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Nichols, Christopher

Publications and source records attributed to Nichols, Christopher.

Direct Air Capture (DAC) Deployment Assessment in Deep Mitigation Pathways Toward 2075 in the U.S.: MARKAL-NETL Modeling Results

Presentation made at the 2024 Annual International Pittsburgh Energy and Carbon Management Conference (PECMC) OCTOBER 7 - 9, 2024 (virtual). The presentation summarized the methodology and results from energy market scenario analyses of the deployment of Direct Air Capture technologies under net-zero CO2 requirements by 2050. The results showed strong deployment of DAC under all scenarios, with increased value of the technology when other CO2 reduction pathways were unavailable or minimized.

Victor, Nadejda↗

Impact of carbon dioxide removal technologies on deep decarbonization: EMF37 MARKAL–NETL modeling results

Here this paper examines the MARKAL-NETL modeling results for the Energy Modeling Forum Study on Deep Decarbonization & High Electrification Scenarios for North America (EMF 37) with specific focus on carbon dioxide removal (CDR) technologies and opportunities under different scenarios guidelines, policies, and technological advancements. The results demonstrate that CDR, such as, bioenergy with carbon capture and storage (BECCS), direct air capture (DAC) and afforestation are key negative emission technologies in deep decarbonization scenarios in the U.S. are accounted for about 70% of annually avoided carbon dioxide emissions (CO 2 ) by 2050, or more than 2 billion tons of CO 2 (GtCO 2 ). The potential scale of CDR and its impact on the energy system depends on energy supply and demand technologies advancement and their costs, the level of end-use sectors electrification, availability and costs of CDR. Results show that the carbon prices are substantially lower if the advanced technologies available, particularly, in carbon management scenarios.

29 ENERGY PLANNING, POLICY, AND ECONOMY↗

CCUS deployment under the U.S. 45Q tax credit and adaptation by other North American Governments: MARKAL modeling results

In 2018, U.S. Congress passed the Bipartisan Budget Act, known as 45Q [H.R. 3761], expanding the corporate income tax credit for carbon capture utilization and storage (CCUS). 45Q provides a performance-based tax credit for carbon capture projects of $30/ton of carbon dioxide (CO 2 ) (tCO 2 ) for anthropogenic CO 2 going to enhanced oil recovery (EOR), and $50/tCO 2 if going to straight storage. There are several conditions; for example, there is a 12-year time limit on tax credits for a new plant that commences construction before 2024 [H.R. 3761]. Here, this study aims to test the incremental impact of the 45Q tax credits on CCUS deployment, CO 2 -EOR, and power generation technological changes for North American (the United States, Canada, and Mexico) long-term energy system development. The scenario results show that offering a 12-year CO 2 storage subsidy provides the motivation needed for CCUS investment during the 12-year subsidy period, and the benefits of such investment can be sustained over the 40-year lifetime under CO 2 taxation. The modeling results show that carbon capture generation replaces uncontrolled fossil-fueled power, not new or existing renewables, so power generation and corresponding emission reductions from renewables remain unaffected by the availability of 45Q in the United States. Our scenario with CCUS technological learning indicates that CCUS could play a very important role under stringent environmental constraints. Thus, accelerated support and funding for the large-scale CCUS demonstrations is important for the execution of both short- and long-term climate mitigation goals. Given the significant role of the United States, Canada, and Mexico on the world energy system, our results represent an important contribution to the study of global energy trends.

42 ENGINEERING↗