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The Future of Carbon Capture and Storage
Research Reports International, Jan 2008, Pages: 57
The 3rd Edition of Research Reports International's The Future of Carbon Capture and Storage report is a 55-page overview of the opportunities for carbon capture and storage (CCS) to reduce greenhouse gas (GHG) emissions.
A global consensus has formed on the need for government intervention to reduce GHGs, particularly carbon dioxide (CO2), in order to fight the potentially disastrous impacts of climate change. This will have a huge impact on the energy industry, one of the leading sources of GHG emissions. While there is some potential for switching to carbon-free methods of generation, it is likely that coal and natural gas will be a part of the generation mix for a long time. This means that methods of reducing the CO2 produced by power generation must be developed.
CCS is one way in which carbon emissions can be reduced and there is a need for members of the industry to understand the technology of CCS, the role it can play in helping generators succeed in a carbon constrained environment, and the impact that its implementation will have on generation costs.
The report aims to provide the reader with a thorough understanding of CCS and how it serves as a GHG mitigation option. It also aims to provide a look at the options that exist to implement CCS and the current programs underway to develop and implement CCS technology. The report focuses specifically on the needs of the electric power industry as they relate to CCS, providing the information necessary for industry participants to start moving forward with participation in CCS opportunities. This report will be of interest to the utility industry, power plant developers, and generation technology vendors. It will also be of interest to energy industry vendors, academics, consultants, and analysts.
The scope of the report is to provide an understanding of the current global concern over climate change. This is accomplished by describing what climate change is, identifying the factors causing it to occur, evaluating its impact on society, and discussing what is being done to counteract it. One of the major methods for counteracting climate change is through a reduction of GHGs in the form of carbon sequestration, mainly through CCS. The report defines what CCS is, evaluates the safety of storing CO2, identifies current uses of CCS, and evaluates the potential of CCS.
The specific focus of the report then shifts to a discussion of the technologies associated with CCS, comparing and contrasting the various options for implementing the steps in the CCS process. The economics of CCS are then evaluated to identify major factors that impact them, as well as to provide a range of costs for implementation and operation of CCS.
Finally, the report identifies the major efforts being undertaken by both government and industry to promote CCS. Each initiative is described in terms of objective, participants, activities, and results.
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