Carbon Capture and Storage in Developing Countries : A Perspective on Barriers to Deployment

doi:10.1596/978-0-8213-9609-4

Publication:
Carbon Capture and Storage in Developing Countries : A Perspective on Barriers to Deployment

dc.contributor.author	Kulichenko, Natalia
dc.contributor.author	Ereira, Eleanor
dc.date.accessioned	2012-07-02T15:15:11Z
dc.date.available	2012-07-02T15:15:11Z
dc.date.issued	2012
dc.description.abstract	This report assesses some of the most important barriers facing Carbon Capture and Storage (CCS) deployment within the context of developing and transition economies. The selection of the case studies is based on several criteria, including the level of reliance on fossil fuels for power generation and the level of interconnection of electricity networks. The case studies selected for this analysis are the Balkans and Southern African regions. Many countries within the Balkan region are considered transition economies, a status recognized as different from middle-income and low income developing countries. However, for the purposes of this report, countries within both regions are referred to as developing countries. The report presents the results of a model developed to investigate ways of structuring financing for power generation facilities equipped with CCS in the developing world, using instruments available from multilateral development banks and commercial financiers, as well as concessional funding sources. The objective is to assess whether a combination of such instruments could result in reductions in the overall cost of financing. The model calculates the resulting Levelized Cost of Electricity (LCOE), and includes numerous variable parameters, such as coal prices, CO2 prices, and potential revenues from selling oil and gas obtained through enhanced hydrocarbon recovery. Common theme found throughout the analyses is that there could be potential for CCS deployment in the regions under consideration. Lower-cost opportunities, for example, in sectors practiced in handling CO2, such as gas processing, or where extra revenues could be made available from enhanced hydrocarbon recovery, could provide platforms for the first CCS projects in developing countries. However, broader CCS deployment is contingent upon a number of factors, including an availability of a mix of sources of finance from public funds and carbon market mechanisms, as well as concessional financing sources. In parallel, financing should be supported by legal and regulatory frameworks not only to define mechanisms for access to concessional and climate finance, but also to reduce investor risk and create market drivers to leverage all available sources of domestic and international support.	en
dc.identifier	http://documents.worldbank.org/curated/en/2012/06/16438735/carbon-capture-storage-developing-countries-perspective-barriers-deployment
dc.identifier.doi	10.1596/978-0-8213-9609-4
dc.identifier.isbn	978-0-8213-9609-4
dc.identifier.uri	https://hdl.handle.net/10986/9369
dc.language	English
dc.publisher	Washington, DC: World Bank
dc.relation.ispartofseries	A World Bank Study
dc.rights	CC BY 3.0 IGO
dc.rights.holder	World Bank
dc.rights.uri	http://creativecommons.org/licenses/by/3.0/igo
dc.subject	Carbon capture
dc.subject	Carbon price
dc.subject	Climate Financing
dc.subject	Enhanced oil recovery
dc.subject	Legal framework
dc.subject	Power generation
dc.subject	Project financing model
dc.title	Carbon Capture and Storage in Developing Countries : A Perspective on Barriers to Deployment	en
dspace.entity.type	Publication
okr.date.disclosure	2012-06-27
okr.doctype	Publications & Research::Publication
okr.doctype	Publications & Research::Publication
okr.docurl	http://documents.worldbank.org/curated/en/2012/06/16438735/carbon-capture-storage-developing-countries-perspective-barriers-deployment
okr.guid	550191468167674118
okr.identifier.doi	10.1596/978-0-8213-9609-4
okr.identifier.externaldocumentum	000333037_20120628020547
okr.identifier.internaldocumentum	16438735
okr.identifier.report	70610
okr.language.supported	en
okr.pdfurl	http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2012/06/28/000333037_20120628020547/Rendered/PDF/706100PUB0EPI0067902B09780821396094.pdf	en
okr.unit	Info. Dvlpmt (InfoDev)-Grant Adm (FIEID)
okr.volume	1 of 1