What is it about?
Carbon dioxide capture and storage (CCS) faces a number of critical challenges to its development, including the adoption of an appropriate legislative framework and the need for full chain risk assessments. Above all it needs to be cheaper, something the government’s ‘CCS cost reduction task force’ (CCRTF) has been looking at. The task force’s final report (CCRTF, 2013) estimated that CCS-equipped fossil-fuelled power plant generation costs would currently be £161/MWh, falling to £114/ MWh by 2020 and £94/MWh by 2028. Compared to averages of £85/MWh for nuclear power and £107/MWh for onshore wind farms over 5 MW, CCS clearly has some way to go – though it is at least comparable with offshore wind farms, for which generating costs are typically £164/MWh. Furthermore, Hammond and O’Grady (Proc. Instn Civil. Engrs: Energy, 2013; 167 (1): 9-19) demonstrate that CCS is likely to deliver only a 70% reduction in carbon dioxide emissions on a ‘whole systems’ basis, including both upstream and operational (or ‘stack’) emissions, in contrast to the normal presumption of a 90% reduction. The briefing also summarizes the findings of several papers published in a Themed Issue on developments on carbon dioxide capture and geological storage in the Proc. Instn Civil. Engrs: Energy (Volume 165, Issue 2, May 2012).
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Why is it important?
The UK government has set a challenging yet legally binding target of reducing the nation’s greenhouse gas emissions by 80% in 2050 compared to 1990. While not a final solution, carbon dioxide capture and storage (CCS) could certainly help towards meeting this target, allowing continued burning of fossil fuels with reduced gas emissions. Greater financial incentives for CCS could be secured through higher carbon dioxide prices from the EU emissions trading scheme, though this has actually fallen from €20/t in 2011 to €5/t in 2013. To bolster the mechanism, the UK government introduced a ‘carbon floor price’ from 1 April 2013 at £16/t. A recent industry study [by the Energy Technologies Institute ((ETI and Ecofin Research Foundation (ERF), 2012] examined how to attract private finance for CCS technology in the UK, which could be a ‘huge prize’.
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This page is a summary of: Carbon dioxide capture and storage faces a challenging future, November 2013, ICE Publishing,
DOI: 10.1680/cien.2013.166.4.147.
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