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