Canada's Carbon Price Floor

Parry, Ian; Mylonas, Victor

doi:10.5089/9781484345191.001

Cited by 3 publications

(1 citation statement)

References 12 publications

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“…Several countries have complemented carbon pricing with carbon price floors such as Canada, where the provinces are free to choose the carbon pricing instrument, however, the carbon price may not be below CAD 10 and is set to increase to CAD 50 by 2022 (Parry and Mylonas, 2018) . For those jurisdictions that do not meet the benchmark, a federal backstop system will be applied which has two components: a regulatory charge on fossil fuels and a regulatory trading system called the Output-Based Pricing System (OBPS) that applies to power generation and certain industrial facilities.…”

Section: Hybrid Systemsmentioning

confidence: 99%

Projected Costs of Generating Electricity 2020

2020

Projected Costs of Generating Electricity

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The OECD is a unique forum where the governments of 37 democracies work together to address the economic, social and environmental challenges of globalisation. The OECD is also at the forefront of efforts to understand and to help governments respond to new developments and concerns, such as corporate governance, the information economy and the challenges of an ageing population. The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies.

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Section: Hybrid Systemsmentioning

confidence: 99%

Projected Costs of Generating Electricity 2020

2020

Projected Costs of Generating Electricity

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Continuity and Change in Carbon Market Politics

Chavara

Elliott

Hoffmann

et al. 2021

The Oxford Handbook of Comparative Environmental Politics

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The Paris Agreement institutionalized decentralized and national approaches to climate change policy through Article 4 and the Nationally Determined Contributions (NDC) process. In this new context, what can be said about the prospects for a global carbon market, and how might that analysis benefit from a comparative political perspective? In this chapter, the authors argue that, given the shift to the NDC process and considering the history of carbon market linkage and diffusion, understanding the past and future of carbon markets requires an analysis of the variation in institutions and the political economies of countries. To illustrate this point, the authors unpack continuity and change in five cases: the European Union, China, Canada, South Korea, and Indonesia. The authors conclude that making sense of carbon markets requires an integrative view of the comparative institutional dynamics as well as the transnational processes of diffusion and learning that promotes policy ideas.

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Cold CO2 and Steam Injection for Heavy Oil Recovery

Hamdi¹,

Foo²

2020

Day 1 Mon, January 13, 2020

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Steam-Assisted Gravity-Drainage (SAGD) is one of the most effective ways of recovering heavy oil. Injection of cold solvent into the SAGD formation is an enhancement to SAGD recovery technology to reduce the energy consumption and heat loss. SAGD process is a high energy-intensive process where it requires a high amount of steam to mobilize and recover the heavy oil. Besides, generation of steam requires the combustion of natural gas which adversely impacts the economics of SAGD, especially when the price for natural gas is high. Furthermore, large amounts of injected steam are retained in the reservoir where it reduces the thermal efficiency of the process. Therefore, this research aims to develop better recovery process with lower energy and emission intensities. In this study, a thermal compositional simulation was carried out using a commercial simulator to examine the performance of cold solvent in assisting heavy oil recovery. In this process, the cold solvent is injected into a mature heavy oil field where it has been recovering using SAGD process. The solvent will then utilize the energy retained in the reservoir to vaporize and spread within the steam chamber. The low temperature of the solvent will cool down the temperature of steam chamber where it enhances the solubility of solvent in the oleic phase and accelerates recovery. Carbon dioxide is chosen as the solvent for this process as it is considered as a lower-cost alternative compared to hydrocarbons. The simulation shows a secondary peak oil rate due to the cold solvent, followed by a steady increase in oil production rate. This is also aided by the viscosity reduction due to carbon dioxide solubility. Steam injection is ceased when a cold solvent is injected into the formation, hence significantly reducing the steam requirement in heavy oil recovery. Overall results show that the cold solvent process increases the oil recovery by 2%, reduces steam-oil-ratio, reduces total heat loss by 16% and reduces steam requirement by 24%. Hence, the advantageous results from the simulation prove that cold solvent is a profitable and energy-efficient recovery method in recovering mature SAGD formations.

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Canada's Carbon Price Floor

Cited by 3 publications

References 12 publications

Projected Costs of Generating Electricity 2020

Projected Costs of Generating Electricity 2020

Continuity and Change in Carbon Market Politics

Cold CO2 and Steam Injection for Heavy Oil Recovery

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