10 Questions
What is the main focus of Geol 40310 Fossil Fuels and Carbon Capture & Storage (CCS) Lecture D1?
Marine Sequestration
What is the goal of UN Sustainable development Goal 7?
Both a and b
According to the IEA Net Zero Scenario, what is the projected percentage of fossil fuels in the global energy supply by 2050?
Less than 25%
What is the total capacity of CO2 sequestration in mine tailings at the Black Lake Mine in Quebec?
3 Mt
By approximately how much does CCS technology reduce greenhouse gas emissions per year?
1 MtCO2
What has evolved from 2005 to 2020, indicating advancements in carbon capture and storage technologies?
Maturity of CCS system components
Which of the following is not considered a CO2 storage option mentioned in the text?
Atmospheric storage
What is the main source of historical data for Global energy Efficiency from 1850 to 2050?
The New Palgrave Dictionary of Economics, 2018
What contributes about 15% of total CO2 emissions reduction in the IEA Net Zero Scenario?
CCS (Carbon Capture and Storage)
What is the price of carbon per tonne of CO2 as of 26th Sept 2023?
€82.51
Study Notes
Carbon Sequestration and Emissions Reduction - Key Facts
- Sub-surface mineralisation is associated with mineral sequestration
- The IEA Net Zero Scenario projects a 100% decrease in net emissions by 2050
- The main source of historical data for Global energy Efficiency from 1850 to 2050 is The New Palgrave Dictionary of Economics, 2018
- CCS contributes about 15% of total CO2 emissions reduction in the IEA Net Zero Scenario
- Extra revenue by oil and gas producers in 2022 relative to 2021 is used for financing the low emission fuel investment required by the net zero scenario
- The capacity of electrolysers for hydrogen production is intended for hydrogen production
- Carbon pricing incentives cover approximately 23% of total global CO2 emissions in 2023
- The European Union Emissions Trading System (EU ETS) establishes a 'cap and trade' system
- The price of carbon was €82.51 per tonne of CO2 as of 26th Sept 2023
- According to the IPCC Report, 2005, Ocean Storage is not listed as a CO2 storage option
- The European Union Emissions Trading System (EU ETS) is a 'cap and trade' system
- The sharp carbon price increase in 2021-22 was mainly driven by the high cost of gas leading to a greater use of coal
Test your knowledge about key facts related to carbon sequestration and emissions reduction, including carbon pricing, CCS, energy efficiency, and the EU ETS.
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