Abstract
Ancillary benefits of Carbon Capture and Storage (CCS) are defined as positive effects of CCS deployment that are additional to the primary climate change mitigation effect through reduced carbon dioxide emissions. One category of ancillary benefits of CCS is the use of carbon dioxide for synthetic fuels, chemicals and plastics, building materials, and Enhanced Oil Recovery (EOR). A second category of ancillary benefits is related to removal of carbon dioxide from the atmosphere, which is deemed necessary in many climate policy scenarios, where CCS deployment is essential for two removal technologies, namely Bioenergy with CCS (BECCS) and Direct Air Capture (DAC). A third category is new industry opportunities associated with geological storage of carbon dioxide services, and production of carbon dioxide capture equipment. The last category examined is benefits of CCS for petroleum producing countries in a carbon-constrained world, since more of the resource rent from petroleum production can be kept by producers instead of being transferred to governments in consuming countries as revenue from taxing or sales of carbon dioxide emission allowances.
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Notes
- 1.
The full definition of “ancillary benefits” in IPCC (2001) is:
‘The ancillary, or side effects, of policies aimed exclusively at climate change mitigation. Such policies have an impact not only on greenhouse gas emissions, but also on resource use efficiency, like reduction in emissions of local and regional air pollutants associated with fossil-fuel use, and on issues such as transportation, agriculture, land-use practices, employment, and fuel security. Sometimes these benefits are referred to as “ancillary impacts” to reflect that in some cases the benefits may be negative. From the perspective of policies directed at abating local air pollution, greenhouse gas mitigation may also be considered an ancillary benefit, but these relationships are not considered in this assessment.’
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Torvanger, A. (2020). Ancillary Benefits of Carbon Capture and Storage. In: Buchholz, W., Markandya, A., Rübbelke, D., Vögele, S. (eds) Ancillary Benefits of Climate Policy. Springer Climate. Springer, Cham. https://doi.org/10.1007/978-3-030-30978-7_12
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