Capros, P.; Mantzos, L.; Papandreou, V.; Tasios, N.; Klaassen, G. (2009) “Model – based evaluation of European carbon capture and storage – policy options”, European Review of Energy Markets, June 2009, Volume 3: Issue 2, ISSN 1782-1029
This paper investigates the prospects of carbon capture and storage (CCS) in the European energy system, as a mean of supporting the climate mitigation efforts of the EU. It examines the economic, environmental and social impacts of CCS deployment under different supporting policy schemes. The analysis is based on a combination of a systems approach, using the large scale partial equilibrium energy systems model PRIMES, and some further ex-post analysis of the model’s results. The study suggests that under the European – Emission Trading Scheme (EU-ETS), CCS deployment could reduce the cost of meeting the emission reduction targets with small impacts on total employment. Additional policies for promoting and supporting CCS lead to higher overall costs that do not seem to be compensated by benefits in terms of security of energy supply, innovation and competitiveness.
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“Model – based evaluation of European carbon capture and storage – policy options”
