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Determining the Success of Carbon Capture and Storage Projects

Author

Listed:
  • Dominique Thronicker

    (Division of Economics, University of Stirling)

  • Ian Lange

    (Division of Economics and Business, Colorado School of Mines)

Abstract
Carbon Capture and Storage (CCS) is regarded as one of the most important technologies to mitigate climate change while providing fossil-fuel based energy security. During the past decade, projects in support of the development and deployment of the technology have been initiated across the globe. However, a considerable number of these projects have later been put on hold or cancelled. Currently, there is little understanding of what characteristics may have led to these undesirable outcomes. Using data on planned, cancelled and operational CCS projects to date, this paper aims to elicit technological, economic and policy characteristics that render CCS projects more or less likely to become operational. The results consistently find that confirmation of storage site and capture processes that are pre-combustion, industrial separation, or natural gas separation increase the probability of project success, while presence of a carbon policy and non-commercial storage of CO2 are negatively linked to project success.

Suggested Citation

  • Dominique Thronicker & Ian Lange, 2014. "Determining the Success of Carbon Capture and Storage Projects," Working Papers 2014-14, Colorado School of Mines, Division of Economics and Business.
    • Handle: RePEc:mns:wpaper:wp201414
    as

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    File URL: http://econbus-papers.mines.edu/working-papers/wp201414.pdf
    File Function: First version, 2014
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    References listed on IDEAS

    as
    1. Iea, 2012. "A Policy Strategy for Carbon Capture and Storage," IEA Energy Papers 2012/4, OECD Publishing.
    2. Shikhar Ghosh & Ramana Nanda, 2010. "Venture Capital Investment in the Clean Energy Sector," Harvard Business School Working Papers 11-020, Harvard Business School.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Amigues, Jean-Pierre & Lafforgue, Gilles & Moreaux, Michel, 2016. "Optimal timing of carbon capture policies under learning-by-doing," Journal of Environmental Economics and Management, Elsevier, vol. 78(C), pages 20-37.

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    More about this item

    Keywords

    Carbon Capture and Storage; Regression Analysis; Carbon Policy; Technological Change;
    All these keywords.

    JEL classification:

    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • Q5 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics
    • H3 - Public Economics - - Fiscal Policies and Behavior of Economic Agents

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