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Chapter 6: Ocean storage 293<br />

Box 6.3 Measures of the fracti<strong>on</strong> of CO 2<br />

retained in storage<br />

Different measures have been used to describe how effective intenti<strong>on</strong>al storage of carb<strong>on</strong> dioxide in the ocean is to mitigate<br />

climate change (Mueller et al., 2004). Here, we illustrate several of these measures using schematic model results reported by<br />

Herzog et al. (2003) for injecti<strong>on</strong> of CO 2<br />

at three different depths (Figure 6.17).<br />

Fracti<strong>on</strong> retained (see Chapter 1) is the fracti<strong>on</strong> of the cumulative amount of injected CO 2<br />

that is retained in the storage<br />

reservoir over a specified period of time, and thereby does not have the opportunity to affect atmospheric CO 2<br />

c<strong>on</strong>centrati<strong>on</strong><br />

(Mign<strong>on</strong>e et al., 2004). The retained fracti<strong>on</strong> approaches zero (Figure 6.17) over l<strong>on</strong>g times, indicating that nearly all injected<br />

CO 2<br />

will interact with the atmosphere (although a small amount would interact first with carb<strong>on</strong>ate sediments).<br />

Airborne Fracti<strong>on</strong> is the fracti<strong>on</strong> of released CO 2<br />

that adds to atmospheric CO 2<br />

c<strong>on</strong>tent (Kheshgi and Archer, 2004). For<br />

atmospheric release, airborne fracti<strong>on</strong> is initially <strong>on</strong>e and decays to roughly 0.2 (depending <strong>on</strong> atmospheric CO 2<br />

c<strong>on</strong>centrati<strong>on</strong>)<br />

as the added CO 2<br />

is mixed throughout the ocean, and decays further to about 0.08 as CO 2<br />

reacts with sediments (Archer et al.,<br />

1997). For deep-sea release, airborne fracti<strong>on</strong> is initially zero and then approaches that of atmospheric release. Note that the<br />

asymptotic airborne fracti<strong>on</strong> depends <strong>on</strong> the c<strong>on</strong>centrati<strong>on</strong> of CO 2<br />

of surface waters (Figure 6.3).<br />

Fracti<strong>on</strong> retained is used throughout this report to indicate<br />

how l<strong>on</strong>g the CO 2<br />

is stored. In additi<strong>on</strong> the following measures can<br />

be used to compare the effectiveness of ocean carb<strong>on</strong> storage with<br />

other opti<strong>on</strong>s, for example:<br />

• The Net Present Value (NPV) approach (Herzog et al., 2003)<br />

c<strong>on</strong>siders temporary storage to be equivalent to delayed emissi<strong>on</strong><br />

of CO 2<br />

to the atmosphere. The value of delaying CO 2<br />

emissi<strong>on</strong>s<br />

depends <strong>on</strong> the future costs of CO 2<br />

emissi<strong>on</strong> and ec<strong>on</strong>omic discount<br />

rates. There is ec<strong>on</strong>omic value to temporary storage (i.e., delayed<br />

emissi<strong>on</strong>) if the cost of CO 2<br />

emissi<strong>on</strong>s increases at a rate that is less<br />

than the discount rate (Herzog et al., 2003).<br />

• The Global-Warming Potential (GWP) is a measure defined by<br />

the <strong>IPCC</strong> to compare the climatic effect of different greenhousegas<br />

emissi<strong>on</strong>s. It is computed by accumulating the radiative climate<br />

forcing of a greenhouse-gas emissi<strong>on</strong> over a specified time horiz<strong>on</strong>.<br />

This measure has been applied to compare the radiative forcing<br />

from oceanic and atmospheric releases of carb<strong>on</strong> dioxide (Kheshgi<br />

et al., 1994, Ramaswamy et al., 2001). Haugan and Joos (2004)<br />

propose a modificati<strong>on</strong> to the GWP approach that compares the<br />

climate effects of the airborne fracti<strong>on</strong> of a CO 2<br />

release to the ocean<br />

with those from a release to the atmosphere. Table 6.2 compares<br />

these measures for results from a schematic model at three depths.<br />

Figure 6.17 Fracti<strong>on</strong> of carb<strong>on</strong> in the ocean from injecti<strong>on</strong><br />

at three different depths and the atmosphere illustrated<br />

with results from a schematic model (Herzog et al., 2003).<br />

Calculati<strong>on</strong>s assume a background 280 ppm of CO 2<br />

in the<br />

atmosphere.<br />

Table 6.2 Evaluati<strong>on</strong> of measures described in the text illustrated using schematic model results shown in Figure 6.17. For the Net Present<br />

Value measure, the percentage represents the discount rate minus the rate of increase in the cost of CO 2<br />

emissi<strong>on</strong>. (If these are equal, the Net<br />

Present Value of temporary carb<strong>on</strong> storage is zero) Two significant digits shown for illustrati<strong>on</strong> exceed the accuracy of model results.<br />

Measure<br />

Atmospheric release<br />

Injecti<strong>on</strong> depth<br />

1000 m 2000 m 3000 m<br />

Effective at 20 years 0 0.96 1.00 1.00<br />

Retained at 100 years 0 0.63 0.97 1.00<br />

Fracti<strong>on</strong> at 500 years 0 0.28 0.65 0.85<br />

Airborne at 20 years 0.61 0.03 6×10 -6 7×10 -10<br />

Fracti<strong>on</strong> at 100 years 0.40 0.19 0.02 9×10 -4<br />

at 500 years 0.24 0.20 0.12 0.06<br />

Net Present 5% per year 0 0.95 1.00 1.00<br />

Value (c<strong>on</strong>stant 1% per year 0 0.72 0.95 0.99<br />

emissi<strong>on</strong>s cost) 0.2% per year 0 0.41 0.72 0.85<br />

Global 20 year horiz<strong>on</strong> 1 0.01 1×10 -6 6×10 -10<br />

Warming 100 year horiz<strong>on</strong> 1 0.21 0.01 4×10 -4<br />

Potential 500 year horiz<strong>on</strong> 1 0.56 0.20 0.06

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