|November 15, 2009|
U.S. - China Collaboration on Carbon Capture and Sequestration
|Lawrence Livermore National Laboratory’s Julio Friedmann, in collaboration with the Center for American Progress, the Asia Society Center and with partner Monitor Group, has released the report, "A Roadmap for U.S.-China Collaboration on Carbon Capture and Sequestration." |
Livermore, CA (November 11, 2009) - The report provides a framework for long-term bilateral cooperation in the development and use of carbon capture and sequestration (CCS) technologies, and sets out the benefits of the job creation opportunities and consumer savings. In addition, CCS offers a potential pathway for helping achieve the scientifically required reductions in global greenhouse gas emissions that energy efficiency, conservation and renewable energies are unlikely to meet on their own.
CCS is a process that separates and captures carbon dioxide (CO2) from industrial and power plant flue streams, then compresses the gas and stores it underground, most likely in geological formations. The process essentially captures the greenhouse gas emissions before they enter the atmosphere and stores them underground. The report identifies three areas of cooperation on CCS.
The report argues that cooperation in these three areas with China could accelerate CCS deployment in the United States by five to 10 years.
Collaboration also will quickly help lower the cost of CSS deployment in the United States and such savings will be passed on to the American electricity consumer. The report estimates that a five-year acceleration of CCS deployment in the United States would lead to $5 billion in savings while a10-year acceleration would lead to $18 billion in savings.
According to the report, a proven CCS sector would create 127,000 jobs in the United States by 2022 under a business-as-usual scenario. A five-year acceleration of CCS deployment as a result of U.S.-China collaboration increases that figure to 430,000. A 10-year acceleration in deployment could create as many as 940,000 new U.S. jobs by 2022.
"The United States stands to gain more through collaboration with China than through the independent pursuit of developing CCS technologies," said John Podesta, president and CEO of the Center for American Progress. "The impacts on U.S. job creation and consumer savings would be immense and more than compensate for American investment in this roadmap."
Founded in 1952, Lawrence Livermore National Laboratory is a national security laboratory, with a mission to ensure national security and apply science and technology to the important issues of our time. Lawrence Livermore National Laboratory is managed by Lawrence Livermore National Security, LLC for the U.S. Department of Energy’s National Nuclear Security Administration.