The promise of carbon capture and storage: evaluating the capture-readiness of new EU fossil fuel power plants
Wina Graus,
Mauro Roglieri,
Piotr Jaworski,
Luca Alberio and
Ernst Worrell
Climate Policy, 2011, vol. 11, issue 1, 789-812
Abstract:
To what degree are recently built and planned power plants in the EU 'capture-ready' for carbon capture and storage (CCS)? Survey results show that most recently built fossil fuel power plants have not been designed as capture-ready. For 20 planned coal-fired plants, 13 were said to be capture-ready (65%). For 31 planned gas-fired power plants, only 2 were indicated to be capture-ready (6%). Recently built or planned power plants are expected to cover a large share of fossil fuel capacity by 2030 and thereby have a large impact on the possibility to implement CCS after 2020. It is estimated that around 15-30% of fossil fuel capacity by 2030 can be capture-ready or have CO 2 capture implemented from the start. If CCS is implemented at these plants, 14-28% of baseline CO 2 emissions from fossil fuel power generation in 2030 could be mitigated, equivalent to 220-410 MtCO 2 . A key reason indicated by utilities for building a capture-ready plant is (expected) national or EU policies. In addition, financial incentives and expected high CO 2 prices are important. The implementation of a long-term regulatory framework for CCS with clear definitions of 'capture- readiness' and policy requirements will be important challenges.
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:taf:tcpoxx:v:11:y:2011:i:1:p:789-812
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DOI: 10.3763/cpol.2008.0615
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