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Opportunities and Challenges for Carbon Capture and Sequestration

2007

Abstract

N o . 1 lic supports renewable energy and energy effi ciency as priority GHG mitigation options (Curry et al., 2007), their economic potential to cut emissions over the mid-term is likely insuffi cient to prevent the more serious impacts of climate change. Many experts believe that every climate mitigation option, including CCS, must be employed to stabilize atmospheric concentrations at a viable level (Socolow, 2004). Figure 1 offers one illustration SUMMARY Carbon capture and sequestration (CCS) could become an important option to limit carbon dioxide emissions that are now causing global climate change. Interest in CCS has grown in North America, Europe, and Asia over the past 5 years. Selected challenges facing the technology include: developing a policy driver to incentivize deployment; defi ning a fl exible and adaptable regulatory framework; and funding large-scale demonstration projects to resolve technical and integration uncertainties as well as reduce high costs. Addressing these three challenges will help solve a fourth: public acceptability. Debate over the timing of CCS deployment is likely to continue, but it is clear that this climate mitigation option is critical to eventual stabilization of greenhouse gas concentrations in the atmosphere. This policy brief outlines high-level issues related to deployment of carbon dioxide capture and geological sequestration (CCS). It serves as a broad introduction to some of the key challenges that must be addressed for wide-scale deployment of CCS. Forthcoming papers in this WRI series will address selected issues in greater depth. CCS is one option for reducing anthropogenic greenhouse gas emissions that are now altering the global climate system. The CCS process starts with capturing carbon dioxide from power plants or other large industrial point sources, transporting it to suitable locations, and injecting it into underground reservoirs. Interest in CCS has grown in recent years as it would significantly reduce emissions from fossil fuels, which are expected to continue to meet the world's energy needs for decades to come due to their widespread availability and low cost. Challenging economic, technical, social, and institutional hurdles remain, however, before CCS can contribute signifi cantly to a larger climate solution. POTENTIAL FOR REDUCING CO 2 EMISSIONS The global community must reduce greenhouse gas emissions signifi cantly and quickly to prevent catastrophic climate change. According to the latest UN Intergovernmental Panel on Climate Change (IPCC) report, even to hold global mean temperature increases to 2.6°C (4.7°F) or less, global emissions should peak and then begin declining by 2020 (IPCC, 2007). Even then, more frequent heat waves, droughts, severe storms, sea level rise, and other signifi cant climate change impacts are expected. Currently, fossil fuels meet about 80 percent of global energy needs, and demand for energy will increase as populations and incomes rise. While surveys have indicated that the general pub-