Carbon emissions reductions
This year, British home secretary Amber
Rudd committed the UK to the ‘fifth carbon budget’,
which binds the nation to a maximum CO2 output between the years
2028-2032 of 1,725 MtCO2e. Currently, it is thought by many that the
UK will not meet this target without substantial changes to energy policy. CCS has
a potential to account for 17% of necessary the nations carbon emissions reductions, and so would offer great support
for the British energy industry as it may mean that there wouldn’t be a need
for such a rapid switch to renewable energies which would inevitably be very
costly.
Storage potential
There appears to be a vast
storage potential for CO2 within the Earth, but due to the numerous
types of geological formations, the planet’s potential is difficult to
estimate. Scientist Udayan Singh reports on IPCC suggestions that there
may be the opportunity to store 2000Gt of CO2 within the planets
formations. Further investigations into this reveal that between 675-900 Gt of
CO2 could be stored into oil and gas fields, 1000-10,000 Gt of CO2
may be contained in saline formations and between 3-200 Gt of CO2
within coal beds. Udayan Singh importantly points out that in 2010, annual
global CO2 emissions were less than 34 Gt of CO2, thus
clearly demonstrating that the world can take confidence in this
environmental policy. In addition it is also important to note that as our
fossil fuel consumption increases, more space in geological formations for CO2
storage will become readily available.
Key carbon storage examples: UK
& India case studies
In terms of the UK’s personal
environmental policy, Jon Gibbins and Hannah Chalmers predict the UK offshore CO2
storage potential to be at least 20 Gt of CO2. This type of
formation alone could store the UK’s CO2 emissions for 40 years!
Fig. 1 - A geological map of India, showing the presence of basaltic rocks as well as highlighting regions of good, limited or fair storage potential https://hub.globalccsinstitute.com/publications/regional-assessment-potential-co2-storage-indian-subcontinent/22-potential-geological |
Another advantage which would result from storing CO2
within depleted oil and gas fields is that it will allow for the recovery of further oil and gas that was not
initially recovered for a variety of reasons, for example because it was not
initially economically viable. CO2 also has many industrial
purposes, and is used in pharmaceutical, fertilizer and beverage carbonation
industries (Udayan Singh).
These methods provide
further advantages, as pumping CO2 into oil fields can also help to
retrieve more fuels that were not recovered during initial oil exploration. This is due to the fact that CO2 injection reduces the viscosity of oil, thus improving the ability of oil to flow up boreholes to the surface.Whilst
in basalt formations, CO2 reacts with the basalt to form carbonate minerals, further adding to the stability of the formation.
Economic incentives
An interesting economic incentive to carbon
capturing is the emission trading mechanism, which limits a country to a
maximum volume of CO2 that can be emitted. However if a country to
reduce its emissions below the maximum amount, they would be able to use the CO2
as a commodity which they could then use in trading and thus generate profits
from. This offers yet another advantage for Less Economically Developed Countries,
who may not otherwise prioritise emission reductions due to their respective
financial situations.
Furthermore, the UK government reports that should CCS be fully implemented into power plants that produce electricity for domestic use, energy prices for citizens would decrease by up to £0.02 per Kilowatt hour (Kwh) by 2030 (fig.2). Correlating this to the whole UK population would show significant energy savings nationally.
Fig. 2 - A chart expressing future energy savings (in pence per Kwh) per year with CCS implementation. https://www.tuc.org.uk/sites/default/files/carboncapturebenefits.pdf |
Therefore one can conclude by realising that there is a great potential for CCS, with positive practical and economic aspects, what now needs to be decided is whether these positives outweigh negative issues, which will be talked about in the next blog post.
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