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CMI Annual Report 2021

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Figure 2.2.<br />

Comparison of<br />

historical oil and gas<br />

production data to<br />

critique the relative<br />

prospects of meeting<br />

the regional CCS<br />

targets implied in<br />

the 2 °C scenario<br />

of the IEA’s 2017<br />

Energy Technology<br />

Perspectives (IEA,<br />

2017; Lane et al.,<br />

<strong>2021</strong>).<br />

The researchers are also working with collaborators at Imperial<br />

College London to evaluate the impact of regional CCS<br />

constraints on 1.5 °C-compatible scenarios using the TIAM-<br />

Grantham IAM, a version of ETSAP-TIAM (Loulou and Labriet,<br />

2008). This research considers the effects of constraining<br />

annual CO 2<br />

storage rates to the maximum historical annual oil<br />

and gas extraction rates in each region. The research suggests<br />

a need to rethink the allocation of CCS as a mitigation option<br />

across electricity, fuels, industrial, and negative emissions,<br />

with a significant shift in the optimal resource mix to 2050<br />

(Grant et al., submitted <strong>2021</strong>).<br />

Looking forward, opportunities for further research include:<br />

1. methods to develop plausible regional assessments of<br />

dynamic CO 2<br />

storage capacity; and<br />

2. methods to inform the execution feasibility of modeled<br />

<br />

CCS scenarios based on:<br />

• reverse-engineering the asset delivery sequence<br />

across CO 2<br />

storage, CO 2<br />

pipelines and CO 2<br />

capture<br />

facilities to meet those targets; and then<br />

• reverse engineering the investment decision sequence<br />

implied by this asset delivery sequence.<br />

Such research could help identify policy and critical<br />

infrastructure investments necessary to bridge the gap<br />

between CCS ambition and reality.<br />

Carbon Mitigation Initiative Twenty-first Year <strong>Report</strong> <strong>2021</strong><br />

20

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