Carbon Capture and Sequestration (CCS)
نویسنده
چکیده
Carbon capture and sequestration (or storage)—known as CCS—has attracted interest as a measure for mitigating global climate change because large amounts of carbon dioxide (CO 2) emitted from fossil fuel use in the United States are potentially available to be captured and stored underground or prevented from reaching the atmosphere. Large, industrial sources of CO 2 , such as electricity-generating plants, are likely initial candidates for CCS because they are predominantly stationary, single-point sources. Electricity generation contributes over 40% of U.S. CO 2 emissions from fossil fuels. Congressional interest has grown in CCS as part of legislative strategies to address climate change. which included $3.4 billion for projects and programs related to CCS. Of that amount, $1.52 billion would be made available for a competitive solicitation for industrial carbon capture and energy efficiency improvement projects, $1 billion for the renewal of FutureGen, and $800 million for U.S. Department of Energy Clean Coal Power Initiative Round III solicitations, which specifically target coal-based systems that capture and sequester, or reuse, CO 2 emissions. The $3.4 billion contained in ARRA greatly exceeds the federal government's cumulative outlays for CCS research and development since 1997. The large and rapid influx of funding for industrial-scale CCS projects may accelerate development and deployment of CO 2 capture technologies. Currently, U.S. power plants do not capture large volumes of CO 2 for CCS, even though technology is available that can potentially remove 80%-95% of CO 2 from a point source. This is due, in part, to the absence of either an economic incentive (i.e., a price for captured CO 2) or a regulatory requirement to curtail CO 2 emissions. In addition, DOE estimates that CCS costs between $100 and $300 per metric ton (2,200 pounds) of carbon emissions avoided using current technologies. Those additional costs mean that power plants with CCS would require more fuel, and costs per kilowatt-hour would be higher than for plants without CCS. After CO 2 is captured from the source and compressed into a liquid, pipelines or ships would likely convey the captured CO 2 to storage sites to be injected underground. Three main types of geological formations are being considered for storing large amounts of CO 2 as a liquid: oil and gas reservoirs, deep saline reservoirs, and unmineable coal seams. The deep ocean also has a huge potential to store carbon; however, direct injection of CO 2 into the deep …
منابع مشابه
Integrated Simulation and Optimization for Carbon Capture and Storage System
CO2 capture and storage/sequestration (CCS) is a key technology for addressing the global warming issue. This paper proposes an integrated model for the whole chain of CCS, from a power plant to a reservoir. The integrated model is further utilized to determine optimal operating conditions and study responses to various changes in input variables. Keywords—CCS, Caron Dioxide, Carbon Capture and...
متن کاملCost and U.S. public policy for new coal power plants with carbon capture and sequestration
This paper provides a financial analysis for new supercritical pulverized coal plants with carbon capture and sequestration (CCS) that compares the effects of two relevant climate policies. First, an updated cost estimate is presented for new supercritical pulverized coal plants, both with and without CCS. The capital cost escalation of recent years can be attributed to rising materials, plant ...
متن کاملEconomic Modeling of Carbon Capture and Sequestration Technologies
As policy makers consider strategies to reduce greenhouse gas emissions, they need to understand the available options and the conditions under which these options become economically attractive. This paper explores the economics of carbon capture and sequestration technologies as applied to electric generating plants. The MIT Emissions Prediction and Policy Analysis (EPPA) model, a general equ...
متن کاملEconomic Modeling of Co2 Capture and Sequestration
As policy makers look for strategies to reduce greenhouse gas emissions, they need to understand what options are available and under what conditions these technologies could be economically competitive. This paper explores the economics of carbon capture and sequestration technologies using the MIT Emissions Prediction and Policy Analysis (EPPA) model. We model two of the most promising carbon...
متن کاملLegal Pathways to Widespread Carbon Capture and Sequestration
Despite competing views about climate change policy, the time is ripe to drive carbon capture and sequestration (CCS) forward . National and state investment in and support of CCS are completely consistent with the Donald Trump Administration’s goals to invest in infrastructure projects, continue U .S . reliance on fossil fuels, and create jobs . This Article, excerpted from Michael B . Gerrard...
متن کاملFossil electricity and CO2 sequestration: how natural gas prices, initial conditions and retrofits determine the cost of controlling CO2 emissions
Stabilization of atmospheric greenhouse gas concentrations will require significant cuts in electric sector carbon dioxide (CO2) emissions. The ability to capture and sequester CO2 in a manner compatible with today’s fossil-fuel based power generation infrastructure offers a potentially low-cost contribution to a larger climate change mitigation strategy. The extent to which carbon capture and ...
متن کامل