Global Carbon Policy Analysis Policy Initiatives Driving the Growth of the Carbon Sequestration Market

Global Carbon Policy Analysis Policy Initiatives Driving the Growth of the Carbon Sequestration Market

Global Carbon Policy Analysis: Policy Initiatives Driving the Growth of the Carbon Sequestration Market

Summary

GlobalData’s new report “Global Carbon Policy Analysis: Policy Initiatives Driving the Growth of the Carbon Sequestration Market” provides an in-depth analysis on the policy initiatives by the European Union, United States, Canada, Australia and other developed and developing economies. The report will suggest investment decisions in carbon capture and storage (CCS) projects by providing trends and information on global carbon trading policies. The report provides an analysis on the current investments in CCS projects globally. The report discusses in detail about the current CCS projects in progress and costs involved in carbon sequestration projects. The report also deals with the investments by major oil and gas companies towards CCS projects.

Scope

- Provides key data and information about the global carbon policies, drivers for carbon sequestration projects, current carbon sequestration projects and partnerships.
- Key geographies include the European Union, the US (United States), Canada and Australia
- Analysis of various carbon sequestration techniques and risks involved in carbon sequestration.
- Assessment of key regulations and policies and their impact on the growth of carbon sequestration industry.
- Details the investments made by various governments towards CCS projects.
- Review of policies and government initiatives. Key topics covered include American Clean Energy and Security Act, US Climatic Bills, European Union’s Climate Change Policy and COoperation Action within CCS CHina (COACH)
- Details the cost of carbon capture, transportation and storage for CCS facilities.

Reasons to buy
- Plan your investments to minimize the impact due to non-compliance to carbon emission targets
- Identify the most attractive partner to reduce the capital costs involved in CCS projects
- Identify the most suitable geography to invest in CCS and trade with carbon emissions
- Target the most suitable geography for CCS projects based on the policies and gain incentives in establishment of early demonstration facilities
- Develop custom strategies for different geographies based on the stringency of the carbon policy in the respective geography.
- Navigate the CCS landscape through detailed analysis of the current CCS market dynamics and potential changes
- Identify the most promising geography to invest in the unconventional and renewable energy sectors to minimize carbon taxes

List of Tables

1 Table Of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2 Executive Summary 9
2.1 Introduction and Overview of Carbon Sequestration 9
2.2 Major Drivers for Carbon Sequestration 9
2.3 US Policy Initiatives Driving Carbon Sequestration Projects 10
2.4 European Commission’s Energy and Climate Change Package Fortifies the Global CCS Initiatives 10
2.5 Impact of Carbon Sequestration on Energy Costs 11
2.6 Oil and Gas Companies involved in Carbon Sequestration Initiatives and its Impact on their Future Business Value 11
3 Green House Gas (GHG) Emissions and Its Impact on Global Carbon Policies 12
3.1 Impact of Green House Gases on Ecology 12
3.1.1 Introduction to Global Warming 12
3.1.2 Naturally Occurring Carbon Cycle 13
3.1.3 Illustrations of Ecological Imbalance due to Excess Carbon 14
3.2 Global Initiatives to Reduce Carbon Footprint 14
3.2.1 The Kyoto Protocol and its Implementation Challenges 14
3.2.2 Alternate Initiatives to Reduce Carbon Footprint and Their Impact on Reduction of Carbon Footprint 15
3.2.3 The Need for Artificial Carbon Sequestration 15
4 Introduction to Carbon Sequestration, Various Technologies and Challenges 16
4.1 Methods of Carbon Capture 16
4.1.1 Post-Combustion Carbon Capture 16
4.1.2 Pre-Combustion Carbon Capture 16
4.1.3 Oxy-fuel Combustion 16
4.1.4 Other Methods of Carbon Capture 16
4.2 Carbon Transportation 16
4.2.1 Various Modes of Carbon dioxide Transportation 16
4.3 Various Methods of Carbon Storage 17
4.3.1 Geological Storage 17
4.3.2 Ocean Storage 17
4.3.3 Mineral Storage 17
4.3.4 Terrestrial Sequestration 17
4.4 Reuse of Carbon 18
4.4.1 Conversion into Hydrocarbons 18
4.5 Research and Scientific Challenges 18
4.5.1 Design and Technical Challenges in Building CCS Facilities 18
4.6 Impact on Environment and Energy Utilization 18
4.6.1 Safety Concerns on Leakage of CO2 18
4.6.2 Energy Consumed in Carbon Sequestration Process 19
5 Major Policy Initiatives for Carbon Sequestration 20
5.1 Carbon Sequestration in US’ Energy Policies 20
5.1.1 American Clean Energy and Security Act and its Implications 20
5.1.2 Gaining Significance of Carbon Sequestration in US Climatic Bills 23
5.2 European Commission Funding on Reducing CO2 Emissions through CCS 24
5.2.1 European Union’s Climate Change Policy 24
5.3 Support for Carbon Policy Initiatives in Rest of the World 29
5.3.1 Initiatives in Canada Boost Carbon Sequestration 29
5.3.2 Proposals between China and European Union Fortifies the CCS Projects in Emerging Economies 29
5.3.3 Australia’s Carbon Trading Scheme Aids the Progress in CCS Projects 30
6 Global Carbon Sequestration Projects in Progress 32
6.1 Global Carbon Sequestration Projects 32
6.1.1 Major Sequestration Projects 32
6.1.2 Major Carbon Capture Facilities 35
6.1.3 Major Carbon Injection and Storage Facilities 36
6.1.4 Major Pre-Combustion Carbon Capture Facilities 37
6.1.5 Investments in CCS Projects by Major Geographies 38
6.1.6 CCS Projects based on Type of Plant 39
6.1.7 CCS Projects based on Fuel Used 41
6.2 Carbon Sequestration Initiatives in North America 42
6.2.1 Carbon Emissions in US 42
6.2.2 Potential for Carbon Sequestration in US by Region 43
6.2.3 Regional Carbon Sequestration Partnerships in US and Canada 45
6.2.4 Current Carbon Sequestration Projects in US by Method of Capture and Stage 53
6.2.5 Financial Support for Carbon Sequestration in US 54
6.2.6 Completed CBMR Project in Canada 55
6.2.7 Planned Projects in Canada 55
6.2.8 Impetus to Carbon Capture Projects in Canada 56
6.3 Carbon Sequestration Initiatives in Europe 56
6.3.1 Co-operation between Industries and EU Member States is Promoting Commercialization of CCS Projects 56
6.3.2 Several Countries, Universities, Power Generation Companies and Oil and Gas Majors Driving Carbon Sequestration Projects in Europe 64
6.4 Carbon Sequestration Initiatives in the Rest of the World 65
6.4.1 Carbon Sequestration Projects in Australia 65
6.4.2 Carbon Sequestration Projects in China 67
7 Economics of Carbon Sequestration 69
7.1 Cost of CO2 Avoided 69
7.1.1 Cost of CO2 Predicted by Various Models 69
7.1.2 Cost of CO2 Capture and Storage per Ton Based on Power Plant, Storage Location and Fuel Production 70
7.1.3 Cost of CO2 Capture, Transportation and Storage for Early Commercialization 71
7.1.4 Reducing Carbon dioxide Costs by Deploying Renewable Energy Sources 76
7.1.5 Reducing Carbon dioxide Costs by Deploying Innovative Capture Technologies 78
8 Key Oil & Gas Companies focused on Carbon Sequestration 79
8.1 BP 79
8.1.1 Completed Carbon Sequestration Projects 79
8.1.2 Planned and Operational Carbon Sequestration Projects 79
8.2 ConocoPhillips 80
8.2.1 Planned Carbon Sequestration Research Projects 80
8.2.2 Operational Carbon Sequestration Research Projects 80
8.3 Royal Dutch Shell 80
8.3.1 Planned Carbon Sequestration Projects 80
8.4 StatoilHydro 81
8.4.1 Operational Carbon Sequestration Projects 81
8.4.2 Planned Carbon Sequestration Projects 81
8.5 Encana 82
8.5.1 Operational Carbon Sequestration Projects 82
8.6 ExxonMobil 82
8.6.1 Carbon Sequestration Partnerships 82
8.7 Chevron 82
8.7.1 Planned Carbon Sequestration Projects 82
9 Appendix 83
9.1 Methodology 83
9.1.1 Coverage 83
9.1.2 Secondary Research 84
9.1.3 Primary Research 84
9.1.4 Expert Panel Validation 85
9.2 Units of Measure 85
9.3 Contact Us 85
9.4 About GlobalData 86
9.5 Disclaimer 86

List of Tables

1.1 List of Tables
Table 1: Percentage of Allowances that can be Auctioned by Member States in Europe 27
Table 2: Distribution of Allowances that can be Auctioned by Member States 28
Table 3: World, Major Sequestration Planned, Demonstration and Operational Projects, 2008 33
Table 4: World, Investments in CCS Projects by Geography, 2008 38
Table 5: World, CCS Projects by the Type of Plant, 2008 40
Table 6: World, CCS Projects by Fuel Type, 2008 41
Table 7: US, Federal Budget for Various Stages of Carbon Sequestration Projects , 2008 54
Table 8: Europe, Funding of Integrated Carbon Sequestration Projects, 2008 57
Table 9: Europe, Funding of Specific Technical Research Projects, 2008 58
Table 10: Europe, Total Number of Carbon Sequestration Projects by Geography, 2008 60
Table 11: Europe, Major Investments by Country towards Carbon Sequestration, 2008 61
Table 12: Europe, List of Carbon Capture and Storage Projects, 2008 62
Table 13: Europe, List of Carbon Capture and Storage Projects, 2008 (Contd..) 63
Table 15: Australia, Investments in Carbon Sequestration Projects, 2008 65
Table 16: Range of Carbon Costs for Different Modes of Storage 70
Table 17: The Cost of Carbon Capture, Transportation and Storage in Euros Per Tonne For Early Commercialization 71
Table 18: Elements of Carbon Capture Costs in Euros Per Tonne for Early Commercialization Projects 72
Table 19: Elements of Carbon Transportation Costs in Euros Per Tonne For Early Commercialization Projects 73
Table 20: Elements of Carbon Storage Costs in Depleted Oil/Gas Fields in Euros Per Tonne for Early Commercialization Projects 74
Table 21: Elements of Carbon Storage Costs in Saline Aquifer in Euros Per Tonne for Early Commercialization Projects 75
Table 22: US, Avoided Carbon Emissions by CCS Vis-à-Vis Renewable Energy Sources Deployment 76

List of Figures

1.2 List of Figures
Figure 1: Naturally Occurring Carbon Cycle 13
Figure 2: US, Impact of Various Initiatives to Reduce GHGs, 2005-50 23
Figure 3: Percentage of Allowances that can be Auctioned by Member States in Europe 26
Figure 4: Distribution of Allowances that can be Auctioned by Member States 28
Figure 5: Carbon Emission Reduction Targets Set by Australian Government, 2009 31
Figure 6: World, Major Sequestration Projects, 2008 32
Figure 7: Percentage Share Of Oil And Gas Companies In In Salah Gas (ISG) Project, 2006 34
Figure 8: World, Major Carbon Capture Facilities, 2008 35
Figure 9: World, Carbon Dioxide Injection and Storage Activities, 2008 36
Figure 10: World, Pre-Combustion Carbon Capture Projects, 2008 37
Figure 11: World, Investments in CCS Projects by Geography, 2008 38
Figure 12: World, CCS Projects by the Type of Plant, 2008 39
Figure 13: World, CCS Projects by Fuel Type, 2008 41
Figure 14: US, Potential Carbon Storage Locations 43
Figure 15: US, Concentration of Magnesium Silicate Deposits 44
Figure 16: US, Carbon Sequestration Partnerships, 2008 45
Figure 17: US, CCS Project by WESTCARB, 2008 46
Figure 18: US, Carbon Sequestration Projects by SWP, 2008 47
Figure 19: US, CCS Projects by BSCSP, 2008 48
Figure 20: US, CCS Projects by PCOR Partnership, 2008 49
Figure 21: US, CCS Projects by SECARB, 2008 50
Figure 22: US, CCS Projects by MGSC, 2008 51
Figure 23: US, CCS Projects by MRCSP, 2008 52
Figure 24: US, Carbon Sequestration Projects, 2009 53
Figure 25: US, Federal Budget for Various Stages of Carbon Sequestration Projects , 2008 54
Figure 26: Canada, Planned Carbon Sequestration Projects, 2008 55
Figure 27: Europe, Funding of Integrated Carbon Sequestration Projects, 2008 56
Figure 28: Europe, Funding of Specific Technical Research Projects, 2008 58
Figure 29: Europe, Total Number of Carbon Sequestration Projects by Geography, 2008 60
Figure 30: Europe, Major Investments by Country towards Carbon Sequestration, 2008 61
Figure 31: Australia, Investments in Carbon Sequestration Projects, 2008 65
Figure 32: Australia, Phase, Stage and Mode of Carbon Storage Projects, 2008 66
Figure 33: World, Cost of Carbon Dioxide Predicted by Various Methods and Companies 69
Figure 34: Range of Carbon Costs for Different Modes of Storage 70
Figure 35: The Cost of Carbon Capture, Transportation and Storage in Euros Per Tonne For Early Commercialization 71
Figure 36: Elements of Carbon Capture Costs in Euros Per Tonne for Early Commercialization Projects 72
Figure 37: Elements of Carbon Transportation Costs in Euros Per Tonne For Early Commercialization Projects 73
Figure 38: Elements of Carbon Storage Costs in Depleted Oil/Gas Fields in Euros Per Tonne for Early Commercialization Projects 74
Figure 39: Elements of Carbon Storage Costs in Saline Aquifer in Euros Per Tonne for Early Commercialization Projects 75
Figure 40: US, Avoided Carbon Emissions by CCS Vis-à-Vis Renewable Energy Sources Deployment 76
Figure 41: Innovation Road Map Of Various Carbon Capture Technologies 78
Figure 42: GlobalData Methodology 83