Carbon capture and storage: Difference between revisions
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|Reference=Hendriks et al., 2004a; Hendriks et al., 2004b; Hendriks et al., 2002; | |Reference=Hendriks et al., 2004a; Hendriks et al., 2004b; Hendriks et al., 2002; | ||
|Description=For carbon capture and storage (CCS), three different steps are identified in the TIMER model: | |Description=For carbon capture and storage (CCS), three different steps are identified in the TIMER model: | ||
*CO<SUB>2</SUB> capture and compression | *CO<SUB>2</SUB> capture and compression; | ||
*CO<SUB>2</SUB> transport | *CO<SUB>2</SUB> transport; | ||
*CO<SUB>2</SUB> storage | *CO<SUB>2</SUB> storage. | ||
Carbon capture is assumed possible for power generation, half of the industrial sector and hydrogen production. In these sectors CCS technologies are defined that compete over market shares with conventional technologies (without CCS). The CCS technologies involve higher costs and a slightly lower conversion efficiency, and are therefore not chosen under default conditions. However, according to model calculations, the costs of these CCS technologies would increase far less compared to conventional technologies if a carbon price would be introduced. Carbon capture is assumed at a maximum of 95%, the remaining 5% is still influenced by the carbon price. The actual market shares of conventional and CCS-based technologies are determined for each market, using multinomial logit equations. The costs of carbon capture are based on Hendriks et al. ([[Hendriks et al., 2002]]; [[Hendriks et al., 2004a]]; [[Hendriks et al., 2004b]]). | Carbon capture is assumed possible for power generation, half of the industrial sector and hydrogen production. In these sectors CCS technologies are defined that compete over market shares with conventional technologies (without CCS). The CCS technologies involve higher costs and a slightly lower conversion efficiency, and are therefore not chosen under default conditions. However, according to model calculations, the costs of these CCS technologies would increase far less compared to conventional technologies if a carbon price would be introduced. Carbon capture is assumed at a maximum of 95%, the remaining 5% is still influenced by the carbon price. The actual market shares of conventional and CCS-based technologies are determined for each market, using multinomial logit equations. The costs of carbon capture are based on Hendriks et al. ([[Hendriks et al., 2002]]; [[Hendriks et al., 2004a]]; [[Hendriks et al., 2004b]]). | ||