Supported by TotalEnergies in association with Fondation Tuck

January 27, 2022: Unlocking CO2 infrastructures

January 27, 2022, 5-6 pm (CET)

Unlocking CO2 infrastructures: the impact of carbon removal accounting

Emma JAGU (IFP School, CentraleSupélec), Olivier MASSOL (IFP School)

Abstract - Carbon removal certification may become a powerful instrument to accelerate decarbonization efforts. In Europe, its implementation is expected to foster the deployment of Bioenergy with Carbon Capture and Storage (BECCS). Yet, the large-scale adoption of BECCS is also limited by the availability of a costly CO2 transportation infrastructure shared with fossil-fueled emitters. In this paper, we examine the interactions between carbon removal accounting (which determines financial incentives for BECCS) and optimal CO2 infrastructure deployment by asking how certification affects the feasibility of BECCS projects. We propose an original economic framework to explore this question and apply it to a real case study in Sweden.

Language:  English

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