A proposed global layout of carbon capture and storage in line with a 2 °C climate target
Yi-Ming Wei,
Jia-Ning Kang,
Lancui Liu,
Qi Li,
Peng-Tao Wang,
Juan-Juan Hou,
Qiao-Mei Liang,
Hua Liao (),
Shi-Feng Huang and
Biying Yu ()
Additional contact information
Qi Li: Chinese Academy of Sciences
Peng-Tao Wang: Beijing Institute of Technology
Juan-Juan Hou: Beijing Normal University
Shi-Feng Huang: China Institute of Water Resources and Hydropower Research
Nature Climate Change, 2021, vol. 11, issue 2, 112-118
Abstract:
Abstract A straightforward global layout of carbon capture, utilization and storage (CCUS) is imperative for limiting global warming well below 2 °C. Here, we propose a cost-effective strategy for matching carbon sources and sinks on a global scale. Results show 3,093 carbon clusters and 432 sinks in 85 countries and regions are selected to achieve 92 GtCO2 mitigation by CCUS, 64% of which will be sequestered into sedimentary basins for aquifer storage and 36% will be used for CO2-EOR (enhanced oil recovery). Of the identified source–sink matching, 80% are distributed within 300 km and are mainly located in China, the United States, the European Union, Russia and India. The total cost is ~0.12% of global cumulative gross domestic product. Of countries with CO2-EOR, 75% will turn into profitable at the oil price over US$100 per barrel. These findings indicate our proposed layout is economically feasible. However, its implementation requires global collaboration on financial and technological transfer.
Date: 2021
References: Add references at CitEc
Citations: View citations in EconPapers (33)
Downloads: (external link)
https://www.nature.com/articles/s41558-020-00960-0 Abstract (text/html)
Access to the full text of the articles in this series is restricted.
Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
HTML/Text
Persistent link: https://EconPapers.repec.org/RePEc:nat:natcli:v:11:y:2021:i:2:d:10.1038_s41558-020-00960-0
Ordering information: This journal article can be ordered from
https://www.nature.com/nclimate/
DOI: 10.1038/s41558-020-00960-0
Access Statistics for this article
Nature Climate Change is currently edited by Bronwyn Wake
More articles in Nature Climate Change from Nature
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().