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Two scenarios for carbon capture and storage in Vietnam

Minh Ha-Duong and Hoang Anh Nguyen Trinh ()
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Hoang Anh Nguyen Trinh: CleanED - Clean Energy and Sustainable Development Lab - USTH - University of sciences and technologies of hanoi

Authors registered in the RePEc Author Service: Hoang Anh NGUYEN-TRINH ()

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Abstract: Vietnam plans to develop dozens of new coal-fired power generation units over the next 20 years. If they are indeed build, in order to avoid a dangerous level of global warming, it may appear necessary to dispose of these plants' CO2 by burying it in deep underground geological formations instead of releasing it into the atmosphere, using Carbon Capture and Storage (CCS) technology. We show that CCS has a technical potential in Vietnam, according to the geology and the industrial geography. To discuss under which economics conditions this potential could actualize, we examine two scenarios for 2050. In the first scenario, CO2 is used in Enhanced Oil Recovery (EOR) only. EOR technology makes CCS cheaper by injecting CO2 in partially depleted oil field, aiming to recover more oil. The second scenario considers CCS deployment in coal-based power plants, on top of using it for EOR. This happens after 2035, since according to a survey of 15 national experts, CCS would not be a priority for the next 20 years in Vietnam. That scenario assumes international financial supports to initiate demonstration projects after 2025, that Vietnam develops an affluent economy, that China paves the technology way, and that capture-ready is given some attention in the near term.

Keywords: power generation; Vietnam; capture ready; Carbon capture and storage; scenario 1 (search for similar items in EconPapers)
Date: 2017-06-18
New Economics Papers: this item is included in nep-ene, nep-env and nep-sea
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Published in 40th Annual IAEE International Conference, Institute of Energy Studies, National University of Singapore, Jun 2017, Singapour, Singapore

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