In a new working paper, PESD research affiliate, Danny Cullenward studies the required rates of growth and capital investments needed to meet various long-term projections for CCS. Using the PESD Carbon Storage Database as a baseline, this paper creates four empirically-grounded scenarios about the development of the CCS industry to 2020. These possible starting points (the scenarios) are then used to calculate the sustained growth needed to meet CO2 storage estimates reported by the IPCC over the course of this century (out to 2100). Read more »
PESD releases new working paper on challenges to deployment of carbon capture and storage technology
PESD researchers Varun Rai, David Victor, and Mark Thurber find that the conventional wisdom used for deployment and diffusion of technologies is not applicable when thinking about deployment of carbon capture and storage (CCS).
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Op-ed: Newsweek on January 12, 2009
Coal is looking like the energy winner in the current economic crisis, David Victor and Varun Rai say in Newsweek. Declining coal prices coupled with a crippled world economy means more countries are pushing ahead for energy extracted from coal. The implementation and further development of clean coal technology is also at a standstill due to a lack of investment capital and falling CO2 prices. Read more »
Op-ed: Newsweek on December 8, 2008
David Victor comments on the current flattening of investment in green technology due to market forces. What is emerging, he says, is a shift towards a green economy of scale that is based on government intervention such as regulation, mandates, and subsidies. Such mechanisms are more reliable in the long run because a large part of green's success will need to be based on larger scale industrial complexes such as off-shore wind parks and electrical grids capable of storing and delivering intermittent power. Read more »
PESD researchers Varun Rai, Ngai-Chi Chung, Mark Thurber, and David Victor have released an updated version of the PESD Carbon Storage Project Database. The purpose of this work is to maintain an up-to-date database of all publicly-announced current and planned CCS projects worldwide. The database suggests that a much wider application of CCS for the electric power industry will be needed in the next decade or so if CCS is to be a central player in efforts to slash CO2 emissions. On current patterns, the world will invest just 0.1% to 1% what is needed if carbon storage is to play a central role in cutting emissions of warming gases consistent with stabilizing the atmosphere at levels that are widely discussed as safe.
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Op-ed: Encina Columns Summer '08
As oil prices surge through $140/barrel at the time of writing, surely one can at least count on the invisible hand of the market to drive further exploration and production and ultimately bring more supplies on line, right? Or perhaps, more ominously, high oil prices presage a darker future of shortage and conflict as global oil fields pass their geological "peak"? In fact, both positions miss a crucial point about the dynamics of the world oil market -- that it is increasingly animated by the counterintuitive behavior of the state-owned oil and gas giants that now control the vast majority of the world's hydrocarbon resources. Read more »
PESD affiliates review history and application of standard model for power sector reformin the news: Energy Policy on October 1, 2008
University of Cape Town and PESD affiliates Katharine Nawaal and Anton Eberhard examine how and why the standard model for power sector reform failed to be widely adopted by developing countries. The authors use Tanzania as a case study. They conclude by characterizing the emergence of hybrid power markets.