HOW CARBON MARKET COOPERATION CHANGES THE ENERGY SYSTEMS IN NORTHEAST ASIA

2020 ◽  
Vol 11 (02) ◽  
pp. 2050010
Author(s):  
MINHO BAEK ◽  
QIMIN CHAI ◽  
SUDUK KIM
Keyword(s):  
Power Systems ◽  
Carbon Capture ◽  
Emissions Trading ◽  
Northeast Asia ◽  
Carbon Capture And Storage ◽  
Carbon Market ◽  
Assessment Model ◽  
Scenario Analyses ◽  
Ccs Technologies ◽  
The Impact

This paper explores the impact of international emissions trading (IET) among Korea, China, and Japan, three countries that would form the largest potential carbon market in the world. The Nationally Determined Contribution for each country forms the basis of scenario analyses using GCAM (Global Change Assessment Model). As expected, China emerges as the sole net seller of emissions permits while Korea and Japan are the net purchasers of emission permits produced by China. All participants enjoy gains from emissions trading. The implementation of IET changes the power systems of Korea and Japan by favoring increased conventional fossil fuel usage over renewable power technologies or attached carbon capture and storage (CCS) technologies, while China’s power system moves in the opposite direction, by boosting the deployment of renewables and CCS-attached technologies. Considering the counterproductive incentives for Korea and Japan to consume more carbon-intensive energy sources, each country should consider such issues carefully before officially adopting IET as the pillar of climate policy.

scholarly journals Experimental study of the supercritical CO 2 diffusion coefficient in porous media under reservoir conditions

2019 ◽  
Vol 6 (6) ◽  
pp. 181902 ◽  
Author(s):  
Junchen Lv ◽  
Yuan Chi ◽  
Changzhong Zhao ◽  
Yi Zhang ◽  
Hailin Mu
Keyword(s):  
Porous Media ◽  
Diffusion Coefficient ◽  
Oil Recovery ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Elevated Pressure ◽  
Experimental Results ◽  
Saturated Porous Media ◽  
Reservoir Conditions ◽  
The Impact

Reliable measurement of the CO 2 diffusion coefficient in consolidated oil-saturated porous media is critical for the design and performance of CO 2 -enhanced oil recovery (EOR) and carbon capture and storage (CCS) projects. A thorough experimental investigation of the supercritical CO 2 diffusion in n -decane-saturated Berea cores with permeabilities of 50 and 100 mD was conducted in this study at elevated pressure (10–25 MPa) and temperature (333.15–373.15 K), which simulated actual reservoir conditions. The supercritical CO 2 diffusion coefficients in the Berea cores were calculated by a model appropriate for diffusion in porous media based on Fick's Law. The results show that the supercritical CO 2 diffusion coefficient increases as the pressure, temperature and permeability increase. The supercritical CO 2 diffusion coefficient first increases slowly at 10 MPa and then grows significantly with increasing pressure. The impact of the pressure decreases at elevated temperature. The effect of permeability remains steady despite the temperature change during the experiments. The effect of gas state and porous media on the supercritical CO 2 diffusion coefficient was further discussed by comparing the results of this study with previous study. Based on the experimental results, an empirical correlation for supercritical CO 2 diffusion coefficient in n -decane-saturated porous media was developed. The experimental results contribute to the study of supercritical CO 2 diffusion in compact porous media.

scholarly journals The Value of BECCS in IAMs: a Review

2019 ◽  
Vol 6 (4) ◽  
pp. 107-115 ◽  
Author(s):  
Alexandre C. Köberle
Keyword(s):  
Carbon Capture ◽  
Energy Use ◽  
Carbon Capture And Storage ◽  
Integrated Assessment Model ◽  
Assessment Model ◽  
Model Structure ◽  
Low Carbon ◽  
Discount Rates ◽  
Value Drivers ◽  
End Use

Abstract Purpose of Review Integrated assessment model (IAM) scenarios consistent with Paris Agreement targets involve large negative emission technologies (NETs), mostly bioenergy with carbon capture and storage (BECCS). Such reliance on BECCS implies IAMs assign it a high value. Past analyses on the value of BECCS in IAMs have not explicitly addressed the role of model structure and assumptions as value drivers. This paper examines the extent to which the value of BECCS in IAMs is enhanced by model structure constraints and assumptions. Recent Findings Predominant use of high discount rates (3.5–5%) means models opt for delayed-action strategies for emissions mitigation that lead to high levels of cumulative net-negative emissions, while lower discount rates lead to reduce reliance on NETs. Until recently in the literature, most models limited NET options to only BECCS and afforestation, but introduction of other CDR options can reduce BECCS deployment. Constraints on grid penetration of variable renewable energy (VRE) is a determining factor on the level of BECCS deployment across models, and more constrained grid penetration of VREs leads to more BECCS in electricity generation. Summary This paper concludes BECCS derives significant value not only from the existing structure of IAMs but also from what is not represented in models and by predominant use of high discount rates. Omissions include NETs other than BECCS and deforestation, low-carbon innovation in end-use technologies, grid resilience to intermittent sources, and energy use in agriculture production. As IAMs increasingly endogenize such constraints, the value of BECCS in resulting scenarios is likely to be dampened.

EU carbon emissions trading faces an uncertain future

2019 ◽  
Keyword(s):  
Carbon Capture ◽  
Emissions Trading ◽  
Carbon Capture And Storage ◽  
Trading System ◽  
Content Type ◽  
Carbon Emissions Trading ◽  
Plant Closures ◽  
Uncertain Future ◽  
Carbon Prices ◽  
The Eu

Subject The EU's carbon trading system. Significance EU carbon prices have risen as a result of reforms to the EU Emissions Trading System (ETS), but uncertainties persist due to the combined effects of the reforms, slow economic growth, likely coal plant closures and increased renewable energy capacity during Phase 4 of the system (2021-30). Impacts Higher carbon prices will penalise coal-fired generation over gas because coal plants emit roughly twice the amount of CO2. High carbon prices run the risk of industrial relocation outside the EU. Higher carbon prices will reduce the relative costs of technologies for gas-fired plants such as carbon capture and storage.

Technical and Economic Aspects of Carbon Capture an Storage — A Review

2007 ◽  
Vol 25 (5) ◽  
pp. 357-392 ◽  
Author(s):  
Havva Balat ◽  
Cahide Öz
Keyword(s):  
Carbon Dioxide ◽  
Carbon Dioxide Emissions ◽  
Carbon Capture ◽  
Fossil Fuels ◽  
Carbon Capture And Storage ◽  
The United States ◽  
Potential Contribution ◽  
Economic Aspects ◽  
Ccs Technologies ◽  
And Storage

This article deals with review of technical and economic aspects of Carbon Capture and Storage. Since the late 1980s a new concept is being developed which enables to make use of fossil fuels with a considerably reduced emission of carbon dioxide to the atmosphere. The concept is often called ‘Carbon Capture and Storage’ (CCS). CCS technologies are receiving increasing attention, mainly for their potential contribution to the optimal mitigation of carbon dioxide emissions that is intended to avoid future, dangerous climate change. CCS technologies attract a lot of attention because they could allow “to reduce our carbon dioxide emissions to the atmosphere whilst continuing to use fossil fuels”. CCS is not a completely new technology, e.g., the United States alone is sequestering about 8.5 MtC for enhanced oil recovery each year. Today, CCS technologies are widely recognised as an important means of progress in industrialized countries.

scholarly journals Environmental assessment of amending the Amager Bakke incineration plant in Copenhagen with carbon capture and storage

2021 ◽  
pp. 0734242X2110481
Author(s):  
V. Bisinella ◽  
J. Nedenskov ◽  
Christian Riber ◽  
Tore Hulgaard ◽  
Thomas H. Christensen
Keyword(s):  
Climate Change ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Climate Change Impacts ◽  
Waste Incineration ◽  
Heat Output ◽  
Net Energy ◽  
District Heating System ◽  
The Impact ◽  
And Storage

Amending municipal solid waste incineration with carbon capture and storage (CCS) is a new approach that can reduce the climate change impacts of waste incineration. This study provides a detailed analysis of the consequences of amending the new Amager Bakke incinerator in Copenhagen (capacity: 600,000 tonnes waste per year) with CCS as a post-combustion technology. Emphasis is on the changes in the energy flows and outputs as well as the environmental performance of the plant; the latter is assessed by life cycle assessment. Amending Amager Bakke with CCS of the chosen configuration reduces the electricity output by 50% due to steam use by the capture unit, but introducing post-capture flue gas condensation increases the heat output utilized in the Copenhagen district heating system by 20%. Thus, the overall net energy efficiency is not affected. The CCS amendment reduces the fossil CO2 emissions to 40 kg CO2 per tonne of incinerated waste and stores 530 kg biogenic CO2 per tonne of incinerated waste. Potential developments in the composition of the residual waste incinerated or in the energy systems that Amager Bakke interacts with, do not question the benefits of the CCS amendment. In terms of climate change impacts, considering different waste composition and energy system scenarios, introducing CCS reduces in average the impact of Amager Bakke by 850 kg CO2-equivalents per tonne of incinerated waste. CCS increases the environmental impacts in other categories, but not in the same order of magnitude as the savings introduced within climate change.

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