TY - JOUR
T1 - The leakage impact valuation (LIV) method for leakage from geologic CO 2 storage reservoirs
AU - Pollak, Melisa F.
AU - Bielicki, Jeffrey M.
AU - Dammel, Joseph A.
AU - Wilson, Elizabeth J.
AU - Fitts, Jeffrey P.
AU - Peters, Catherine Anne
N1 - Funding Information:
This research was funded by the United States Department of Energy, Fossil Energy, under DE-FE-000749 awarded to Princeton University. Earlier versions of the LIV method were included in presentations at the American Geophysical Union Annual Meeting, in San Francisco CA, December 5-9, 2012 (EOS Transactions, AGU 90(52), Fall Meeting Supplement, Abstract H42C-08), and at the Tenth Conference on Carbon Capture, Utilization, and Sequestration, in Pittsburgh PA, April 30 – May 3.
PY - 2013
Y1 - 2013
N2 - Leakage of brine or carbon dioxide (CO2) from geologic CO 2 storage reservoirs will trigger numerous costs. We present the Leakage Impact Valuation (LIV) method, a systematic and thorough scenario-based approach to identify these costs, their drivers, and who incurs them across four potential leakage outcomes: 1) Leakage only; 2) leakage that interferes with a subsurface activity; 3) leakage that affects groundwater; and 4) leakage that reaches the surface. The LIV method is flexible and can be used to investigate a wide range of scenarios. The financial consequences of leakage estimated by the LIV method will be specific to the case study, because the consequences of leakage will vary across case studies due to differences geologic, institutional, and regulatory settings.
AB - Leakage of brine or carbon dioxide (CO2) from geologic CO 2 storage reservoirs will trigger numerous costs. We present the Leakage Impact Valuation (LIV) method, a systematic and thorough scenario-based approach to identify these costs, their drivers, and who incurs them across four potential leakage outcomes: 1) Leakage only; 2) leakage that interferes with a subsurface activity; 3) leakage that affects groundwater; and 4) leakage that reaches the surface. The LIV method is flexible and can be used to investigate a wide range of scenarios. The financial consequences of leakage estimated by the LIV method will be specific to the case study, because the consequences of leakage will vary across case studies due to differences geologic, institutional, and regulatory settings.
KW - Carbon dioxide storage
KW - Carbon sequestration
KW - Cost
KW - Financial consequences
KW - Risk
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U2 - 10.1016/j.egypro.2013.06.167
DO - 10.1016/j.egypro.2013.06.167
M3 - Conference article
AN - SCOPUS:84889643422
SN - 1876-6102
VL - 37
SP - 2819
EP - 2827
JO - Energy Procedia
JF - Energy Procedia
T2 - 11th International Conference on Greenhouse Gas Control Technologies, GHGT 2012
Y2 - 18 November 2012 through 22 November 2012
ER -