Carbon capture and storage (CCS) is a competitive power sector emissions abatement tool when compared to other low-carbon technologies, a new study has found.
The Costs of CCS and Other Low-Carbon Technologies, released recently by the Global CCS Institute, finds that hydropower and onshore wind are among the least-cost technologies for reducing emissions from the power sector.
“Once these ‘low hanging fruit’ options are exploited, and in countries where these technologies are not an option, CCS becomes a very competitive option,” said Barry Jones, General Manager for Policy and Membership at the Institute.
“CCS is in fact a very important part of a broader portfolio approach to addressing climate change,” he said. “The technology’s role in a global clean energy future cannot be underestimated, given that CCS can reduce emissions from power plants by as much as 90%.”
The study finds that the cost of mitigating, or avoiding, CO2 emissions for a coal-fired power plant fitted with CCS technology ranges from US$23-92 per tonne of CO2.
This is compared to an avoided CO2 cost of US$90-176/tonne for offshore wind, US$139- 201/tonne for solar thermal and even more for solar PV.
The full study can be found at http://www.globalccsinstitute.com/publications/costs-ccs-and-other-low-carbon-technologies
CompactGTL plc, has announced via a news release that it has entered into an agreement with Fluor Limited, the UK operating division of US headquartered Fluor Corporation.
Month on month, the gasworld website is the market-leading news portal for the global industrial gas sector, growing at an unprecedented rate and keeping its readers at the forefront of breaking news, insightful analysis and must-see features across the industry. Launched in 2004 and continually evolving, it is the only independent online news, views and intelligence portal for the global industrial gas community and the larger end-user markets – and home to the ever-increasing range of gasworld platforms.
To find out more about gasworld's advertising opportunities click here.