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Low carbon policy and market mechanisms to enable carbon capture and storage and decarbonisation in Australia
International Journal of Greenhouse Gas Control ( IF 3.9 ) Pub Date : 2021-01-06 , DOI: 10.1016/j.ijggc.2020.103236
Nicole Heesh

The scale of decarbonisation required to meet global emission reduction targets necessitates every abatement technology available be adequately explored. Carbon capture and storage (CCS) allows decarbonisation for sectors that are otherwise technically difficult and expensive to transition. This analysis used a levelised cost of electricity (LCOE) approach to identify optimal market-based mechanisms that would provide necessary funding support for CCS deployment. The results of that analysis were presented to energy policy stakeholders to determine their amenability. Four mechanisms were investigated; capital subsidies, regulated requirements for increased grid services from all generators, a partial capacity and inertia market with emission constraints and a clean energy certificate scheme. As a means for encouraging CCS, subsidies were favoured by stakeholders. The financial analysis suggested this policy could assist CCS, although was not the optimal choice due to its potential market distortion. A carbon-constrained capacity and inertia market was the preferred pathway for the deployment of CCS technologies from an investment viewpoint. This market model encourages a range of other low-emission technologies, including large-scale batteries and pumped-hydro energy storage. Further modelling is required to determine the overall system and abatement costs involved in the implementation of a partial carbon-constrained capacity market.



中文翻译:

低碳政策和市场机制使澳大利亚能够进行碳捕集,封存和脱碳

为了达到全球减排目标所需的脱碳规模,有必要对每种减排技术进行充分研究。碳捕集与封存(CCS)可以使原本在技术上困难且过渡成本高昂的行业脱碳。该分析使用了平均电费(LCOE)方法来确定最佳的基于市场的机制,该机制将为CCS部署提供必要的资金支持。该分析的结果已提交给能源政策利益相关者,以确定其可承受性。研究了四种机制;资本补贴,对所有发电机增加电网服务的监管要求,具有排放限制的部分容量和惯性市场以及清洁能源证书计划。为了鼓励CCS,利益相关者青睐补贴。财务分析表明,尽管由于其潜在的市场扭曲而并非最佳选择,但该政策可以帮助CCS。从投资的角度来看,碳约束的容量和惯性市场是部署CCS技术的首选途径。这种市场模型鼓励其他一系列低排放技术,包括大型电池和抽水蓄能。需要进行进一步的建模来确定实施部分碳限制容量市场所涉及的整体系统和减排成本。从投资的角度来看,碳约束的容量和惯性市场是部署CCS技术的首选途径。这种市场模型鼓励其他一系列低排放技术,包括大型电池和抽水蓄能。需要进行进一步的建模来确定实施部分碳限制容量市场所涉及的整体系统和减排成本。从投资的角度来看,碳限制的容量和惯性市场是部署CCS技术的首选途径。这种市场模型鼓励其他一系列低排放技术,包括大型电池和抽水蓄能。需要进行进一步的建模来确定实施部分碳限制容量市场所涉及的整体系统和减排成本。

更新日期:2021-01-06
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