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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The Environmental and Economic Sustainability of Carbon Capture and Storage
Thousands of kilometres of CO 2 pipeline systems have been laid and operated, much of it associated with dedicated enhanced oil recovery operations. With rising energy costs and the increasing likelihood of rising carbon costs, each of the cases assessed delivers increasing overall economic benefits to society.
The analysis was conducted over a year planning horizon, matching the estimated useful life of the facility. Under base conditions, assuming social 3. CO2 is removed from the gas stream and piped about km back to the field for injection through a dedicated econpmic.
Reductions in emissions will be required in a wide range of sectors, including from land-use changes forest clearing and agricultural practicesbuilding design and operation, transport, and notably electrical power generation [ 3 ].
In this analysis, a environental 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.
See what’s been added to the collection in the current 1 2 3 4 5 6 weeks months years. Central combined cycle power, best-in-class, electric motor compressor drives in liquefaction trains.
Case studies Management of produced water in the oil and gas industry in the Middle East Management of wastewater in a water utility in Australia Power generation and carbon management in an energy utility in Australia Remediation of contaminated gas works in the UK Energy savings and carbon management in heavy oil processing Ultimately, the solutions to problems of the 21st century will come from understanding the tremendous value that the environment provides, and reflecting that value within decision-making at every level so that suatainability as a whole thrives.
Transport of CO 2 overland by pipeline was assumed. Cases which result in a net overall positive benefit to society as a whole including the operatorwithin the limits of the study in this case LNG production only, not including other parts of the Econonic life-cycle are deemed economic and sustainable. Maximum injection is planned for 20 Mt, with 8 Mt injected to date.
The valuation of these additional atmospheric benefits is discussed in more detail in the following example. The ranges of values for key parameters for this assessment are presented in Table 6. Firms of all kinds must seek to maximise profit so that they can remain in business and deliver shareholder returns. Offshore disposal into a depleted natural gas field would also reduce concerns over external costs associated with possible long term leakage of CO 2 from the reservoir. However, until an effective price on carbon exists, operators have no financial incentive to deploy CCS.
The geo-sequestration element of CCS is the least well-developed of the three components, but nevertheless the petroleum and waste management industries have decades of experience in injecting fluids of all types into geological formations for long-term storage.
Environmental and Economic Sustainability – Paul E. Hardisty – Google Books
The cost savings of being carbon capture ready with a relatively minimal pre-investment costcompared to having to retrofit a plant that is not capture ready, are significant. We provide a free online form to document your learning and a certificate for your records.
The longer one waits to undertake the retrofit, the less the option is worth, as one approaches the end of life of the facility retrofitting in leaves only one year of carbon cost savings to recoup the investment.
Based on more than fifteen years of research and practice, Environmental and Economic Sustainability introduces the environmental and economic sustainability assessment EESAa new way to make decisions that meets the challenges of the 21 st century.
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.
Contaminated Sites and Waste. This analysis, for a real facility, using technology available now, shows that under present policy positions, retrofitting existing coal-fired power stations is a not financially viable proposition for operators. In some jurisdictions, there is the possibility that CCS will be required, by law, policy or regulation. Stern [ 6 ]. Fuel gas savings are the most significant contributor to the positive economics of Case 8, far exceeding the financial costs of achieving them.
Any of these eventualities could generate significant external social and environmental costs. Environmental and economic sustainability. Installation of the CO 2 capture system and compression at the plant will require an area of about 3, m 2 for the smaller option, and 4, m 2 for the larger capacity option.
Can I get a copy? Never before has the quest to balance the needs of people, the environment, and the economy been so important. If we must retrofit, retrofitting a capture ready plant is a significantly more economic proposition than retrofitting a carbon capture ignorant plant. In particular, our ability to retrofit existing coal-fired power plants, and to retro-fit other types of high-emission facilities with post-combustion capture, will be essential if we are to meet desired atmospheric stabilisation targets.
Background—Technology, Policy, Economics Carbon capture and storage CCS is one of a host of technical solutions that are currently available for reducing global emissions of greenhouse gases GHG to the atmosphere, and thus curb the longer term effects of anthropogenic climate change. The Economics of Climate Change: CCS is one of the more expensive and technically challenging carbon emissions abatement options available, and CCS must first and foremost be considered in the context of the other things that can be done to reduce emissions, as a part of an overall optimally efficient, sustainable and economic mitigation plan.
Assumptions for key parameters. From 25 December to 1 Januarythe Library’s Reading Rooms will be closed and no collection requests will be filled. Author information Article notes Copyright and License information Disclaimer. Management of produced water in the oil and gas industry in the Middle East Management of wastewater in a water utility in Australia Power generation and carbon management in an energy utility in Australia Remediation of contaminated gas works in the UK Energy savings and carbon management in heavy oil processing.
By definition, sustainability is concerned with the future, which is inherently uncertain. Browse titles authors subjects uniform titles series callnumbers dewey numbers starting from optional. 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 to reduce GHG emissions worldwide.
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 truly sustainable mitigation.