Monitoring and reporting of GHG emissions from CCS operations under the EU ETS

Groenenberg, Heleen; Wartmann, Sina; Brockett, Scot.

doi:10.1016/j.egypro.2009.02.262

Cited by 9 publications

(6 citation statements)

References 2 publications

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“…The second and the third approaches are sometimes used in the CDM, while often the uncertainty is not addressed at all (see Section 3). Wartmann, Groenenberg, and Brockett (2009) proposed a combination of the two latter approaches to address monitoring uncertainty for Carbon Capture and Storage (CCS) sites under the EU ETS using the "uncertainty supplement". This supplementin other words an upward adjustment of a site's emissionswould equal the difference between the accuracy that a scheme can provide and the maximum uncertainty required by the Monitoring and Reporting Guidelines of the EU ETS.…”

Section: Introductionmentioning

confidence: 99%

Review of the experience with monitoring uncertainty requirements in the Clean Development Mechanism

Shishlov

Bellassen

2015

Climate Policy

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In order to ensure the environmental integrity of carbon offset projects, emission reductions certified under the Clean Development Mechanism (CDM) have to be 'real, measurable and additional', which is ensured inter alia through the monitoring, reporting and verification (MRV) process. MRV, however, comes at a cost that ranges from several cents to EUR1.20 and above per ton of CO2e depending on the project type. This article analyzes monitoring uncertainty requirements for carbon offset projects with a particular focus on the trade-off between monitoring stringency and cost. To this end, existing literature is reviewed, overarching monitoring guidelines, as well as the 10 most-used methodologies are scrutinized, and finally three case studies are analysed. It is shown that there is indeed a natural trade-off between the stringency and the cost of monitoring, which if not addressed properly may become a major barrier for the implementation of offset projects in some sectors. It is then demonstrated that this trade-off has not been systematically addressed in the overarching CDM guidelines and that there are only limited incentives to reduce monitoring uncertainty. Some methodologies and calculation tools as well as some other offset standards, however, do incorporate provisions for a trade-off between monitoring costs and stringency. These provisions may take the form of discounting emissions reductions based on the level of monitoring uncertaintyor more implicitly through allowing a project developer to choose between monitoring a given parameter and using a conservative default value. Policy relevance statement:The CDM Executive Board acknowledged that the uncertainty of monitoring has not been treated in a consistent manner across methodologies and in the overarching guidelines. The first draft standard on uncertainty of measures was therefore proposed by the Executive Board in May 2013 and included inter alia provisions for discounting carbon credits based on monitoring uncertainty. This article support the introduction of such an uncertainty standard, which may help unlock previously untapped or under-represented sectors, while ensuring the environmental integrity through explicit uncertainty discounts.

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Section: Introductionmentioning

confidence: 99%

Review of the experience with monitoring uncertainty requirements in the Clean Development Mechanism

Shishlov

Bellassen

2015

Climate Policy

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“…Directive 2009/31/EC on the geological storage of CO 2 , while it addresses the framework for regulatory requirements of pre and post-closure monitoring, does not lay down non-site specific guidelines for monitoring (Directive 2009/31/EC). The commercial CCS projects to date have implemented monitoring practices that fit with the site being injected into as well as the verification goal of the project (Wartmann et al, 2009). The monitoring strategy and consequent cost was developed by all involved institutions for close research scrutiny of the pilot program (Sigurdardottir, 2009a,b).…”

Section: Cost Analysismentioning

confidence: 98%

Opportunities and challenges for CarbFix: An evaluation of capacities and costs for the pilot scale mineralization sequestration project at Hellisheidi, Iceland and beyond

Ragnheiðardóttir

Sigurðardóttir

Kristjánsdóttir

et al. 2011

International Journal of Greenhouse Gas Control

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“…Other studies [31][32][33][34] also analyzed the price of EUA development during various phases of EU ETS by revealing the main determinants of EUA prices during different trading periods. Several studies [35,36] dealt with governance of EU ETS, monitoring and reporting issues under EU ETS.…”

Section: Literature Reviewmentioning

confidence: 99%

EU Carbon Emissions Market Development and Its Impact on Penetration of Renewables in the Power Sector

Rabe¹,

Štreimikienė²,

Bilan³

2019

Energies

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This paper focuses on the analysis of the EU carbon trading scheme and its impacts on regional power system development and penetration of renewable energy sources (RES). The aim of the article is to analyze the forecasts of carbon dioxide (EUA) prices for the years 2019–2030 and to apply the results of this forecast in regional power system planning. The data employed in this paper come from many sources, including empirical data of the selected analytical companies, such as Thomson Reuters among others. The current low prices for carbon dioxide emission rights do not encourage the reduction of greenhouse gas emissions, in particular carbon dioxide, and do not have a significant impact on the penetration of renewables. This paper presents the results of two scenarios (for 2021 and 2030) developed after the analysis of the EUA price impact on penetration of renewable energy sources in West-Pomeranian region assuming different electricity production and the EUA price forecasts. The results of two regional energy development scenarios run for 2021 and 2030 indicate changes in the structure of renewables in West-Pomeranian region. The results also show that the increase of EUA price has a significant impact on the increase of costs for power production and increase of unit cost of the installed 1GWh. In addition, the forecasted EUA price in 2030 is 3% lower as compared with 2021, which has its impact on the increased share of electricity produced by co-firing biomass with other fossil—from 42% to 68% in the electricity generation structure of West-Pomeranian region.

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Monitoring and reporting of GHG emissions from CCS operations under the EU ETS

Cited by 9 publications

References 2 publications

Review of the experience with monitoring uncertainty requirements in the Clean Development Mechanism

Review of the experience with monitoring uncertainty requirements in the Clean Development Mechanism

Opportunities and challenges for CarbFix: An evaluation of capacities and costs for the pilot scale mineralization sequestration project at Hellisheidi, Iceland and beyond

EU Carbon Emissions Market Development and Its Impact on Penetration of Renewables in the Power Sector

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