The Role of Carbon Capture and Storage Electricity in Attaining 1.5 and 2°C

26 Pages Posted: 19 Dec 2017

See all articles by Adriano Vinca

Adriano Vinca

Fondazione Eni Enrico Mattei (FEEM)

Marianna Rottoli

Fondazione Eni Enrico Mattei (FEEM)

Giacomo Marangoni

Fondazione Eni Enrico Mattei

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM); Princeton University - Princeton Environmental Institute

Date Written: December 18, 2017

Abstract

The climate targets defined under the Paris agreement of limiting global temperature increase below 1.5 or 2°C require massive deployment of low-carbon options in the energy mix, which is currently dominated by fossil fuels. Scenarios suggest that Carbon Capture and Storage (CCS) might play a central role in this transformation, but CCS deployment is stagnating and doubts remain about its techno-economic feasibility. In this article, we carry out a throughout assessment of the role of CCS electricity for a variety of temperature targets, from 1.5 to above 4°C, with particular attention to the lower end of this range. We collect the latest data on CCS economic and technological future prospects to accurately represent several types of CCS plants in the WITCH energy-economy model, We capture uncertainties by means of extensive sensitivity analysis in parameters regarding plants technical aspects, as well as costs and technological progress. Our research suggests that stringent temperature scenarios constrain fossil fuel CCS based deployment, which is maximum for medium policy targets. On the other hand, Biomass CCS, along with renewables, increases with the temperature stringency. Moreover, the relative importance of cost and performance parameters change with the climate target. Cost uncertainty matters in less stringent policy cases, whereas performance matters for lower temperature targets.

Keywords: Carbon Capture and Storage, Integrated Assessment Model, Climate Mitigation Policies, Electricity Sector, Low-carbon Technology

JEL Classification: O33, Q42, Q43, Q54

Suggested Citation

Vinca, Adriano and Rottoli, Marianna and Marangoni, Giacomo and Tavoni, Massimo, The Role of Carbon Capture and Storage Electricity in Attaining 1.5 and 2°C (December 18, 2017). FEEM Working Paper No. 54.2017. Available at SSRN: https://ssrn.com/abstract=3089665 or http://dx.doi.org/10.2139/ssrn.3089665

Adriano Vinca (Contact Author)

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Marianna Rottoli

Fondazione Eni Enrico Mattei (FEEM) ( email )

C.so Magenta 63
Milano, 20123
Italy

Giacomo Marangoni

Fondazione Eni Enrico Mattei ( email )

C.so Magenta 63
Milano, 20123
Italy

Massimo Tavoni

Fondazione Eni Enrico Mattei (FEEM) ( email )

Corso Magenta 63
20123 Milan
Italy

Princeton University - Princeton Environmental Institute

22 Chambers Street
Princeton, NJ 08544-0708
United States

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