Carbon Capture and Storage - An Answer to Global Carbon Emission Concerns by GlobalData

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An increasing commitment to emission reduction goals and the current inadequacies of alternative energy sources have driven Carbon Capture and Storage (CCS) deployment. CCS technologies have the potential to capture 90% of carbon dioxide (CO2) emissions from fossil fuel power plants, enabling cleaner coal generation. This new and advanced technology has the capability to retain efficient, affordable coal as a power-generating fuel in a carbon-constrained world. Deployment of CCS technology is among the most effective ways of reducing global carbon emissions despite the challenges it faces. Inadequate government funding, mainly due to the heavy investment costs, storage risks and other uncertainties have put many of the current CCS projects on hold. Public opposition, due to the associated risks and the lack of general awareness relating to this technology has also served as an obstacle to the deployment of CCS. However, despite these hurdles, many CCS projects have so far shown positive results with the potential to capture millions of tons of atmospheric CO2.

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									           Carbon Capture and Storage - An Answer to Global Carbon
                             Emission Concerns
       Reference Code: GDPE0062VPT                                                                                                                 Publication Date: April 2012


       1         Table of Contents
       1 Table of Contents.................................................................1       1.1      List of Tables
        1.1 List of Tables .................................................................1
        1.2 List of Figures ................................................................1      Table 1:      Large Scale CCS Projects in the Operation and
       2 Summary .............................................................................2                  Execution Stages ..................................................... 3
       3 Carbon Capture and Storage – An Answer to Global Carbon                                   Table 2:      Planned CCS Power Plant Projects Worldwide........ 4
         Emission Concerns ..............................................................2         Table 3:      CCS Projects Worldwide, 2011 ................................ 8
        3.1 CCS - Enabling the Use of Coal Power in Meeting                                        Table 4:      Abbreviations ......................................................... 10
             Emission Reduction Goals ............................................2
        3.2 Recent Innovations in CCS Technologies Aiding the
             Attainment of Greenhouse Gas Emission Goals ...........4
        3.3 Intermittent Renewable Energy Fast Tracks the CCS                                      1.2      List of Figures
             Technology ....................................................................5      Figure 1:  Power Market, Global, Net Power Generation by
        3.4 Government Support for CCS Development in Meeting                                                 Fuel Type (Gigawatt hours, GWh), 2000-2020......... 6
             Global Emission Reduction Targets ..............................6                     Figure 2: CCS Projects, Key Players......................................... 8
        3.5 Initiatives by Key Players in the Development of CCS                                   Figure 3: CCS Market, Global, Share of CCS Projects by
             Technology ....................................................................6                 Region (%), 2011 ..................................................... 9
        3.6 Country Developments and Market Shares for Global
             CCS Projects .................................................................8
        3.7 Sources for the Viewpoint ...........................................10
       4 Appendix ............................................................................10
        4.1 Abbreviations...............................................................10
        4.2 Methodology ................................................................10
        4.3 Contact Us...................................................................11
        4.4 Disclaimer....................................................................11




                                                                                                                                             GDPE0062VPT / APR 2012/ Page 1
Carbon Capture and Storage - An Answer to Global Carbon Emission                                                                                            Market Analysis Alert
Concerns                                                                                                  © GlobalData. This report is a licensed product and is not to be copied,
                                                                                                                                        reproduced, shared or resold in any form
                                                                             need to reduce emissions and increase energy efficiency. This
                                                                             has meant that R&D activities for CCS projects are being
       2       Summary                                                       actively supported by global governments with an interest in
       An increasing commitment to emission reduction goals and the          generating cleaner energy.
       current inadequacies of alternative energy sources have driven
       Carbon Capture and Storage (CCS) deployment. CCS                      3.1    CCS - Enabling the Use of Coal Power in
       technologies have the potential to capture 90% of carbon                     Meeting Emission Reduction Goals
       dioxide (CO2) emissions from fossil fuel power plants, enabling       High-emitting, abundant and affordable coal is becoming a
       cleaner coal generation. This new and advanced technology             huge problem, and advanced technologies such as CCS are
       has the capability to retain efficient, affordable coal as a power-   helping coal power to meet the energy demand and global
       generating fuel in a carbon-constrained world. Deployment of          GreenHouse Gas (GHG) emission goals. CCS offers the usage
       CCS technology is among the most effective ways of reducing           of conventional fuel in the power generation mix but with 90%
       global carbon emissions despite the challenges it faces.              fewer emissions. Therefore, CCS arguably allows the retention
       Inadequate government funding, mainly due to the heavy                of coal power generation in a carbon-constrained world.
       investment costs, storage risks and other uncertainties have put
       many of the current CCS projects on hold. Public opposition,          CCS projects globally, so far, have shown to be a viable wide-
       due to the associated risks and the lack of general awareness         scale emissions control solution. There were 74 total CCS
       relating to this technology has also served as an obstacle to the     projects in 2011, with million tons of CO2 storage capacity
       deployment of CCS. However, despite these hurdles, many               globally. Of these, 14 projects are either in operation and/or
       CCS projects have so far shown positive results with the              under construction with a total capacity of CO2 storage
       potential to capture millions of tons of atmospheric CO2.             exceeding 33 million tons a year. The tables below show the
                                                                             presence of CCS technology worldwide. This is equivalent to
       3       Carbon Capture and Storage – An                               preventing the emissions from more than six million cars into
               Answer to Global Carbon Emission                              the atmosphere each year, indicating the contribution of CCS to
               Concerns                                                      reduce GHG emissions. The 14 CCS projects in the table below
                                                                             are either CO2 Enhanced Oil Recovery (EOR) related or based
       CCS technology – also referred to as Carbon Capture and               on gas processing, except the Illinois-ICCS project, which will
       Sequestration, is 
								
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