Speaker
Description
The development of a CO2 value chain in Europe, including Carbon Capture (CC), Transport and Storage (T&S), is strongly influenced by (i) evolving Carbon Dioxide Removal (CDR) markets and (ii) rising industry relocation, complicating investments on the carbon capture and the T&S operator's side. We investigate how these two factors affect the industrial carbon capture landscape characterised by underlying scale economies and complementary markets. A spatially-explicit optimisation model is applied to a case study encompassing Belgium and its neighbouring regions. Endogenising both CC and T&S components within the model allows us to demonstrate the pivotal role of industry clusters in rolling out a CO2 value chain. Especially CDR credits could create substantially increased capture volumes, as biogenic carbon capture becomes competitive. The resulting T&S scale economies allow sites with a low willingness to participate, to join the CO2 value chain. At the same time, caution is warranted regarding bio-CCS: excessive reliance on biomass for storage applications could lead to resource scarcity and pose broader environmental and economic risks. In contrast, under scenarios with substantial industry leakage, scale advantages diminish, causing a higher risk of exclusion for small or remote emitters.
| If your abstract is not accepted for an oral presentation, would you be interested in presenting it as a poster instead? | Yes |
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| If accepted by the Scientific Board, I agree to have my presentation/poster and abstract published on the Belgian Climate Centre websites and social media. | Yes |
