How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study

Carbon capture, utilization, and storage (CCUS) is an attractive technology for the decarbonization of global energy systems. However, its early development stage makes impact assessment difficult. Moreover, rising popularity in carbon pricing necessitates the development of a methodology for derivi...

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Autores principales:	Andrew William Ruttinger, Miyuru Kannangara, Jalil Shadbahr, Phil De Luna, Farid Bensebaa
Formato:	article
Lenguaje:	EN
Publicado:	MDPI AG 2021
Materias:	carbon capture utilization and storage technology learning curves levelized cost of carbon abatement CO<sub>2</sub>-to-diesel emissions mitigation Technology T
Acceso en línea:	https://doaj.org/article/a696739080394015acc629e36cbae4ca
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spelling	oai:doaj.org-article:a696739080394015acc629e36cbae4ca2021-11-11T15:46:53ZHow CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study10.3390/en142169571996-1073https://doaj.org/article/a696739080394015acc629e36cbae4ca2021-10-01T00:00:00Zhttps://www.mdpi.com/1996-1073/14/21/6957https://doaj.org/toc/1996-1073Carbon capture, utilization, and storage (CCUS) is an attractive technology for the decarbonization of global energy systems. However, its early development stage makes impact assessment difficult. Moreover, rising popularity in carbon pricing necessitates the development of a methodology for deriving carbon abatement costs that are harmonized with the price of carbon. We develop, using a combined bottom-up analysis and top-down learning curve approach, a levelized cost of carbon abatement (LCCA) model for assessing the true cost of emissions mitigation in CCUS technology under carbon pricing mechanisms. We demonstrate our methodology by adapting three policy scenarios in Canada to explore how the implementation of CO<sub>2</sub>-to-diesel technologies could economically decarbonize Canada’s transportation sector. With continued policy development, Canada can avoid 932 MtCO<sub>2</sub>eq by 2075 at an LCCA of CA$209/tCO<sub>2</sub>eq. Technological learning, low emission hydroelectricity generation, and cost-effective electricity prices make Quebec and Manitoba uniquely positioned to support CO<sub>2</sub>-to-diesel technology. The additional policy supports beyond 2030, including an escalating carbon price, CO<sub>2</sub>-derived fuel blending requirements, or investment in low-cost renewable electricity, which can accelerate market diffusion of CO<sub>2</sub>-to-diesel technology in Canada. This methodology is applicable to different jurisdictions and disruptive technologies, providing ample foci for future work to leverage this combined technology learning + LCCA approach.Andrew William RuttingerMiyuru KannangaraJalil ShadbahrPhil De LunaFarid BensebaaMDPI AGarticlecarbon captureutilization and storagetechnology learning curveslevelized cost of carbon abatementCO<sub>2</sub>-to-dieselemissions mitigationTechnologyTENEnergies, Vol 14, Iss 6957, p 6957 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	carbon capture utilization and storage technology learning curves levelized cost of carbon abatement CO<sub>2</sub>-to-diesel emissions mitigation Technology T
spellingShingle	carbon capture utilization and storage technology learning curves levelized cost of carbon abatement CO<sub>2</sub>-to-diesel emissions mitigation Technology T Andrew William Ruttinger Miyuru Kannangara Jalil Shadbahr Phil De Luna Farid Bensebaa How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
description	Carbon capture, utilization, and storage (CCUS) is an attractive technology for the decarbonization of global energy systems. However, its early development stage makes impact assessment difficult. Moreover, rising popularity in carbon pricing necessitates the development of a methodology for deriving carbon abatement costs that are harmonized with the price of carbon. We develop, using a combined bottom-up analysis and top-down learning curve approach, a levelized cost of carbon abatement (LCCA) model for assessing the true cost of emissions mitigation in CCUS technology under carbon pricing mechanisms. We demonstrate our methodology by adapting three policy scenarios in Canada to explore how the implementation of CO<sub>2</sub>-to-diesel technologies could economically decarbonize Canada’s transportation sector. With continued policy development, Canada can avoid 932 MtCO<sub>2</sub>eq by 2075 at an LCCA of CA$209/tCO<sub>2</sub>eq. Technological learning, low emission hydroelectricity generation, and cost-effective electricity prices make Quebec and Manitoba uniquely positioned to support CO<sub>2</sub>-to-diesel technology. The additional policy supports beyond 2030, including an escalating carbon price, CO<sub>2</sub>-derived fuel blending requirements, or investment in low-cost renewable electricity, which can accelerate market diffusion of CO<sub>2</sub>-to-diesel technology in Canada. This methodology is applicable to different jurisdictions and disruptive technologies, providing ample foci for future work to leverage this combined technology learning + LCCA approach.
format	article
author	Andrew William Ruttinger Miyuru Kannangara Jalil Shadbahr Phil De Luna Farid Bensebaa
author_facet	Andrew William Ruttinger Miyuru Kannangara Jalil Shadbahr Phil De Luna Farid Bensebaa
author_sort	Andrew William Ruttinger
title	How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
title_short	How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
title_full	How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
title_fullStr	How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
title_full_unstemmed	How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study
title_sort	how co<sub>2</sub>-to-diesel technology could help reach net-zero emissions targets: a canadian case study
publisher	MDPI AG
publishDate	2021
url	https://doaj.org/article/a696739080394015acc629e36cbae4ca
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How CO<sub>2</sub>-to-Diesel Technology Could Help Reach Net-Zero Emissions Targets: A Canadian Case Study

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