FINAL Dual Credit Task Force Report.22.2018
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FINAL Dual Credit Task Force Report.22.2018
center forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018uce CƠ2 Emissions in Texas"Expanding Carbon Capture in TexasKenneth B. Medlock, IIIlames A Baker in and Susan G Baker Fellow in Energy and Resource Economics, and Senior Director, Center tor Energy Studies, Baker Institute tor Public PolicyRice UniversityKeily MillerResearch Manager, Center tor Ener FINAL Dual Credit Task Force Report.22.2018gy Studies, Baker Institute tor Public PolicyRice UniversityJanuary' 2021Expanding Carbon Capture in Texas© 2021 Rice University's Baker Institute forFINAL Dual Credit Task Force Report.22.2018
Public Policy. This material may be quoted or reproduced without prior permission, provided appropriate credit is given to the authors and the Baker center forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018are those of the individual researcher(s) and do not necessarily represent the views of the Baker Institute. This paper is a work in progress and has not been reviewed by the Baker Institute editorial department.Ken MedlockKeily Miller"Expanding Carbon Capture in Texas"2Expanding Carbon Capture in T FINAL Dual Credit Task Force Report.22.2018exasForewordSince mid-2019, the Center for Energy Studios at Rice I niversity's Baker Institute for Public Policy has convened a diverse group of stiiFINAL Dual Credit Task Force Report.22.2018
keholders to explore the deployment of carbon capture utilization and storage (CCƯS) technologies in the stale of Texas. The working group consists ofcenter forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018ed by I he Cynthia and George Mitchell Foundation and the Oil and Gas Climate Initiative (OGCI).Each of the working group participating organizations is active in the state of Texas and has an interest in ecus. rhe organizations that participated are recognized for their contributions to the working FINAL Dual Credit Task Force Report.22.2018 group discussions. Recognition does not convey attribution. Moreover, in no way should recognition for participation be deemed as endorsement or adopFINAL Dual Credit Task Force Report.22.2018
tion of the recommendalions and policy proposals herein. The research and recommendations herein are exclusively attributed to the authors.Participaticenter forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018; Linde; Natural Resource Partners; NRG Energy; Occidental Petroleum;Phillips 66; Quintana Minerals; Repsol; Schlumberger; Sempra; Shell; ValeroNGOs and Other Groups: Center for Houston's Future; Clean Air Task Force;Environmental Defense Fund; Gas Technology Institute; Greater Houston Partnership; FINAL Dual Credit Task Force Report.22.2018Houston Advanced Research Center; OGCI; Port of Houston; US Business Council for Sustainable DevelopmentUniversities find Foundations: Center for EnerFINAL Dual Credit Task Force Report.22.2018
gy Studies at the Baker Institute for Public Policy, Rice University; Cynthia and George Mitchell Foundation; Gulf Coast Carbon Center al the Bureau ocenter forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018onAs the International Energy Agency outlines in one of its flagship reports released in September 2020, expanding the use of carbon capture, utilization or storage (CCUS) is paramount to the success of global efforts to substantially reduce carbon dioxide (CO?) emissions.1 The scale of existing glo FINAL Dual Credit Task Force Report.22.2018bal energy infrastructure is massive and heterogeneous, and it supports a broad range of economic activities, health and human services, and lifestyleFINAL Dual Credit Task Force Report.22.2018
s across multiple geographies. As such, the energy ecosystem is built on a legacy that is difficult to replace, costly to dismantle, and impossible tocenter forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018ensity of energy use, and ecus is a comprehensive suite of technologies that enables decarbonization through retrofit of existing infrastructure and, longer term, a reimagining of hydrocarbon combustion.While CO? emissions are a problem of the global commons, the state of Texas is particularly well- FINAL Dual Credit Task Force Report.22.2018situated to capture significant economies of scale in the ecus industry and to take a leading role in the transition to a lower carbon future. MedlockFINAL Dual Credit Task Force Report.22.2018
and Miller (2020) applied the principle of comparative advantage to the ecus industryin Texas, arguing that that Texas has a distinct advantage in decenter forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to Redu FINAL Dual Credit Task Force Report.22.2018all energy-related co? emissions in the US industrial and power sectors, respectively, as Figure 1 illustrates),center forGNORGY STUDIOSRice University's Baker Institute for Pubi»: PolicyWorking Paper from Stakeholder Discussions on “Collaborative Action to ReduGọi ngay
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