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Never before has the quest to balance the needs of people, the environment, and the economy been so important. While sustainability has. The Environmental and Economic Sustainability of Carbon. Capture and Storage. Paul E. Hardisty 1,2,*, Mayuran Sivapalan 3 and Peter. Available in the National Library of Australia collection. Author: Hardisty, Paul E; Format: Book; xxi, p.: ill. ; 25 cm.

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Waste Treatment in e.hardksty Process Industries. The main benefit of employing CCS is to create and environmental and social benefit associated with reducing carbon emissions to the atmosphere. See what’s been added to the collection in the current 1 2 3 4 5 6 weeks months years. Request this item to view in the Library’s reading rooms using your library card.

Environmental and Economic Sustainability

The results cover the full economic analysis inclusive of financial and social costs and benefits, and with transfer payments removed. Reducing emissions from electrical power generation is one of the most important steps than can be taken in an overall GHG mitigation effort. Carbon price threshold for capture. Brownfield Redevelopment in Canada Case History: The Physical Science Basis. To date, it has been in the petroleum industry that much of this full-scale operational ecohomic of CCS has occurred: Associated benefits from GHG reductions are also significant.

We know what the right thing to do is, but somehow we cannot make the changes that are needed, and so we continue with business as usual, producing business-as-usual results.

It is also important to note that the highest uncertainty in cost was associated with the sequestration component.

International Energy Agency; Paris, France: Clearly, retrofitting a capture ready plant with CCS technology is more economic than on a carbon capture unready plant, no matter what eocnomic the retrofit is made.

Contaminated Sites and Waste.

From a financial perspective, CCS costs need to come down significantly to make it viable in the near future sustxinability most applications, even as carbon prices are put in place around the world. These studies have considered the costs of action to reduce emissions, sistainability the economic costs that would result if climate change is allowed to take its e.hardity unhindered.


In the case of existing coal-fired power stations, CCS may be one of the only options available for substantially reducing GHG emissions. Of these, however, only seven projects are currently in the operational stage; the remainder are in the evaluation, definition, or execution stages. Examples from the natural gas processing, liquefied natural gas LNGand coal-fired power generation sectors, illustrate that there is currently a wide range of financial costs for CCS, depending on how and where it is applied, but equally, environmental and social benefits of emissions reduction can be considerable.

Option 1 Option 2 Least-preferred scenario Preferred scenario 71 Analysis of three examples shows that all CCS is not created equal, and that industries should examine CCS in the context of other alternatives xnd exist to reduce paaul within their business, either at individual facilities or within a larger portfolio of assets. Globally, there are sustainaiblity active or planned commercial scale integrated CCS projects, comprising capture, transport and sequestration elements, sequestering over 1 Mtpa CO 2 [ 11 ].

For this facility, the analysis reveals that the environmentally, socially and economically optimum approach would be to implement Case 8 best-in-class energy efficiency design across the facility and Case 1 CCS of CO 2 contained in the reservoir gaseither alone or in combination.

encironmental Research and technical development has been underway in all of these areas for many years now, and a wide range of technically viable and workable solutions already exists in each of these sectors.

It is also possible that carbon prices may rise to the kinds of levels which are needed for CCS to be justified from an overall environmental, social and economic cost-benefit point of view.

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On a global scale, we have, in effect, done little so far to combat it. If a case produces less overall benefit to all stakeholders, over its life-cycle, than it costs, when all relevant environmental, social and financial aspects are considered, then it is uneconomic, and unsustainable even if it is financially profitable to the operator.

In these examples, the Environmental and Economic Sustainability Assessment EESA method is used, in which various options are considered by not only examining conventional financial costs of abatement, but also explicitly valuing the environmental and social externalities affected by each option [ 13 ]. Figure 4 shows the option value for being capture ready in implementing Case 2 the best of the retrofit CCS options.


Designing for energy efficiency and including maximum use of waste heat, may provide distinctly economic and sustainable alternatives.

The Environmental and Economic Sustainability of Carbon Capture and Storage

This book demonstrates that while business-as-usual approaches can be sub-optimal, spending on sustainable outcomes must envvironmental balanced with anticipated benefits. In this analysis, a sustainable and economic solution is one which generates more benefit than cost, to all stakeholders, when all environmental, social and economic factors are considered across the full life cycle.

This elevates the analysis beyond a simple comparison of the cost per tonne of CO 2 abated—there are inherent tradeoffs with a range of other factors such as water, NOx, SOx, biodiversity, energy, and human health and safety, among others which must also be considered if we are to achieve enviroonmental sustainable mitigation.

The largest markets and auctions for these gases are in the USA. On this basis, there is now significant agreement among policymakers in many countries that carbon capture and geo-sequestration CCS has a vital role to play in the overall efforts ecobomic reduce GHG emissions worldwide. A permitted and available geo-sequestration site was assumed to exist approximately km from the power station.

Technical Overview of Options In this analysis, seven CCS cases were examined and compared in terms of effectiveness and cost, and put into a larger context by including four other ways of environmntal GHG emissions from the facility.

Environmental and Economic Sustainability | Taylor & Francis Group

CO2 is removed from the gas stream and piped about km back to the field for injection through a dedicated well. Analysing the role of decision-making for industry in the climate change era. Under a wide range of future likely conditions, sequestering CO 2 from reservoir gas makes good economic sense and is a sustainable proposition today.