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 A. Peters

    Research output: Chapter in Book/Report/Conference proceedingConference contribution

    12 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)
    Title of host publicationEnergy Procedia
    Pages2819-2827
    Number of pages9
    Volume37
    DOIs
    StatePublished - 2013
    Event11th International Conference on Greenhouse Gas Control Technologies, GHGT 2012 - Kyoto, Japan
    Duration: Nov 18 2012Nov 22 2012

    Other

    Other11th International Conference on Greenhouse Gas Control Technologies, GHGT 2012
    Country/TerritoryJapan
    CityKyoto
    Period11/18/1211/22/12

    Keywords

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

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