Cost Analysis for CO2 Reduction Pathways

It has been widely acknowledged that addressing the issue of climate change should focus on reducing, and ideally eliminating, the influx of CO2 to the atmosphere. This has led to the emergence of various CO2-reducing technologies, which differ in their economic and environmental performances. Consi...

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Autores principales:	Mohammad Lameh, Dhabia M. Al-Mohannadi, Patrick Linke
Formato:	article
Lenguaje:	EN
Publicado:	AIDIC Servizi S.r.l. 2021
Materias:	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
Acceso en línea:	https://doaj.org/article/105b6c4a6f834bdc8d21cbc62a2c1754
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spelling	oai:doaj.org-article:105b6c4a6f834bdc8d21cbc62a2c17542021-11-15T21:48:05ZCost Analysis for CO2 Reduction Pathways10.3303/CET21880972283-9216https://doaj.org/article/105b6c4a6f834bdc8d21cbc62a2c17542021-11-01T00:00:00Zhttps://www.cetjournal.it/index.php/cet/article/view/11890https://doaj.org/toc/2283-9216It has been widely acknowledged that addressing the issue of climate change should focus on reducing, and ideally eliminating, the influx of CO2 to the atmosphere. This has led to the emergence of various CO2-reducing technologies, which differ in their economic and environmental performances. Considering only one side of the problem may be misleading, so this work introduces a novel high-level cost analysis methodology which assesses the different CO2 reduction options based on CO2 marginal abatement cost - MAC (an indicator that integrates environmental and economic performances). The study contributes to the existing literature by accounting for the impact of the temporal variations in power demand and renewable energy sources on the MAC of the considered options. The proposed approach is demonstrated through an analysis that explores integrated pathways for CO2 reduction through CCUS technologies and renewable energy technologies. Energy storage is considered for the intermittent renewable energy options. The results for the different scenarios are combined on a Mini-MAC curve, a recently developed cost analysis tool for planning CO2 reduction pathways, in which significant insights on the economics of the CO2 reduction are demonstrated and analyzed.Mohammad LamehDhabia M. Al-MohannadiPatrick LinkeAIDIC Servizi S.r.l.articleChemical engineeringTP155-156Computer engineering. Computer hardwareTK7885-7895ENChemical Engineering Transactions, Vol 88 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895
spellingShingle	Chemical engineering TP155-156 Computer engineering. Computer hardware TK7885-7895 Mohammad Lameh Dhabia M. Al-Mohannadi Patrick Linke Cost Analysis for CO2 Reduction Pathways
description	It has been widely acknowledged that addressing the issue of climate change should focus on reducing, and ideally eliminating, the influx of CO2 to the atmosphere. This has led to the emergence of various CO2-reducing technologies, which differ in their economic and environmental performances. Considering only one side of the problem may be misleading, so this work introduces a novel high-level cost analysis methodology which assesses the different CO2 reduction options based on CO2 marginal abatement cost - MAC (an indicator that integrates environmental and economic performances). The study contributes to the existing literature by accounting for the impact of the temporal variations in power demand and renewable energy sources on the MAC of the considered options. The proposed approach is demonstrated through an analysis that explores integrated pathways for CO2 reduction through CCUS technologies and renewable energy technologies. Energy storage is considered for the intermittent renewable energy options. The results for the different scenarios are combined on a Mini-MAC curve, a recently developed cost analysis tool for planning CO2 reduction pathways, in which significant insights on the economics of the CO2 reduction are demonstrated and analyzed.
format	article
author	Mohammad Lameh Dhabia M. Al-Mohannadi Patrick Linke
author_facet	Mohammad Lameh Dhabia M. Al-Mohannadi Patrick Linke
author_sort	Mohammad Lameh
title	Cost Analysis for CO2 Reduction Pathways
title_short	Cost Analysis for CO2 Reduction Pathways
title_full	Cost Analysis for CO2 Reduction Pathways
title_fullStr	Cost Analysis for CO2 Reduction Pathways
title_full_unstemmed	Cost Analysis for CO2 Reduction Pathways
title_sort	cost analysis for co2 reduction pathways
publisher	AIDIC Servizi S.r.l.
publishDate	2021
url	https://doaj.org/article/105b6c4a6f834bdc8d21cbc62a2c1754
work_keys_str_mv	AT mohammadlameh costanalysisforco2reductionpathways AT dhabiamalmohannadi costanalysisforco2reductionpathways AT patricklinke costanalysisforco2reductionpathways
_version_	1718426767953231872

Cost Analysis for CO2 Reduction Pathways

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