Thomas J.P. Hersbach , Michael D. Mastrandrea , Michael W. Wara
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引用次数: 0
Abstract
To fully decarbonize electricity generation, there is a need to meet electricity demand at times of low solar and wind availability. Natural gas combined cycle (NGCC) generation with carbon capture and storage (CCS) that reduces power plant CO2 emissions is one technology proposed for this purpose. However, CCS does not capture all power plant CO2 emissions and does not address methane emissions that occur upstream of NGCC power plants. Furthermore, the cost of CCS is often not evaluated at capacity factors that represent likely use cases of NGCC power plants in low-carbon grids. Therefore, we evaluate the effect of uncaptured fugitive methane emissions on the climate benefits of CCS and the role of NGCC capacity factors on the economics of CCS. Accounting for time- and region-dependent methane leakage, we find that CCS reduces system-level greenhouse gas emissions between 21 % and 88 %, with remaining climate impacts being primarily due to uncaptured methane emissions. At average United States methane leakage rates of 2.95 %, CCS reduces system-level greenhouse gas emissions by 47–71 %. In addition, we estimate that CCS-related capital and operating expenditures only make CCS cost-effective at high capacity factors and in the presence of financial supports such as the California cap-and-trade program and United States 45Q tax credits. These findings highlight significant technical and economic challenges of using NGCC with CCS to achieve full grid decarbonization.
Electricity JournalBusiness, Management and Accounting-Business and International Management
CiteScore
5.80
自引率
0.00%
发文量
95
审稿时长
31 days
期刊介绍:
The Electricity Journal is the leading journal in electric power policy. The journal deals primarily with fuel diversity and the energy mix needed for optimal energy market performance, and therefore covers the full spectrum of energy, from coal, nuclear, natural gas and oil, to renewable energy sources including hydro, solar, geothermal and wind power. Recently, the journal has been publishing in emerging areas including energy storage, microgrid strategies, dynamic pricing, cyber security, climate change, cap and trade, distributed generation, net metering, transmission and generation market dynamics. The Electricity Journal aims to bring together the most thoughtful and influential thinkers globally from across industry, practitioners, government, policymakers and academia. The Editorial Advisory Board is comprised of electric industry thought leaders who have served as regulators, consultants, litigators, and market advocates. Their collective experience helps ensure that the most relevant and thought-provoking issues are presented to our readers, and helps navigate the emerging shape and design of the electricity/energy industry.