Publications
A bridge to a greener Greece: A realistic assessment of CCS potential
23rd March 2011
Topic(s): Carbon capture use and storage (CCUS), Policy law and regulation
There is some discussion regarding the potential application of CCS in but most analysts do not go beyond a strict evaluation of an initial demonstration project. The goal of this report – executed by Bellona Foundation and co-funded by the Global CCS Institute, among other sponsors - is to cover that gap and offer a realistic long-term appraisal of the economic and environmental consequences of broad CCS application in Greece in the power and heavy industry sectors.
The report identifies three possible scenarios for how Greece may address its emission mitigation challenge through 2050: No deployment of CCS, constrained deployment, or full deployment. The report finds that the full deployment scenario delivers not only the deepest emission cuts, but also the lowest electricity production costs. Further, combining full deployment of CCS with biomass co-firing with coal would allow the Greek power sector to become ‘carbon-negative’ by 2030, actually removing CO2 from the atmosphere by producing power.
On a plant-by-plant basis, this report calculates which power plants and industry greenhouse gas emission sources are viable CCS candidates, while making specific proposals regarding CCS application for particular units and suitable storage sites. It also provides an overview of the current status of CCS potential in Greece, including relevant actors, the status of implementation of the CCS directive, and practical recommendations to decision-makers to assure timely deployment of CCS.
The result of this comparative exercise demonstrates that wide and timely deployment of CCS in both industry and energy sectors delivers optimal economic and environmental outcomes. By 2050, full deployment of CCS - together with wide application of biomass co-firing - could lead to a ‘carbon negative’ electricity sector and a nearly carbon neutral industrial sector, paving the way for a sustainable Greek economy long into the future.
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