Global Carbon Policy Analysis Policy Initiatives Driving the Growth of the Carbon Sequestration Market

Global Carbon Policy Analysis Policy Initiatives Driving the Growth of the Carbon Sequestration Market

Summary

Global and regional emissions trading markets are emerging and drive strategic energy policy.
It is becoming increasingly vital to achieve global carbon trading schemes and meet the wider environmental challenge.
Clean Development Mechanism is key to engaging emerging economies like China, India, etc to address the challenges of environmental pollution and global warming.
Such mechanisms, which are the need of the hour, can only be developed through carbon policies that promote greater carbon sequestration and less emissions.

Scope

- What is the context of a global Carbon Sequestration Strategy in terms of land management services, physical resources, human resources and the importance of resource availability?
- Detailed information on Carbon sequestration practices.
- How to select a carbon sequestration policy?
- What are the various types of Policy Tools?
- What is the role of national governments and regional bodies?
- The different regulatory programs adopted in different countries across the globe.
- How can Carbon policies be implemented successfully through practice-based incentives?
- How can results-based incentives help in implementing carbon policies?

Reasons to buy

- Devise business strategies by understanding the need for a global carbon sequestration policy to increase your revenues.
- Make informed business decisions and maximize investment returns by identifying potential areas of investment opportunities in carbon sequestration practices and how to select a sequestration policy.
- Exploit opportunities from carbon policies in different countries to drive profitability.

Keywords

carobn, capture, store, CCS, sequestration, R&D, budget, policy, energy, projects, investment, capex, energy

1 Table Of Contents 2
1.1 List of Tables 6
1.2 List of Figures 7
2 Executive Summary 9
2.1 Introduction and Overview of Carbon Sequestration 9
2.2 Major Drivers for Carbon Sequestration 9
2.3 US Policy Initiatives Driving Carbon Sequestration Projects 10
2.4 European Commission’s Energy and Climate Change Package Fortifies the Global CCS Initiatives 10
2.5 Impact of Carbon Sequestration on Energy Costs 11
2.6 Oil and Gas Companies involved in Carbon Sequestration Initiatives and its Impact on their Future Business Value 11
3 Green House Gas (GHG) Emissions and Its Impact on Global Carbon Policies 12
3.1 Impact of Green House Gases on Ecology 12
3.1.1 Introduction to Global Warming 12
3.1.2 Naturally Occurring Carbon Cycle 13
3.1.3 Illustrations of Ecological Imbalance due to Excess Carbon 14
3.2 Global Initiatives to Reduce Carbon Footprint 14
3.2.1 The Kyoto Protocol and its Implementation Challenges 14
3.2.2 Alternate Initiatives to Reduce Carbon Footprint and Their Impact on Reduction of Carbon Footprint 15
3.2.3 The Need for Artificial Carbon Sequestration 15
4 Introduction to Carbon Sequestration, Various Technologies and Challenges 16
4.1 Methods of Carbon Capture 16
4.1.1 Post-Combustion Carbon Capture 16
4.1.2 Pre-Combustion Carbon Capture 16
4.1.3 Oxy-fuel Combustion 16
4.1.4 Other Methods of Carbon Capture 16
4.2 Carbon Transportation 16
4.2.1 Various Modes of Carbon dioxide Transportation 16
4.3 Various Methods of Carbon Storage 17
4.3.1 Geological Storage 17
4.3.2 Ocean Storage 17
4.3.3 Mineral Storage 17
4.3.4 Terrestrial Sequestration 17
4.4 Reuse of Carbon 18
4.4.1 Conversion into Hydrocarbons 18
4.5 Research and Scientific Challenges 18
4.5.1 Design and Technical Challenges in Building CCS Facilities 18
4.6 Impact on Environment and Energy Utilization 18
4.6.1 Safety Concerns on Leakage of CO2 18
4.6.2 Energy Consumed in Carbon Sequestration Process 19
5 Major Policy Initiatives for Carbon Sequestration 20
5.1 Carbon Sequestration in US’ Energy Policies 20
5.1.1 American Clean Energy and Security Act and its Implications 20
5.1.2 Gaining Significance of Carbon Sequestration in US Climatic Bills 23
5.2 European Commission Funding on Reducing CO2 Emissions through CCS 24
5.2.1 European Union’s Climate Change Policy 24
5.3 Support for Carbon Policy Initiatives in Rest of the World 29
5.3.1 Initiatives in Canada Boost Carbon Sequestration 29
5.3.2 Proposals between China and European Union Fortifies the CCS Projects in Emerging Economies 29
5.3.3 Australia’s Carbon Trading Scheme Aids the Progress in CCS Projects 30
6 Global Carbon Sequestration Projects in Progress 32
6.1 Global Carbon Sequestration Projects 32
6.1.1 Major Sequestration Projects 32
6.1.2 Major Carbon Capture Facilities 35
6.1.3 Major Carbon Injection and Storage Facilities 36
6.1.4 Major Pre-Combustion Carbon Capture Facilities 37
6.1.5 Investments in CCS Projects by Major Geographies 38
6.1.6 CCS Projects based on Type of Plant 39
6.1.7 CCS Projects based on Fuel Used 41
6.2 Carbon Sequestration Initiatives in North America 42
6.2.1 Carbon Emissions in US 42
6.2.2 Potential for Carbon Sequestration in US by Region 43
6.2.3 Regional Carbon Sequestration Partnerships in US and Canada 45
6.2.4 Current Carbon Sequestration Projects in US by Method of Capture and Stage 53
6.2.5 Financial Support for Carbon Sequestration in US 54
6.2.6 Completed CBMR Project in Canada 55
6.2.7 Planned Projects in Canada 55
6.2.8 Impetus to Carbon Capture Projects in Canada 56
6.3 Carbon Sequestration Initiatives in Europe 56
6.3.1 Co-operation between Industries and EU Member States is Promoting Commercialization of CCS Projects 56
6.3.2 Several Countries, Universities, Power Generation Companies and Oil and Gas Majors Driving Carbon Sequestration Projects in Europe 64
6.4 Carbon Sequestration Initiatives in the Rest of the World 65
6.4.1 Carbon Sequestration Projects in Australia 65
6.4.2 Carbon Sequestration Projects in China 67
7 Economics of Carbon Sequestration 69
7.1 Cost of CO2 Avoided 69
7.1.1 Cost of CO2 Predicted by Various Models 69
7.1.2 Cost of CO2 Capture and Storage per Ton Based on Power Plant, Storage Location and Fuel Production 70
7.1.3 Cost of CO2 Capture, Transportation and Storage for Early Commercialization 71
7.1.4 Reducing Carbon dioxide Costs by Deploying Renewable Energy Sources 76
7.1.5 Reducing Carbon dioxide Costs by Deploying Innovative Capture Technologies 78
8 Key Oil & Gas Companies focused on Carbon Sequestration 79
8.1 BP 79
8.1.1 Completed Carbon Sequestration Projects 79
8.1.2 Planned and Operational Carbon Sequestration Projects 79
8.2 ConocoPhillips 80
8.2.1 Planned Carbon Sequestration Research Projects 80
8.2.2 Operational Carbon Sequestration Research Projects 80
8.3 Royal Dutch Shell 80
8.3.1 Planned Carbon Sequestration Projects 80
8.4 StatoilHydro 81
8.4.1 Operational Carbon Sequestration Projects 81
8.4.2 Planned Carbon Sequestration Projects 81
8.5 Encana 82
8.5.1 Operational Carbon Sequestration Projects 82
8.6 ExxonMobil 82
8.6.1 Carbon Sequestration Partnerships 82
8.7 Chevron 82
8.7.1 Planned Carbon Sequestration Projects 82
9 Appendix 83
9.1 Methodology 83
9.1.1 Coverage 83
9.1.2 Secondary Research 84
9.1.3 Primary Research 84
9.1.4 Expert Panel Validation 85
9.2 Units of Measure 85
9.3 Contact Us 85
9.4 About GlobalData 86
9.5 Disclaimer 86