Pricing CO2 as a dual commodity: Engineering-driven market design for CCUS deployment
CO2の二重商品としての価格設定：CCUS展開のための工学主導の市場設計 (AI 翻訳)
Giakoumi, Matheos, Konstantinou, Charalampos, Ciola, Emanuele, Papanastasiou, Panos, Pontoni, Federico
🤖 gxceed AI 要約
日本語
本研究は、EU排出権取引制度（ETS）の枠組みでCO2を二重商品と捉え、工学的要素を組み込んだ経済モデルを開発。キプロスのアフロディーテガス田と主要排出源を結ぶCCUSインフラを想定し、EGR（強化ガス回収）によるCO2利用効率を定量化。協力ゲーム理論を用いて排出者間の協力を分析し、補助金による規制介入の必要性とCO2利用価格を推定した。
English
This study develops an engineering-informed economic model for CO2 as a dual commodity under the EU ETS. Using a case study of Cyprus' Aphrodite Gas Field and major emitters, it simulates CCUS infrastructure, quantifies CO2 utilization efficiency via Enhanced Gas Recovery (EGR), and applies cooperative game theory. Results show an empty core requiring subsidy intervention, and estimate a CO2 utilization price driven by engineering parameters.
Unofficial AI-generated summary based on the public title and abstract. Not an official translation.
📝 gxceed 編集解説 — Why this matters
日本のGX文脈において
日本でもCCUSの実証・商用化が進む中、EU ETSのような排出量取引とCCUSの連携モデルは参考になる。特に、工学的パラメータと経済的インセンティブを統合した市場設計は、日本のGXリーグや炭素価格付け議論に示唆を与える。
In the global GX context
This paper contributes to global CCUS deployment by integrating engineering constraints into market design. It demonstrates how cooperative game theory can inform carbon pricing and subsidy mechanisms, relevant for the EU ETS and other emissions trading systems. The methodology can be adapted to other regions, including Asia, where CCUS infrastructure is being planned.
👥 読者別の含意
🔬研究者:A novel methodology for integrating engineering models with cooperative game theory to derive CO2 utilization prices under an ETS.
🏢実務担当者:Provides a framework for evaluating CCUS infrastructure investments and pricing CO2 as a commodity, useful for project developers and utilities.
🏛政策担当者:Highlights the need for regulatory intervention (subsidies) to ensure cooperation in CCUS networks, informing carbon pricing and CCUS policy design.
📄 Abstract（原文）
This study develops an engineering-informed economic model to predict a viable CO2 utilization/market price within the dual commodity framework of the EU Emissions Trading System (ETS). The model builds on a proposed Carbon Capture, Utilization, and Storage (CCUS) infrastructure that connects the Aphrodite Gas Field in Cyprus' Exclusive Economic Zone with major emitter nodes at the ports of Moni, Vassilikos, and Dhekelia, serving electricity and cement production. Cyprus' energy mix and associated emissions are forecast using three IPCC AR6 categories (C1, C3, and C6) via an hourly dispatch model in PLEXOS. This forecast covers fossil fuels, renewable integration, plans for the Great Sea Interconnector (GSI), and the production timeline for the Aphrodite Gas Field (2027–2045). The resulting emissions profile feeds into a reservoir engineering model that simulates CO2 injection for Enhanced Gas Recovery (EGR). By applying displacement principles, the model quantifies the production increase due to EGR and estimates CO2 utilization efficiency. This efficiency is then integrated into an economic framework that assesses cooperation among the three emitters and the Aphrodite field operator through cooperative game theory, after which the CO2 utilization/market price is estimated. The analysis reveals an empty core, indicating the need for regulatory intervention via subsidization to secure cooperation. The CO2 utilization/market price is then estimated, revealing a value influenced by engineering parameters rather than policy measures alone and offering a coordinated mechanism for expanding CCUS infrastructure with clear economic incentives.
🔗 Provenance — このレコードを発見したソース
- openaire https://doi.org/10.1016/j.apenergy.2025.127214first seen 2026-05-14 21:18:35
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