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Reflecting its reliance on fossil fuels, the electric power industry produces the majority of the world's greenhouse gas emissions. The need for a revolution in the industry becomes further apparent given that 'decarbonization' means an increasing electrification of other sectors of the economy'in particular, through a switch from gasoline to electric vehicles. Of the options for producing electric power without significant greenhouse gas emissions, renewable energy is most attractive to policymakers, as it promises increased national self-reliance on energy supplies and the creation of new industries and jobs, without the safety and political concerns of nuclear power or the unproven technology of carbon capture and storage. Drawing on both economic theory and the experiences of the United States and EU member states, Harnessing Renewable Energy addresses the key questions surrounding renewable energy policies. How appropriate is the focus on renewable power as a primary tool for reducing greenhouse gas emissions? If renewable energy is given specific support, what form should that support take? What are the implications for power markets if renewable generation is widely adopted? Thorough and well-evidenced, this book will be of interest to a broad range of policymakers, the electric power industry, and economists who study energy and environmental issues.
To achieve goals for climate and economic growth, "negative emissions technologies" (NETs) that remove and sequester carbon dioxide from the air will need to play a significant role in mitigating climate change. Unlike carbon capture and storage technologies that remove carbon dioxide emissions directly from large point sources such as coal power plants, NETs remove carbon dioxide directly from the atmosphere or enhance natural carbon sinks. Storing the carbon dioxide from NETs has the same impact on the atmosphere and climate as simultaneously preventing an equal amount of carbon dioxide from being emitted. Recent analyses found that deploying NETs may be less expensive and less disruptive than reducing some emissions, such as a substantial portion of agricultural and land-use emissions and some transportation emissions. In 2015, the National Academies published Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration, which described and initially assessed NETs and sequestration technologies. This report acknowledged the relative paucity of research on NETs and recommended development of a research agenda that covers all aspects of NETs from fundamental science to full-scale deployment. To address this need, Negative Emissions Technologies and Reliable Sequestration: A Research Agenda assesses the benefits, risks, and "sustainable scale potential" for NETs and sequestration. This report also defines the essential components of a research and development program, including its estimated costs and potential impact.
Diploma Thesis from the year 2008 in the subject Business economics - Investment and Finance, grade: 1,3, Dresden Technical University, language: English, abstract: The Kyoto Protocol has first set a price on carbon dioxide emission (CO2).The energy sector is, due to its nature, particularly afflicted. The combustion of fossil fuels emits massive amounts of CO2 which need to be covered by means of limited emission permits. Coal is the fossil fuel which on the one hand is provided with the largest reserves (thus assuring future fuel availability at comparably low costs) but is on the other hand emitting the largest amount of CO2 per MWhel. Therefore, technologies to capture and store that CO2 are under development. Those technologies come with significantly higher capital cost for the plants and high energy losses in generation. Consequently, high carbon prices are required to incentivize investment into that innovative technology. But the adoption and diffusion of innovations is not only a question of financial incentives. As on other markets, the market for innovation is characterized by potential failures which may impede or prevent the successful diffusion of advanced technologies. The following thesis first provides an overview about the innovative technologies to capture CO2 from large scale sources just reaching demonstration phase. Second, innovation from an industrial organizational point of view is analyzed. The focus here is set on market failures for innovation, in particular with respect to market failures which interact with failures on the market for pollution control. Third, a model is introduced which simulates the adoption and diffusion of Carbon Capture and Storage (CCS) in a two player Cournot game. The producers are subject to emission control and can choose among several technologies to comply with that constraint. The analysis shows that producers prefer a significant reduction in output and profit instead of investing into the expensive technology. The situation changes as nuclear energy production is phased out and learning effects are introduced. This indicates that a switch to environmentally friendly technologies needs strong policy support by stringent emission limits as well as by R&D support and public financed demonstration projects. In extreme cases in which one player is initially equipped with a high share of coal while the other is nuclear based, no symmetric market shares develop. Then, despite being subject to a higher level of emission control, the fossil fuel based player dominates the market over a long time.
This exclusive compilation written by eminent experts from more than ten countries, outlines the processes and methods for geologic sequestration in different sinks. It discusses and highlights the details of individual storage types, including recent advances in the science and technology of carbon storage. The topic is of immense interest to geoscientists, reservoir engineers, environmentalists and researchers from the scientific and industrial communities working on the methodologies for carbon dioxide storage. Increasing concentrations of anthropogenic carbon dioxide in the atmosphere are often held responsible for the rising temperature of the globe. Geologic sequestration prevents atmospheric release of the waste greenhouse gases by storing them underground for geologically significant periods of time. The book addresses the need for an understanding of carbon reservoir characteristics and behavior. Other book volumes on carbon capture, utilization and storage (CCUS) attempt to cover the entire process of CCUS, but the topic of geologic sequestration is not discussed in detail. This book focuses on the recent trends and up-to-date information on different storage rock types, ranging from deep saline aquifers to coal to basaltic formations.
Examines the ways in which real options theory can contribute to strategic management. This volume offers conceptual pieces that trace out pathways for the theory to move forward and presents research on the implications of real options for strategic investment, organization, and firm performance.
This book provides a fundamental description of multiphase fluid flow through porous rock, based on understanding movement at the pore, or microscopic, scale.
This book approaches the energy science sub-field carbon capture with an interdisciplinary discussion based upon fundamental chemical concepts ranging from thermodynamics, combustion, kinetics, mass transfer, material properties, and the relationship between the chemistry and process of carbon capture technologies. Energy science itself is a broad field that spans many disciplines -- policy, mathematics, physical chemistry, chemical engineering, geology, materials science and mineralogy -- and the author has selected the material, as well as end-of-chapter problems and policy discussions, that provide the necessary tools to interested students.
The signals are everywhere that our planet is experiencing significant climate change. It is clear that we need to reduce the emissions of carbon dioxide and other greenhouse gases from our atmosphere if we want to avoid greatly increased risk of damage from climate change. Aggressively pursuing a program of emissions abatement or mitigation will show results over a timescale of many decades. How do we actively remove carbon dioxide from the atmosphere to make a bigger difference more quickly? As one of a two-book report, this volume of Climate Intervention discusses CDR, the carbon dioxide removal of greenhouse gas emissions from the atmosphere and sequestration of it in perpetuity. Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration introduces possible CDR approaches and then discusses them in depth. Land management practices, such as low-till agriculture, reforestation and afforestation, ocean iron fertilization, and land-and-ocean-based accelerated weathering, could amplify the rates of processes that are already occurring as part of the natural carbon cycle. Other CDR approaches, such as bioenergy with carbon capture and sequestration, direct air capture and sequestration, and traditional carbon capture and sequestration, seek to capture CO2 from the atmosphere and dispose of it by pumping it underground at high pressure. This book looks at the pros and cons of these options and estimates possible rates of removal and total amounts that might be removed via these methods. With whatever portfolio of technologies the transition is achieved, eliminating the carbon dioxide emissions from the global energy and transportation systems will pose an enormous technical, economic, and social challenge that will likely take decades of concerted effort to achieve. Climate Intervention: Carbon Dioxide Removal and Reliable Sequestration will help to better understand the potential cost and performance of CDR strategies to inform debate and decision making as we work to stabilize and reduce atmospheric concentrations of carbon dioxide.
This book focuses mainly on the chemical composition of interstitial waters of sediments. Chapter 2 presents the basic theory used throughout the rest of the book in terms of a general diagenetic equation. Chapters 3,4,and 5 provides detailed discussion of each of the terms in general diagenetic equation as well as presentations of data. Chapters 6,7 and 8 gives examples of diagenetic calculation using the theory developed earlier.
This Special Issue delivered 16 scientific papers, with the aim of exploring the application of carbon capture and storage technologies for mitigating the effects of climate change. Special emphasis has been placed on mineral carbonation techniques that combine innovative applications to emerging problems and needs. The aim of this Special Issue is to contribute to improved knowledge of the ongoing research regarding climate change and CCS technological applications, focusing on carbon capture and storage practices. Climate change is a global issue that is interrelated with the energy and petroleum industry.