Carbon capture and storage in developing countries a perspective on barriers to deployment.

• Main Authors: Kulichenko, Natalia, Ereira, Eleanor
• Format: eBook Book
• Language: English
• Published: Herndon THE WORLD BANK 2012; World Bank Publications; The World Bank; Washington, DC: World Bank
• Edition: 1
• Series: World Bank Studies
• Subjects: BUS022000 - BUSINESS & ECONOMICS; BUS068000 - BUSINESS & ECONOMICS; Carbon capture; Carbon capture and storage-Carbon capture and storage economic analysis-Carbon capture and storage technical analysis-Legal framework for carbon capture and storage-Developing countries-Climate financing-Project financing model for carbon capture and storage-Carbon price-Enhanced oil recovery-Power generation; Carbon dioxide mitigation; Carbon price; Carbon sequestration; Climate change; Climate Financing; Developing countries; Development; Economic Conditions; Economic Development; Energy; Enhanced oil recovery; Environment; Environmental policy; Environmental protection; Infrastructure Economics and Finance; Legal framework; Power generation; Project financing model; CARBON CAPTURE AND STORAGE TECHNICAL ANALYSIS; CARBON PRICE; CARBON CAPTURE AND STORAGE; CARBON CAPTURE AND STORAGE ECONOMIC ANALYSIS; ENHANCED OIL RECOVERY; POWER GENERATION; LEGAL FRAMEWORK FOR CARBON CAPTURE AND STORAGE; PROJECT FINANCING MODEL FOR CARBON CAPTURE AND STORAGE; DEVELOPING COUNTRIES; CLIMATE FINANCING
• ISBN: 9780821396100; 0821396099; 9780821396094; 0821396102
• DOI: 10.1596/978-0-8213-9609-4

Carbon Capture and Storage (CCS) technology could provide a technological bridge for achieving near to midterm GHG emission reduction goals. Integrated CCS technology is still under development and has noteworthy challenges, which would be possible to overcome through the implementation of large-scale demonstration projects. In order to assist developing countries to better understand issues related to potential technology deployment, there is a need to start analyzing various numerous challenges facing CCS within the economic and legal context of developing countries and countries in transition. This report is the first effort of the World Bank Group to contribute to a deeper understanding of (a) the integration of power generation with CCS technologies, as well as their costs; (b) regulatory barriers to the deployment of CCS; and (c) global financing requirements for CCS and applicable project finance structures involving instruments of multilateral development institutions. This report does not provide prescriptive solutions to overcome these barriers, since action must be taken on a country-by-country basis, taking account of different circumstances and national policies. Individual governments should decide their priorities on climate change mitigation and adopt appropriate measures accordingly. The analyses presented in this report may take on added relevance, depending on the future direction of international climate negotiations and domestic legal and policy measures in both developed and developing countries, and how they serve to encourage carbon sequestration. We expect that this report will provide insights for policy makers, stakeholders, private financiers, and donors in meeting the challenges of the deployment of climate change mitigation technologies and CCS in particular.