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Energetic/economic penalty of CO2 emissions and application to coal-to-olefins projects in China

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  • Zhou, Huairong
  • Qian, Yu
  • Yang, Siyu

Abstract

Fossil fuels are major feedstock for industrial processes in the word. However, processing fossil fuels emits a large amount of CO2 giving a serious environmental impact. Conventional analysis of this impact is to quantify Global Warming Potential by using CO2 equivalent, but not on quantitatively energetic and economic metrics. This cannot measure a real cost of ecological goods and services, e.g. carbon sequestration, biogeochemical cycles, mineral and fossil resources. To address this issue, this paper introduces energetic and economic penalties. They are inspired by circulation of CO2 between industrial and ecological systems and defined as the additional energetic and economic costs for closing the CO2 loop by using ecological goods and services. These additional costs are considered as penalties. The carbon footprint and life cycle exergy/cost rate are applied to model the penalties. These models consider regional condition, for they include some regional ecological factors.

Suggested Citation

  • Zhou, Huairong & Qian, Yu & Yang, Siyu, 2015. "Energetic/economic penalty of CO2 emissions and application to coal-to-olefins projects in China," Applied Energy, Elsevier, vol. 156(C), pages 344-353.
    • Handle: RePEc:eee:appene:v:156:y:2015:i:c:p:344-353
    DOI: 10.1016/j.apenergy.2015.07.006
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    5. Ye, Liping & Xie, Fei & Hong, Jinglan & Yang, Donglu & Ma, Xiaotian & Li, Xiangzhi, 2018. "Environmental burden mitigation potential of oil field gas-assisted coal-to-olefin production," Energy, Elsevier, vol. 157(C), pages 1015-1024.
    6. Huang, Yi & Yi, Qun & Wei, Guo-qiang & Kang, Jing-xian & Li, Wen-ying & Feng, Jie & Xie, Ke-chang, 2018. "Energy use, greenhouse gases emission and cost effectiveness of an integrated high– and low–temperature Fisher–Tropsch synthesis plant from a lifecycle viewpoint," Applied Energy, Elsevier, vol. 228(C), pages 1009-1019.
    7. Jiang, Peng & Parvez, Ashak Mahmud & Meng, Yang & Xu, Meng-xia & Shui, Tian-chi & Sun, Cheng-gong & Wu, Tao, 2019. "Exergetic, economic and carbon emission studies of bio-olefin production via indirect steam gasification process," Energy, Elsevier, vol. 187(C).
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