Research Team: Eleanor Ereira, Howard Herzog and Mort Webster
Sponsors: Carbon Sequestration Initiative
Summary:
The MIT Emissions Prediction Policy Analysis (EPPA) model is a general equilibrium model used to represent energy technologies under different policy scenarios. Carbon Capture and Sequestration (CCS) is one of the energy technologies modeled in EPPA, and this research is concerned with improving its representation and investigating its market penetration. The costs of CCS are being updated in EPPA to reflect the significant price increases over the past few years. A uniform method of calculating these costs across all technologies in EPPA is being developed to ensure consistency and direct comparability between technology options. To date, CCS technologies have been represented in EPPA as capturing 90% of CO2 emissions. This research includes adding flexibility to the capture efficiency, and develops partial capture (i.e. less than 90% capture) CCS technologies. This added flexibility will be used in a case study to examine whether partial capture technologies as a first step will speed up the deployment of CCS.
Publications:
Ereira, E., H. Herzog, and M. Webster, "Assessing Early Investments in Carbon Capture and Storage Technology under Uncertaintys," presented at the 10th International Conference on Greenhouse Gas Control Technologies, Amsterdam, The Netherlands, September (2010). <PDF>
Ereira, E.C., "Assessing Early Investments in Low Carbon Technologies under Uncertainty: The Case of Carbon Capture and Storage," M.I.T. Masters Thesis, June (2010). <PDF>
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Research