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removals by sinks” in the second half of this century. Carbon capture and storage (CCS) technology, after having been hailed as … potential benefits, CCS development and deployment proceeded at a far slower rate than what was expected and are struggling to … explores the main progress and deadlocks in CCS’s difficult path. …
Persistent link: https://www.econbiz.de/10011457745
Carbon Capture Utilization and Storage (CCUS) stands as a pivotal technology crucial for achieving the most ambitious climate objectives. Despite its prominent inclusion in energy mix projections, its current deployment falls short of the requisite level. Additionally, uncertainties surrounding...
Persistent link: https://www.econbiz.de/10014438553
perspective, the vast majority of energy analyses and scenarios project a fundamental role of Carbon Capture & Storage (CCS … progressively delayed deployment of CCS plants from a climate, energy, and economic perspective, focusing in particular on the power …-industrial levels. The analysis shows that CCS will be a key mitigation option at a global level for carbon mitigation, achieving about …
Persistent link: https://www.econbiz.de/10012006569
This paper uses an integrated assessment model to quantify the climate R&D investment strategy for a variety of scenarios fully consistent with 2°C. We estimate the total climate R&D investment needs in approximately 1 USD Trillion cumulatively in the period 2010-2030, and 1.6 USD Trillions in...
Persistent link: https://www.econbiz.de/10010203419
from this price decrease, which reduces the abatement cost. In contrast, CO2 capture and storage (CCS) does not reduce … important. Indeed, for a given unilateral abatement in OECD countries, leakage is more than halved in a scenario with CCS … included among the abatement options, compared to a scenario prohibiting CCS. We show that the main reason for this difference …
Persistent link: https://www.econbiz.de/10008840955
that Carbon Capture and Storage (CCS) might play a central role in this transformation, but CCS deployment is stagnating … of CCS electricity for a variety of temperature targets, from 1.5 to above 4°C, with particular attention to the lower … end of this range. We collect the latest data on CCS economic and technological future prospects to accurately represent …
Persistent link: https://www.econbiz.de/10011753419
We show that a technological breakthrough that reduces CO2 emissions per output can exacerbate the climate change problem: countries may respond by raising their emissions resulting in an increase of the stock of pollution that may reduce welfare. Using parameter values based on empirical...
Persistent link: https://www.econbiz.de/10008798037
, forest carbon storage dominates. However, when carbon prices pass $235/tCO2, wood bioenergy with CCS becomes increasingly …
Persistent link: https://www.econbiz.de/10011451543
Computable general equilibrium (CGE) models are widely used to analyse macroeconomic and sectoral effects of climate policies. Developing new and improving existing carbon-free energy technologies will be crucial to limit the long-term economic costs of mitigation policies. Such technologies are...
Persistent link: https://www.econbiz.de/10010476204
We develop a theoretical model of directed technical change in which clean (zero emissions) and dirty (emissions-intensive) technologies are embodied in long-lived capital. We show how obsolescence costs generated by technological embodiment create inertia in a transition to clean growth....
Persistent link: https://www.econbiz.de/10010403517