Insight
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6 Pages

Between a rock and a hard place: CCS and a 2°C world


Between a rock and a hard place: CCS and a 2°C world

Report summary

Coal's continued relevance in a world limited to a 2° C temperature rise—the UN's vision—critically depends on the implementation of carbon capture and sequestration (CCS) technology at coal-fired power plants. But implementing CCS has been dramatically slowed by its high cost, lack of policy clarity and uniformity on a global basis and as attention is increasingly diverted to renewable energy technologies where costs are declining. Will power plant CCS succeed?

What's included?

This report includes 2 file(s)

  • Between a rock and a hard place: CCS and a 2°C world PDF - 315.23 KB 6 Pages, 0 Tables, 4 Figures
  • CCS final.xls XLS - 158.50 KB

Description

This Coal Insight report highlights the key issues surrounding this topic, and draws out the implications for those involved.

Participants, suppliers and advisors can use it to look at the trends, risks and issues within the coal industry and gain an alternative point of view when making decisions.

Wood Mackenzie is the only coal industry service provider that offers a market outlook integrated with other sector analyses, including macroeconomics, coal supply, steel markets and gas and power markets.

Our coal analysts are based in the markets they analyse. They work with objective, proprietary data to help you maximise your current and future decision making. From market dynamics to trade patterns, we give you confidence in your strategic planning.

  • Introduction
  • Our aggressive forecast of efficiency gains, intensity reductions and a rapid roll-out of renewables will slow but not stop emissions growth
  • CCS technology is in the midst of an existential crisis
  • A baker’s dozen reasons why CCS is not the panacea once envisioned
  • What can be done to accelerate CCS?
  • Conclusion

In this report there are 4 tables or charts, including:

  • Introduction
  • Our aggressive forecast of efficiency gains, intensity reductions and a rapid roll-out of renewables will slow but not stop emissions growth
    • CO2 emissions will grow 23% between 2015-2030
    • CO2 emission glide path required for min 2° C increase
    • CO2 emission reduction required for min 2° C increase
    • CO2 emission reduction required for min 2° C increase
  • CCS technology is in the midst of an existential crisis
  • A baker’s dozen reasons why CCS is not the panacea once envisioned
  • What can be done to accelerate CCS?
  • Conclusion
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