A platform for research: civil engineering, architecture and urbanism
A platform for research: civil engineering, architecture and urbanism
Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe
Abstract In this paper, we develop a model to analyze the economics of carbon capture, transport, and storage (CCTS) in the wake of expected rising $ CO_{2} $ prices. We present a scalable mixed integer, multiperiod, welfare-optimizing network model for Europe, called CCTS-Mod. The model incorporates endogenous decisions on carbon capture, pipeline and storage investments, as well as capture, flow and injection quantities based on given costs, $ CO_{2} $ prices, storage capacities, and point source emissions. Given full information about future costs of CCTS-technology, and $ CO_{2} $ prices, the model determines a cost minimizing strategy on whether to purchase $ CO_{2} $ certificates, or to abate the $ CO_{2} $ through investments into a CCTS-chain on a site by site basis. We apply the model to analyze different scenarios for the deployment of CCTS in Europe, e.g., under high and low $ CO_{2} $ prices, respectively. We find that beyond $ CO_{2} $ prices of €50 per t, CCTS can contribute to the decarbonization of Europe’s industry sectors, as long as one assumes sufficient storage capacities (onshore and/or offshore). We find that CCTS is only viable for the power sector if the $ CO_{2} $ certificate price exceeds €75 per t.
Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe
Abstract In this paper, we develop a model to analyze the economics of carbon capture, transport, and storage (CCTS) in the wake of expected rising $ CO_{2} $ prices. We present a scalable mixed integer, multiperiod, welfare-optimizing network model for Europe, called CCTS-Mod. The model incorporates endogenous decisions on carbon capture, pipeline and storage investments, as well as capture, flow and injection quantities based on given costs, $ CO_{2} $ prices, storage capacities, and point source emissions. Given full information about future costs of CCTS-technology, and $ CO_{2} $ prices, the model determines a cost minimizing strategy on whether to purchase $ CO_{2} $ certificates, or to abate the $ CO_{2} $ through investments into a CCTS-chain on a site by site basis. We apply the model to analyze different scenarios for the deployment of CCTS in Europe, e.g., under high and low $ CO_{2} $ prices, respectively. We find that beyond $ CO_{2} $ prices of €50 per t, CCTS can contribute to the decarbonization of Europe’s industry sectors, as long as one assumes sufficient storage capacities (onshore and/or offshore). We find that CCTS is only viable for the power sector if the $ CO_{2} $ certificate price exceeds €75 per t.
Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe
Oei, Pao-Yu (author) / Herold, Johannes (author) / Mendelevitch, Roman (author)
2014
Article (Journal)
Electronic Resource
English
BKL:
43.00
Umweltforschung, Umweltschutz: Allgemeines
/
43.00$jUmweltforschung$jUmweltschutz: Allgemeines
Modeling a Carbon Capture, Transport, and Storage Infrastructure for Europe
| Springer Verlag | 2014
EASAC Study on Carbon Capture and Storage in Europe
| British Library Conference Proceedings | 2013
EASAC Study on Carbon Capture and Storage in Europe
| Wiley | 2013
Estimation of carbon capture and storage transport cost in Korea
| Taylor & Francis Verlag | 2014