From Expert Elicitations to Integrated Assessment: Future Prospects of Carbon Capture Technologies

27 Pages Posted: 24 May 2014

See all articles by Elena Claire Ricci

Elena Claire Ricci

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici

Valentina Bosetti

Bocconi University; CMCC - Euro Mediterranean Centre for Climate Change

Erin Baker

University of Massachusetts at Amherst - Mechanical and Industrial Engineering Department

Karen E. Jenni

Carnegie Mellon University

Date Written: May 23, 2014

Abstract

This paper analyzes the future prospects of carbon capture technologies. The first part of the analysis presents and discusses the results of an expert elicitation survey on a broad range of carbon capture options. The survey collected probabilistic estimates on the future values of energy penalty under three different scenarios of R&D investments and climate policies from twelve leading European experts from both academia and industry. In the second part of the analysis, the elicitation results are used as input to an integrated assessment model. This allows us to evaluate the potentials of success of this technology within a broad mitigation portfolio of options and under different policy assumptions, in an intertemporal optimizing setting. Both parts of the work provide results that are of interest to policy-makers, integrated-assessment and energy modelers.

Keywords: Carbon Capture, Expert Elicitation, Integrated Assessment Modeling

JEL Classification: Q5, Q55

Suggested Citation

Ricci, Elena Claire and Bosetti, Valentina and Baker, Erin and Jenni, Karen E., From Expert Elicitations to Integrated Assessment: Future Prospects of Carbon Capture Technologies (May 23, 2014). FEEM Working Paper No. 44.2014, Available at SSRN: https://ssrn.com/abstract=2441139 or http://dx.doi.org/10.2139/ssrn.2441139

Elena Claire Ricci

CMCC - Centro Euro-Mediterraneo sui Cambiamenti Climatici ( email )

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Valentina Bosetti (Contact Author)

Bocconi University

Via Gobbi 5
Milan, 20136
Italy

CMCC - Euro Mediterranean Centre for Climate Change

via Augusto Imperatore, 16
Lecce, I-73100
Italy

Erin Baker

University of Massachusetts at Amherst - Mechanical and Industrial Engineering Department ( email )

Department of Operations and Information Managemen
Amherst, MA 01003
United States

Karen E. Jenni

Carnegie Mellon University ( email )

Pittsburgh, PA 15213-3890
United States

Here is the Coronavirus
related research on SSRN

Paper statistics

Downloads
45
Abstract Views
415
PlumX Metrics