Skip to main content

2012 | OriginalPaper | Buchkapitel

Modeling the Costs of Carbon Capture

verfasst von : Erin Baker, Gregory Nemet, Peter Rasmussen

Erschienen in: Handbook of CO₂ in Power Systems

Verlag: Springer Berlin Heidelberg

Aktivieren Sie unsere intelligente Suche, um passende Fachinhalte oder Patente zu finden.

search-config
loading …

Abstract

This paper explores the fundamental concepts required to model intertemporal carbon capture costs. A technical overview of post-combustion, pre-combustion, and alternative combustion carbon capture technologies is followed by a discussion of cost measures that allow for side-by-side comparison of one technology to the next. Carbon capture cost measures include capital cost per unit output power, levelized electricity cost (LEC) and CO2 avoidance cost. The relationships between these cost measures are mathematically explored and cost data for several carbon capture technologies obtained from a survey of the literature are provided. We then discuss the most significant drivers of intertemporal carbon capture cost reduction, which include learning by doing (LBD), production returns to scale and research and development (R&D).

Sie haben noch keine Lizenz? Dann Informieren Sie sich jetzt über unsere Produkte:

Springer Professional "Wirtschaft+Technik"

Online-Abonnement

Mit Springer Professional "Wirtschaft+Technik" erhalten Sie Zugriff auf:

  • über 102.000 Bücher
  • über 537 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Maschinenbau + Werkstoffe
  • Versicherung + Risiko

Jetzt Wissensvorsprung sichern!

Springer Professional "Technik"

Online-Abonnement

Mit Springer Professional "Technik" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 390 Zeitschriften

aus folgenden Fachgebieten:

  • Automobil + Motoren
  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Elektrotechnik + Elektronik
  • Energie + Nachhaltigkeit
  • Maschinenbau + Werkstoffe




 

Jetzt Wissensvorsprung sichern!

Springer Professional "Wirtschaft"

Online-Abonnement

Mit Springer Professional "Wirtschaft" erhalten Sie Zugriff auf:

  • über 67.000 Bücher
  • über 340 Zeitschriften

aus folgenden Fachgebieten:

  • Bauwesen + Immobilien
  • Business IT + Informatik
  • Finance + Banking
  • Management + Führung
  • Marketing + Vertrieb
  • Versicherung + Risiko




Jetzt Wissensvorsprung sichern!

Fußnoten
1
The mean LEC add corresponding to the lowest levelized baseline cost LEC base was calculated by (1) selecting the lowest LEC base in 2009 USD, (2) subtracting the lowest LEC base from each estimate’s LEC capture to generate a new LEC add for each estimate, and (3) averaging across the new LEC add values to calculate the mean LEC add corresponding to the lowest LEC base . The mean CO2 avoidance cost C a corresponding to the lowest LEC base can be calculated by simply multiplying the original mean C a by the ratio of the new LEC add over the original LEC add .
 
2
Knowledge spillovers are especially important in firm-level analyses of technical change. The latter two categories are typically addressed by depreciating the value of experience over time [21].
 
3
The carbon tax is assumed to impact the private sector incentive to innovate; but does not impact the increase in LEC directly.
 
4
These estimates of LEC only include additional cost of capture and compression, but exclude the cost of geologic storage. They are presented only for comparison purposes. The actual LEC may vary by fuel type, sequestration method and distance, and changes in carbon price and demand for fuel. The estimates presented here assume zero carbon price and a baseline coal price of $1.7/GJ of primary energy. The detailed assumptions and calculations are available in Baker et al. [40].
 
5
Reprinted from Baker et al. [40].
 
6
Assuming 0.018 t of carbon per kWh.
 
Literatur
1.
Zurück zum Zitat Energy Information Administration (2009) International energy outlook. Technical report, U.S. Department of Energy Energy Information Administration (2009) International energy outlook. Technical report, U.S. Department of Energy
2.
Zurück zum Zitat Energy Information Administration (2006) Independent statistics and analysis: international electricity generation. U.S. Department of Energy Energy Information Administration (2006) Independent statistics and analysis: international electricity generation. U.S. Department of Energy
3.
Zurück zum Zitat Katzer J, Moniz EJ, Deutch J, Ansolabehere S, Beer J (2007) The future of coal: options for a carbon-constrained world. Technical report, Massachusetts Institute of Technology, Cambridge, MA Katzer J, Moniz EJ, Deutch J, Ansolabehere S, Beer J (2007) The future of coal: options for a carbon-constrained world. Technical report, Massachusetts Institute of Technology, Cambridge, MA
4.
Zurück zum Zitat Cormos C, Starr F, Tzimas E (2010) Use of lower grade coals in IGCC plants with carbon capture for the co-production of hydrogen and electricity. Int J Hydrogen Energy 35:556–567CrossRef Cormos C, Starr F, Tzimas E (2010) Use of lower grade coals in IGCC plants with carbon capture for the co-production of hydrogen and electricity. Int J Hydrogen Energy 35:556–567CrossRef
5.
Zurück zum Zitat Carbo MC (2008/2009) Staged water-gas shift configuration: key to efficiency penalty reduction during pre combustion decarbonisation in IGCC. Energy Procedia 1(1):16–20 Carbo MC (2008/2009) Staged water-gas shift configuration: key to efficiency penalty reduction during pre combustion decarbonisation in IGCC. Energy Procedia 1(1):16–20
6.
Zurück zum Zitat Esber GS III (2006) Carbon dioxide capture technology for the coal-powered electricity industry: a systematic prioritization of research needs. Master’s thesis, Massachusetts Institute of Technology Esber GS III (2006) Carbon dioxide capture technology for the coal-powered electricity industry: a systematic prioritization of research needs. Master’s thesis, Massachusetts Institute of Technology
7.
Zurück zum Zitat Heintz YJ, Sehabigue L, Morsi BI, Jones KL, Pennline HW (2008) Novel physical solvents for CO2 capture from fuel gas streams at elevated pressures and temperatures. Energy Fuel 22:3824–3837CrossRef Heintz YJ, Sehabigue L, Morsi BI, Jones KL, Pennline HW (2008) Novel physical solvents for CO2 capture from fuel gas streams at elevated pressures and temperatures. Energy Fuel 22:3824–3837CrossRef
8.
Zurück zum Zitat Al Juaied MA, Whitmore A (2009) Realistic costs of carbon capture discussion paper. Technical report, Belfer Center for Science and International Affairs, Cambridge, MA Al Juaied MA, Whitmore A (2009) Realistic costs of carbon capture discussion paper. Technical report, Belfer Center for Science and International Affairs, Cambridge, MA
9.
Zurück zum Zitat Haines MR, Davison JE (2009) Designing carbon capture power plants to assist in meeting peak power demand. Energy Procedia 1:1457–1464CrossRef Haines MR, Davison JE (2009) Designing carbon capture power plants to assist in meeting peak power demand. Energy Procedia 1:1457–1464CrossRef
10.
Zurück zum Zitat Mattisson T, Lyngfelt A, Leion H (2009) Designing carbon capture power plants to assist in meeting peak power demand. Int J Greenhouse Gas Control 3:11–19CrossRef Mattisson T, Lyngfelt A, Leion H (2009) Designing carbon capture power plants to assist in meeting peak power demand. Int J Greenhouse Gas Control 3:11–19CrossRef
11.
Zurück zum Zitat Terry F. Wal (2007) Combustion processes for carbon capture. In: Proceedings of the Combustion Institute, doi:10.1016/j.proci.2006.08.123 Terry F. Wal (2007) Combustion processes for carbon capture. In: Proceedings of the Combustion Institute, doi:10.1016/j.proci.2006.08.123
12.
Zurück zum Zitat Metz B, Davidson O, de Coninck HC, Loos M, Meyer LA (eds) (2005) IPCC special report on carbon dioxide capture and storage. Cambridge University Press, Cambridge Metz B, Davidson O, de Coninck HC, Loos M, Meyer LA (eds) (2005) IPCC special report on carbon dioxide capture and storage. Cambridge University Press, Cambridge
13.
Zurück zum Zitat Gallagher KS (2009) Key opportunities for U.S. China cooperation on coal and CCS. Technical report, Brookings Institution Gallagher KS (2009) Key opportunities for U.S. China cooperation on coal and CCS. Technical report, Brookings Institution
14.
Zurück zum Zitat Rubin ES, Yeh S, Antes M, Berkenpas M, Davison J (2007) Use of experience curves to estimate the future cost of power plants with CO2 capture. Int J Greenhouse Gas Control 1(2):188–197CrossRef Rubin ES, Yeh S, Antes M, Berkenpas M, Davison J (2007) Use of experience curves to estimate the future cost of power plants with CO2 capture. Int J Greenhouse Gas Control 1(2):188–197CrossRef
15.
Zurück zum Zitat Kerr T (ed) (2008) CO2 capture and storage: a key carbon abatement option. OECD/IEA, Paris. ISBN 978-92-64-041400 Kerr T (ed) (2008) CO2 capture and storage: a key carbon abatement option. OECD/IEA, Paris. ISBN 978-92-64-041400
16.
Zurück zum Zitat Rubin ES, Chen C, Rao AB (2007) Cost and performance of fossil fuel power plants with CO2 capture and storage. Energy Policy 35:4444–4454CrossRef Rubin ES, Chen C, Rao AB (2007) Cost and performance of fossil fuel power plants with CO2 capture and storage. Energy Policy 35:4444–4454CrossRef
17.
Zurück zum Zitat Wright TP (1936) Factors affecting the costs of airplanes. J Aeronaut Sci 3:122–128 Wright TP (1936) Factors affecting the costs of airplanes. J Aeronaut Sci 3:122–128
18.
Zurück zum Zitat Arrow KJ (1962) The economic implications of learning-by-doing. Rev Econ Stud 29:155–173CrossRef Arrow KJ (1962) The economic implications of learning-by-doing. Rev Econ Stud 29:155–173CrossRef
19.
Zurück zum Zitat Dutton JM, Thomas A (1984) Treating progress functions as a managerial opportunity. Acad Manage Rev 9(2):235–247 Dutton JM, Thomas A (1984) Treating progress functions as a managerial opportunity. Acad Manage Rev 9(2):235–247
20.
Zurück zum Zitat Argote L, Epple D (1990) Learning curves in manufacturing. Science 247(4945):920–924CrossRef Argote L, Epple D (1990) Learning curves in manufacturing. Science 247(4945):920–924CrossRef
21.
Zurück zum Zitat Thompson P (2007) How much did the liberty shipbuilders forget? Manag Sci 53(6):908–918CrossRef Thompson P (2007) How much did the liberty shipbuilders forget? Manag Sci 53(6):908–918CrossRef
22.
Zurück zum Zitat Arrow K (1962) Economic welfare and the allocation of resources from invention. In: Nelson R (ed) The rate and direction of innovative activity. Princeton University Press, Princeton Arrow K (1962) Economic welfare and the allocation of resources from invention. In: Nelson R (ed) The rate and direction of innovative activity. Princeton University Press, Princeton
23.
Zurück zum Zitat Bielicki J (2008) Returns to scale in carbon capture and storage infrastructure and deployment. Technical report, Energy Technology Innovation Policy research group, Belfer Center for Science and International Affairs Bielicki J (2008) Returns to scale in carbon capture and storage infrastructure and deployment. Technical report, Energy Technology Innovation Policy research group, Belfer Center for Science and International Affairs
24.
Zurück zum Zitat McDonald A, Schrattenholzer L (2001) Learning rates for energy technologies. Energy Policy 29:255–261CrossRef McDonald A, Schrattenholzer L (2001) Learning rates for energy technologies. Energy Policy 29:255–261CrossRef
25.
Zurück zum Zitat Taylor MR, Rubin ES, Hounshell DA (2005) Control of SO2 emissions from power plants: a case of induced technological innovation in the U.S. Technol Forecast Soc Change 72(6):697–718CrossRef Taylor MR, Rubin ES, Hounshell DA (2005) Control of SO2 emissions from power plants: a case of induced technological innovation in the U.S. Technol Forecast Soc Change 72(6):697–718CrossRef
26.
Zurück zum Zitat Taylor MR, Nemet GF (2006) The interaction between policy and innovation in clean energy technologies. In: USAEE/IAEE/ASSA meetings: current issues in energy economics and energy modeling, Boston Taylor MR, Nemet GF (2006) The interaction between policy and innovation in clean energy technologies. In: USAEE/IAEE/ASSA meetings: current issues in energy economics and energy modeling, Boston
27.
Zurück zum Zitat Nemet G (2007) Policy and innovation in low-carbon energy technologies. Ph.D. dissertation, University of California Nemet G (2007) Policy and innovation in low-carbon energy technologies. Ph.D. dissertation, University of California
28.
Zurück zum Zitat Yeh S, Rubin ES (2007) A centurial history of technological change and learning curves for pulverized coal-fired utility boilers. Energy 32(10):1996–2005CrossRef Yeh S, Rubin ES (2007) A centurial history of technological change and learning curves for pulverized coal-fired utility boilers. Energy 32(10):1996–2005CrossRef
29.
Zurück zum Zitat van den Broek M, Hoefnagels R, Rubin E, Turkenburg W, Faaij A (2009) Effects of technological learning on future cost and performance of power plants with CO2 capture. Prog Energy Combust Sci 35(6):457–480. ISI document delivery no.: 523KV van den Broek M, Hoefnagels R, Rubin E, Turkenburg W, Faaij A (2009) Effects of technological learning on future cost and performance of power plants with CO2 capture. Prog Energy Combust Sci 35(6):457–480. ISI document delivery no.: 523KV
30.
Zurück zum Zitat Nemet GF (2009) Interim monitoring of cost dynamics for publicly supported energy technologies. Energy Policy 37(3):825–835CrossRef Nemet GF (2009) Interim monitoring of cost dynamics for publicly supported energy technologies. Energy Policy 37(3):825–835CrossRef
31.
Zurück zum Zitat Sinclair G, Klepper S, Cohen W (2000) Sources of cost reduction in a large specialty chemicals producer. Manag Sci 46(1):28–45CrossRef Sinclair G, Klepper S, Cohen W (2000) Sources of cost reduction in a large specialty chemicals producer. Manag Sci 46(1):28–45CrossRef
32.
Zurück zum Zitat Remer DS, Chai LH (1990) Design cost factors for scaling-up engineering equipment. Chem Eng Prog 86(8):77–82 Remer DS, Chai LH (1990) Design cost factors for scaling-up engineering equipment. Chem Eng Prog 86(8):77–82
33.
Zurück zum Zitat Nemet GF, Baker E (2009) Demand subsidies versus R&D: comparing the uncertain impacts of policy on a pre-commercial low-carbon energy technology. Energy J 30:49–80 Nemet GF, Baker E (2009) Demand subsidies versus R&D: comparing the uncertain impacts of policy on a pre-commercial low-carbon energy technology. Energy J 30:49–80
34.
Zurück zum Zitat Rosenberg N (1982) Inside the black box: technology and economics. Cambridge University Press, Cambridge, MA Rosenberg N (1982) Inside the black box: technology and economics. Cambridge University Press, Cambridge, MA
35.
Zurück zum Zitat Clarke L, Kyle P, Wise MA, Calvin K, Edmonds JA, Kim SH, Placet M, Smith S (2008) CO2 emissions mitigation and technological advance: an updated analysis of advanced technology scenarios. Technical report PNNL-18075, Pacific Northwest National Laboratory Clarke L, Kyle P, Wise MA, Calvin K, Edmonds JA, Kim SH, Placet M, Smith S (2008) CO2 emissions mitigation and technological advance: an updated analysis of advanced technology scenarios. Technical report PNNL-18075, Pacific Northwest National Laboratory
37.
Zurück zum Zitat Clemen RT, Kwit RC (2001) The value of decision analysis at Eastman Kodak Company, 1990–1999. Interfaces 31:74–92 Clemen RT, Kwit RC (2001) The value of decision analysis at Eastman Kodak Company, 1990–1999. Interfaces 31:74–92
38.
Zurück zum Zitat Peerenboom JP, Buehring WA, Joseph TW (1989) Selecting a portfolio of environmental programs for a synthetic fuels facility. Oper Res 37:689–699CrossRef Peerenboom JP, Buehring WA, Joseph TW (1989) Selecting a portfolio of environmental programs for a synthetic fuels facility. Oper Res 37:689–699CrossRef
39.
Zurück zum Zitat Sharpe P, Keelin T (1998) How SmithKline Beecham makes better resource-allocation decisions. Harv Bus Rev 76:45–57 Sharpe P, Keelin T (1998) How SmithKline Beecham makes better resource-allocation decisions. Harv Bus Rev 76:45–57
40.
Zurück zum Zitat Baker E, Chon H, Keisler J (2009) Carbon capture and storage: combining expert elicitations with economic analysis to inform climate policy. Clim Chang 96(3):379CrossRef Baker E, Chon H, Keisler J (2009) Carbon capture and storage: combining expert elicitations with economic analysis to inform climate policy. Clim Chang 96(3):379CrossRef
42.
Zurück zum Zitat Rao AB, Rubin ES, Keith DW, Morgan MG (2006) Evaluation of potential cost reductions from improved amine-based CO2 capture systems. Energy Policy 34:3765–3772CrossRef Rao AB, Rubin ES, Keith DW, Morgan MG (2006) Evaluation of potential cost reductions from improved amine-based CO2 capture systems. Energy Policy 34:3765–3772CrossRef
Metadaten
Titel
Modeling the Costs of Carbon Capture
verfasst von
Erin Baker
Gregory Nemet
Peter Rasmussen
Copyright-Jahr
2012
Verlag
Springer Berlin Heidelberg
DOI
https://doi.org/10.1007/978-3-642-27431-2_16

Premium Partner