financingcarboncaptureandstorage为碳捕获与封存融资-cags.pdf

Financing Carbon Capture and Storage 为碳捕获与封存融资 Dr. Xi Liang CFA Lecturer in Energy Policy University of Exeter CO2 Geological Storage and Technology Summer School CAGS 21-25 August 2011, Sanya, Hainan, China Content 1. Key terms in measuring the cost of CCS technologies 2. What does an investor care? 3. Evaluate a hypothetical CCS investment 4. Potential financial sources 5. Innovative financing model The Role of CCS / CCS 对全球碳减排的潜在贡献 IEA Blue Map Scenario / 国际能源总署蓝图情景 Source: IEA, 2010. 来源：国际能源总署，2010 1. Key Terms in measuring the cost of CCS  technologies Measure the Costs of Capture • Cost of electricity ($/MWh) • Electricity cost increase ($/MWh) • Cost of CO2 avoided ($/tonneCO2) • Cost of CO2 captured ($/tonneCO2) Usually through a cost cash flow analysis Key Components in a Cash Flow  Analysis • Capital investment • Fixed operational and maintenance (OM) • Fuel cost  Understand the difference between the cost of captured  versus the cost of CO avoided  2 7 Source: IPCC CCS Special Report, Technical Summary: pp32 Source: IPCC CCS Special Report, Technical Summary: pp32 Measure the Costs of  Transportation • Levelised transportation costs ($/tCO2 per  km) Consists of  a.Construction cost (material, labour, booster  station) b.Operation and maintenance costs (e.g.  monitoring, maintenance, energy cost) c. Other costs (design, insurance, fees, right‐of‐ way) Investment Cost versus Diameter of Pipeline