Joint Global Change Research Institute
Joint Global Change Research Institute: A Collaboration of the Pacific Northwest National Laboratory and the University of Maryland
Joint Global Change Research Institute: A Collaboration of the Pacific Northwest National Laboratory and the University of Maryland
PNNL
UMD
Assessing Market Opportunities for CO2 Capture and Storage (CCS) in China
Authored by R Dahowski, James J Dooley, C Davidson
Abstract:
The US-China Sequestration Capacity Assessment Project is a collaborative project that is focused on characterizing the technical and economic potential of carbon dioxide capture and storage (CCS) technologies in China and represents a first ever attempt to construct a detailed bottom-up assessment of the potential market for CCS technologies in this region. The very nature of the Chinese economy -- characterized by large domestic fossil fuel reserves and a rapidly growing and dynamic marketplace -- make China one of the most important prospective markets for CCS technologies. In a hypothetical future greenhouse gas-constrained world, the ability of China to deploy modern CCS-enabled technologies to power its growing economy is potentially worth hundreds of billions of dollars -- through lower energy prices and higher rates of economic growth -- compared to what might be possible under a scenario in which these technologies are not able to deploy. This project is designed to help the Chinese economy create a pathway for accessing as much of that potential savings as possible by further building the CCS knowledge base and developing a better understanding of the potential for CCS deployment within China. This poster highlights the key objectives and current status of this research project, along with the extensive research team behind it.
Dahowski R, JJ Dooley, C Davidson. 2005. "Assessing Market Opportunities for CO2 Capture and Storage (CCS) in China."