scholarly journals The need for a Net Zero Principles Framework to support public policy at local, regional and national levels

2020 ◽  
Vol 35 (7) ◽  
pp. 627-634
Author(s):  
Karen Turner ◽  
Antonios Katris ◽  
Julia Race
Keyword(s):  
Public Policy ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Economic Returns ◽  
Net Zero ◽  
Local Areas ◽  
Zero Carbon ◽  
Near Term ◽  
And Storage ◽  
Do So

Many nations have committed to midcentury net zero carbon emissions targets in line with the 2015 Paris Agreement. These require systemic transition in how people live and do business in different local areas and regions within nations. Indeed, in recognition of the climate challenge, many regional and city authorities have set their own net zero targets. What is missing is a grounded principles framework to support what will inevitably be a range of broader public policy actions, which must in turn consider pathways that are not only technically, but economically, socially and politically feasible. Here, we attempt to stimulate discussion on this issue. We do so by making an initial proposition around a set of generic questions that should challenge any decarbonisation action, using the example of carbon capture and storage to illustrate the importance and complexity of ensuring feasibility of actions in a political economy arena. We argue that this gives rise to five fundamental ‘Net Zero Principles’ around understanding of who really pays and gains, identifying pathways that deliver growing and equitable prosperity, some of which can deliver near-term economic returns, while avoiding outcomes that simply involve ‘off-shoring’ of emissions, jobs and gross domestic product.

Offshore wind ambitions will surge in northern Europe

2020 ◽  
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Job Creation ◽  
Offshore Wind ◽  
Northern Europe ◽  
Content Type ◽  
Northern European ◽  
Net Zero ◽  
Zero Carbon ◽  
And Storage

Subject Offshore wind in northern Europe. Significance Falling costs, the adoption of net zero carbon targets and a growing acceptance of the role ‘green’ hydrogen will play in natural gas decarbonisation have seen northern European countries’ raise their targets for new offshore wind capacity. Energy island concepts are being promoted to tap the resource further offshore. Denmark will build two energy islands as the centrepiece of its plans to deliver huge emissions cuts by 2030. Impacts Oil majors looking towards energy source diversification are likely to be attracted to offshore wind. It is unclear whether Carbon Capture and Storage projects will lose out to ‘green’ hydrogen production or be pursued in tandem. The offshore wind sector and its supply chains are likely to become an important source of new job creation.

scholarly journals Editorial: The Role of Carbon Capture and Storage Technologies in a Net-Zero Carbon Future

2021 ◽  
Vol 9 ◽  
Author(s):  
Mai Bui ◽  
Matteo Gazzani ◽  
Carlos Pozo ◽  
Graeme Douglas Puxty ◽  
Salman Masoudi Soltani
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Net Zero ◽  
Zero Carbon ◽  
Storage Technologies ◽  
And Storage

scholarly journals The Economic Accessibility of CO2 Sequestration through Bioenergy with Carbon Capture and Storage (BECCS) in the US

Land ◽  
2020 ◽  
Vol 9 (9) ◽  
pp. 299 ◽  
Author(s):  
Matthew Langholtz ◽  
Ingrid Busch ◽  
Abishek Kasturi ◽  
Michael R. Hilliard ◽  
Joanna McFarlane ◽  
...  
Keyword(s):  
Power Generation ◽  
Co2 Sequestration ◽  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Power Sources ◽  
Sequestration Potential ◽  
The Us ◽  
Near Term ◽  
And Storage

Bioenergy with carbon capture and storage (BECCS) is one strategy to remove CO2 from the atmosphere. To assess the potential scale and cost of CO2 sequestration from BECCS in the US, this analysis models carbon sequestration net of supply chain emissions and costs of biomass production, delivery, power generation, and CO2 capture and sequestration in saline formations. The analysis includes two biomass supply scenarios (near-term and long-term), two biomass logistics scenarios (conventional and pelletized), and two generation technologies (pulverized combustion and integrated gasification combined cycle). Results show marginal cost per tonne CO2 (accounting for costs of electricity and CO2 emissions of reference power generation scenarios) as a function of CO2 sequestered (simulating capture of up to 90% of total CO2 sequestration potential) and associated spatial distribution of resources and generation locations for the array of scenario options. Under a near-term scenario using up to 206 million tonnes per year of biomass, up to 181 million tonnes CO2 can be sequestered annually at scenario-average costs ranging from $62 to $137 per tonne CO2; under a long-term scenario using up to 740 million tonnes per year of biomass, up to 737 million tonnes CO2 can be sequestered annually at scenario-average costs ranging from $42 to $92 per tonne CO2. These estimates of CO2 sequestration potential may be reduced if future competing demand reduces resource availability or may be increased if displaced emissions from conventional power sources are included. Results suggest there are large-scale opportunities to implement BECCS at moderate cost in the US, particularly in the Midwest, Plains States, and Texas.

LNG producers will aim to cut their carbon footprint

2021 ◽  
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Public And Private ◽  
Content Type ◽  
Sustainability Criteria ◽  
Net Zero ◽  
The Face ◽  
Lng Liquefaction ◽  
And Storage ◽  
Negligible Contribution

Significance The companies use carbon offsets in a bid to sustain demand in the face of rising concern about methane emissions, evolving sustainability criteria, the adoption of carbon net-zero targets and a decline in public sector funding for LNG supply chain infrastructure. They are also seeking to reduce the greenhouse gas (GHG) impact of their operations. Impacts Downstream LNG infrastructure projects will find it more difficult to raise public and private finance. Carbon-neutral LNG deliveries will make a negligible contribution to limiting climate change. The adoption of carbon capture and storage to cut emissions from LNG liquefaction will offer insights for other sectors.

scholarly journals Why and Where to Fund Carbon Capture and Storage

2021 ◽  
Vol 27 (6) ◽  
Author(s):  
Kian Mintz-Woo ◽  
Joe Lane
Keyword(s):  
Carbon Capture ◽  
Carbon Capture And Storage ◽  
Global Solutions ◽  
Climate Impacts ◽  
Developing Regions ◽  
Strategic Investment ◽  
Legitimate Expectations ◽  
Near Term ◽  
Moral Justifications ◽  
And Storage

AbstractThis paper puts forward two claims about funding carbon capture and storage. The first claim is that there are moral justifications supporting strategic investment into CO2 storage from global and regional perspectives. One argument draws on the empirical evidence which suggests carbon capture and storage would play a significant role in a portfolio of global solutions to climate change; the other draws on Rawls’ notion of legitimate expectations and Moellendorf’s Anti-Poverty principle. The second claim is that where to pursue this strategic investment poses a morally non-trivial problem, with considerations like near-term global distributive justice and undermining legitimate expectations favouring investing in developing regions, especially in Asia, and considerations like long-term climate impacts and best uses of resources favouring investing in the relatively wealthy regions that have the best prospects for successful storage development.

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