气候变化领域集成服务门户(CCPortal): Leveraging scale economies and policy incentives: Carbon capture, utilization & storage in Gulf clusters

CCPortal

DOI	10.1016/j.enpol.2021.112452
	Leveraging scale economies and policy incentives: Carbon capture, utilization & storage in Gulf clusters
	Waxman A.R.; Corcoran S.; Robison A.; Leibowicz B.D.; Olmstead S.
发表日期	2021
ISSN	03014215
卷号	156
英文摘要	Carbon capture, utilization and storage (CCUS) represents a set of technologies essential to meeting ambitious mid-to late-century decarbonization goals. Yet deployment of CCUS has been slow, with fewer than 20 large-scale facilities operating worldwide in 2019. We estimate the total and marginal cost of constructing and operating new CCUS facilities and associated infrastructure to reduce carbon dioxide (CO2) emissions from current and planned industrial facilities on the Texas and Louisiana Gulf Coast. We compare these cost estimates to scheduled CCUS tax incentives through 2026 under section 45Q of the U.S. Internal Revenue Code to quantify cost-effective emissions abatement. Our analysis measures the cost-reducing potential of economies of scale in regional CO2 pipeline networks. We also compare CCUS costs to one measure of the benefits of carbon capture, the social cost of carbon. Results suggest that U.S. federal tax incentives currently in place through 2026 could justify between 3.3 million and 77.6 million tons of annual CCUS in the Gulf region, depending on the choice of storage technology and the degree of pipeline network coordination. Finally, we highlight several potential policy barriers that may explain low adoption of CCUS in the Gulf Region and elsewhere. © 2021 Elsevier Ltd
关键词	45Q tax incentive Carbon capture Climate change mitigation Cost-effectiveness Industrial emissions Marginal abatement cost
英文关键词	Carbon capture; Carbon dioxide; Climate change; Cost benefit analysis; Cost estimating; Cost reduction; Industrial emissions; Pipelines; Taxation; 45q tax incentive; Carbon storage; Carbon utilization; Climate change mitigation; Gulf region; Marginal abatement costs; Pipeline networks; Policy incentives; Scale economies; Tax incentive; Cost effectiveness
语种	英语
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/205398
作者单位	Lyndon Baines Johnson School of Public Affairs, University of Texas at Austin, Austin, TX, United States; Jackson School of Geosciences, University of Texas at Austin, Austin, TX, United States; Operations Research and Industrial Engineering, University of Texas at Austin, Austin, TX, United States; Resources for the Future, Washington, DC, United States
推荐引用方式 GB/T 7714	Waxman A.R.,Corcoran S.,Robison A.,et al. Leveraging scale economies and policy incentives: Carbon capture, utilization & storage in Gulf clusters[J],2021,156.
APA	Waxman A.R.,Corcoran S.,Robison A.,Leibowicz B.D.,&Olmstead S..(2021).Leveraging scale economies and policy incentives: Carbon capture, utilization & storage in Gulf clusters.Energy Policy,156.
MLA	Waxman A.R.,et al."Leveraging scale economies and policy incentives: Carbon capture, utilization & storage in Gulf clusters".Energy Policy 156(2021).