Report of the Interagency Task Force on Carbon Capture and Storage
Carbon capture and storage (CCS) refers to a set of technologies that can greatly reduce carbon dioxide (CO{sub 2}) emissions from new and existing coal- and gas-fired power plants, industrial processes, and other stationary sources of CO{sub 2}. In its application to electricity generation, CCS could play an important role in achieving national and global greenhouse gas (GHG) reduction goals. However, widespread cost-effective deployment of CCS will occur only if the technology is commercially available and a supportive national policy framework is in place. In keeping with that objective, on February 3, 2010, President Obama established an Interagency Task Force on Carbon Capture and Storage composed of 14 Executive Departments and Federal Agencies. The Task Force, co-chaired by the Department of Energy (DOE) and the Environmental Protection Agency (EPA), was charged with proposing a plan to overcome the barriers to the widespread, cost-effective deployment of CCS within ten years, with a goal of bringing five to ten commercial demonstration projects online by 2016. Composed of more than 100 Federal employees, the Task Force examined challenges facing early CCS projects as well as factors that could inhibit widespread commercial deployment of CCS. In developing the findings and recommendations outlined in this report, the Task Force relied on published literature and individual input from more than 100 experts and stakeholders, as well as public comments submitted to the Task Force. The Task Force also held a large public meeting and several targeted stakeholder briefings. While CCS can be applied to a variety of stationary sources of CO{sub 2}, its application to coal-fired power plant emissions offers the greatest potential for GHG reductions. Coal has served as an important domestic source of reliable, affordable energy for decades, and the coal industry has provided stable and quality high-paying jobs for American workers. At the same time, coal-fired power plants are the largest contributor to U.S. greenhouse gas (GHG) emissions, and coal combustion accounts for 40 percent of global carbon dioxide (CO{sub 2}) emissions from the consumption of energy. EPA and Energy Information Administration (EIA) assessments of recent climate and energy legislative proposals show that, if available on a cost-effective basis, CCS can over time play a large role in reducing the overall cost of meeting domestic emissions reduction targets. By playing a leadership role in efforts to develop and deploy CCS technologies to reduce GHG emissions, the United States can preserve the option of using an affordable, abundant, and domestic energy resource, help improve national security, help to maximize production from existing oil fields through enhanced oil recovery (EOR), and assist in the creation of new technologies for export. While there are no insurmountable technological, legal, institutional, regulatory or other barriers that prevent CCS from playing a role in reducing GHG emissions, early CCS projects face economic challenges related to climate policy uncertainty, first-of-a-kind technology risks, and the current high cost of CCS relative to other technologies. Administration analyses of proposed climate change legislation suggest that CCS technologies will not be widely deployed in the next two decades absent financial incentives that supplement projected carbon prices. In addition to the challenges associated with cost, these projects will need to meet regulatory requirements that are currently under development. Long-standing regulatory programs are being adapted to meet the circumstances of CCS, but limited experience and institutional capacity at the Federal and State level may hinder implementation of CCS-specific requirements. Key legal issues, such as long-term liability and property rights, also need resolution. A climate policy designed to reduce our Nation's GHG emissions is the most important step for commercial deployment of low-carbon technologies such as CCS, because it will create a stable, long-term framework for private investments. A concerted effort to properly address financial, economic, technological, legal, institutional, and social barriers will enable CCS to be a viable climate change mitigation option that can over time play an important role in reducing the overall cost of meeting domestic and global emissions reduction targets. Federal and State agencies can use existing authorities and programs to begin addressing these barriers while ensuring appropriate safeguards are in place to protect the environment and public health and safety.
- Research Organization:
- DOEFE (USDOE Office of Fossil Energy (FE) (United States))
- Sponsoring Organization:
- USDOE
- OSTI ID:
- 985209
- Country of Publication:
- United States
- Language:
- English
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Related Subjects
02 PETROLEUM
45 MILITARY TECHNOLOGY, WEAPONRY, AND NATIONAL DEFENSE
54 ENVIRONMENTAL SCIENCES
CARBON
CARBON DIOXIDE
COAL
COAL INDUSTRY
FINANCIAL INCENTIVES
GREENHOUSE GASES
NATIONAL SECURITY
OIL FIELDS
POWER PLANTS
PROPERTY RIGHTS
PUBLIC HEALTH
STORAGE
US ENERGY INFORMATION ADMINISTRATION
US EPA