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Carbon Sequestration and Emissions Reduction

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Carbon Sequestration and Emissions Reduction

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Questions and Answers

What is the main focus of Geol 40310 Fossil Fuels and Carbon Capture & Storage (CCS) Lecture D1?

Marine Sequestration (correct)

Global energy supply

Renewable energy in the global energy mix

Atmospheric CO2 concentrations

What is the goal of UN Sustainable development Goal 7?

Both a and b (correct)

Reduce fossil fuel consumption by 50%

Double the global rate of improvement in energy efficiency

Increase substantially the share of renewable energy in the global energy mix

According to the IEA Net Zero Scenario, what is the projected percentage of fossil fuels in the global energy supply by 2050?

Around 50%

Less than 25% (correct)

More than 80%

Exactly 100%

What is the total capacity of CO2 sequestration in mine tailings at the Black Lake Mine in Quebec?

3 Mt Signup and view all the answers

By approximately how much does CCS technology reduce greenhouse gas emissions per year?

1 MtCO2 Signup and view all the answers

What has evolved from 2005 to 2020, indicating advancements in carbon capture and storage technologies?

Maturity of CCS system components Signup and view all the answers

Which of the following is not considered a CO2 storage option mentioned in the text?

Atmospheric storage Signup and view all the answers

What is the main source of historical data for Global energy Efficiency from 1850 to 2050?

The New Palgrave Dictionary of Economics, 2018 Signup and view all the answers

What contributes about 15% of total CO2 emissions reduction in the IEA Net Zero Scenario?

CCS (Carbon Capture and Storage) Signup and view all the answers

What is the price of carbon per tonne of CO2 as of 26th Sept 2023?

€82.51 Signup and view all the answers

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

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Test your knowledge about key facts related to carbon sequestration and emissions reduction, including carbon pricing, CCS, energy efficiency, and the EU ETS.