Deployment of BECCS/U value chains – Technological pathways, policy options and business models, 2020
It is becoming increasingly clear that substantial amounts of negative emissions – essentially, the removal of carbon dioxide from the atmosphere – will likely be required if global climate change is to be limited to 2°C above pre-industrial levels. In order to limit warming to 1.5° negative emissions will be a crucial part of the mitigation toolbox. Among the different negative emissions options, bioenergy with carbon capture and storage (BECCS) is arguably one of the most commonly discussed in climate policy debates.
BECCS is often discussed in terms of its potential and drawbacks over a very long timeframe, e.g., 2050 and beyond. In this report, however, the focus is in the potential and challenges associated with deploying BECCS systems and value chains in the near to medium term. The report provides a brief overview of different technological options for capture, transport and storage of CO2, and offers insights into how BECCS business models could be set up. The report further discusses the role of public policy in this setting and how bioenergy with carbon capture and utilization (BECCU) could play a role in enabling BECCS deployment.