Real options analysis of CO2 transport and storage in the UK continental shelf under geological and market uncertainties and the viability of subsidies for market development

File Description SizeFormat 
GHGT13_NIE et al 2017.pdfPublished version1.14 MBAdobe PDFView/Open
Title: Real options analysis of CO2 transport and storage in the UK continental shelf under geological and market uncertainties and the viability of subsidies for market development
Authors: Nie, Z
Korre, A
Elahi, N
Durucan, S
Item Type: Conference Paper
Abstract: Carbon capture and storage (CCS) stakeholders focusing on transport and storage aspects need to consider a wide range of risks and uncertainties, categorised as market, regulatory, geological and technical risks and uncertainties. This paper presents a real options based investment decision making framework which has been designed to consider these, optimise flexibility at network infrastructure level, and appraise the viability of subsidies for market development, so that investors or regulators can confidently and quantitatively evaluate incentives that can support CCS deployment at large scale. The paper describes the models developed for this purpose and demonstrates the application of the modelling framework for a realistically designed UK North Sea CO 2 storage network.
Issue Date: 18-Aug-2017
Date of Acceptance: 14-Nov-2016
URI: http://hdl.handle.net/10044/1/54693
DOI: https://dx.doi.org/10.1016/j.egypro.2017.03.1815
ISSN: 1876-6102
Publisher: Elsevier
Start Page: 6612
End Page: 6622
Journal / Book Title: Energy Procedia
Volume: 114
Copyright Statement: © 2017 The Authors. Published by Elsevier Ltd. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/).
Sponsor/Funder: Natural Environment Research Council (NERC)
Engineering & Physical Science Research Council (EPSRC)
Funder's Grant Number: NE/H01392X/1
EP/K035967/1
Conference Name: 13th International Conference on Greenhouse Gas Control Technologies, GHGT-13
Publication Status: Published
Start Date: 2016-11-14
Finish Date: 2016-11-18
Conference Place: Lausanne, Switzerland
Appears in Collections:Faculty of Engineering
Earth Science and Engineering



Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.

Creative Commons