The leakage impact valuation (LIV) method for leakage from geologic CO 2 storage reservoirs

Melisa F. Pollak, Jeffrey M. Bielicki, Joseph A. Dammel, Elizabeth J. Wilson, Jeffrey P. Fitts, Catherine Anne Peters

Research output: Contribution to journalConference article

11 Scopus citations

Abstract

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.

Original languageEnglish (US)
Pages (from-to)2819-2827
Number of pages9
JournalEnergy Procedia
Volume37
DOIs
StatePublished - Jan 1 2013
Event11th International Conference on Greenhouse Gas Control Technologies, GHGT 2012 - Kyoto, Japan
Duration: Nov 18 2012Nov 22 2012

All Science Journal Classification (ASJC) codes

  • Energy(all)

Keywords

  • Carbon dioxide storage
  • Carbon sequestration
  • Cost
  • Financial consequences
  • Risk

Fingerprint Dive into the research topics of 'The leakage impact valuation (LIV) method for leakage from geologic CO <sub>2</sub> storage reservoirs'. Together they form a unique fingerprint.

  • Cite this