Emission Reduction Potential
CCS technologies can possibly diminish CO2 discharges from a coal or natural gas fueled power plant by as much as 90 percent. CCS could give noteworthy vast CO2 discharge decreases:
- The U.S. Energy Information Administration's (EIA) displaying analysis of the Waxman-Markey American Clean Energy and Security Act of 2009 anticipated that, under the proposed cap and trade program, coal power plants with CCS could give 11 percent of U.S. power by 2030, and that new coal power plants with CCS could represent 28 percent of new generating capacity. Conversely, without enactment, new coal power plants would account just for 11 percent of new generating capacity.
- Because of increasing worldwide interest for energy, the utilization of fossil fuels is going to rise through 2035, will increase CO2 emissions. CCS technology offers the chance to decrease discharges while keeping up a part for fossil fuels in national energy portfolios.
- Under its 2°c Scenario (2ds), the International Energy Agency (IEA) assesses that CCS will give 14 percent of total emissions decreases somewhere around 2015 and 2050 compared with a the same situation. Under the same situation, CCS gives one-sixth of necessary emissions reduction in 2050. Data Source : http://www.c2es.org/technology/factsheet/CCS
Cost
The execution of CCS technology increases the investment costs for power and industrial projects. Generally speaking, the expense of project can differ impressively. The incremental cost of CCS changes relying upon parameters, for example, the decision of capture technologies, the rate of CO2 captured, the percentage of fossil fuel utilized, and transportation and kind of geologic stockpiling area. In general, as with other new innovations, the cost of CCS is expected to be high for the first CCS project and decrease from that point as the technology moves along its "learning curve."
Offering captured CO2 as a ware is one alternative for moderating the higher expenses and dangers of putting resources into CCS. Upgraded oil recovery is a developing opportunity for using captured CO2. In the United States, CO2-EOR as of now records for 6 percent of domestic oil production, and the business could use tremendous oil reserves if more CO2 is captured and utilized.
Data source:http://www.c2es.org/technology/factsheet/CCS
Offering captured CO2 as a ware is one alternative for moderating the higher expenses and dangers of putting resources into CCS. Upgraded oil recovery is a developing opportunity for using captured CO2. In the United States, CO2-EOR as of now records for 6 percent of domestic oil production, and the business could use tremendous oil reserves if more CO2 is captured and utilized.
Data source:http://www.c2es.org/technology/factsheet/CCS