TY - JOUR
T1 - Uncertainty quantification in the techno-economic analysis of emission reduction technologies: a tutorial case study on CO2 mineralization
AU - Strunge, Till
AU - Renforth, Phil
AU - Van der Spek, Mijndert
N1 - Funding Information:
TS has been funded by the global CO initiative as part of the project COnsistent and received a scholarship at Heriot-Watt University. PR and MV are funded through the UK’s Industrial Decarbonization Research and Innovation Centre (EP/V027050/1). 2 2
Funding Information:
TS has been funded by the global CO2 initiative as part of the project CO2nsistent and received a scholarship at Heriot-Watt University. PR and MV are funded through the UK’s Industrial Decarbonization Research and Innovation Centre (EP/V027050/1).
Publisher Copyright:
Copyright © 2023 Strunge, Renforth and Van der Spek.
PY - 2023/5/26
Y1 - 2023/5/26
N2 - The pathways toward net-zero greenhouse gas emissions by 2050 should be designed based on solid scientific evidence. Ex ante system analysis tools, such as techno-economic assessments (TEAs), are key instruments to guide decision-makers. As ex ante TEAs of CO2 mitigation technologies embody a high level of uncertainty, the informed use of uncertainty analysis becomes crucial for meaningful interpretation and communication of TEA outputs. To foster enhanced appreciation and the use of uncertainty analysis, we compare multiple uncertainty analysis methods for ex ante TEAs, using a case study on CO2 mineralization in the cement industry. We show that local sensitivity analysis tools such as one-way analysis, which are most often used by TEA practitioners, may not suffice for deriving reliable conclusions and provide guidance on how to apply global sensitivity analysis methods, such as variance-based indicators for TEAs in this field.
AB - The pathways toward net-zero greenhouse gas emissions by 2050 should be designed based on solid scientific evidence. Ex ante system analysis tools, such as techno-economic assessments (TEAs), are key instruments to guide decision-makers. As ex ante TEAs of CO2 mitigation technologies embody a high level of uncertainty, the informed use of uncertainty analysis becomes crucial for meaningful interpretation and communication of TEA outputs. To foster enhanced appreciation and the use of uncertainty analysis, we compare multiple uncertainty analysis methods for ex ante TEAs, using a case study on CO2 mineralization in the cement industry. We show that local sensitivity analysis tools such as one-way analysis, which are most often used by TEA practitioners, may not suffice for deriving reliable conclusions and provide guidance on how to apply global sensitivity analysis methods, such as variance-based indicators for TEAs in this field.
KW - CO mineralization
KW - carbon capture and utilization or
KW - storage
KW - techno-economic assessment
KW - uncertainty analysis
UR - http://www.scopus.com/inward/record.url?scp=85161920696&partnerID=8YFLogxK
U2 - 10.3389/fenrg.2023.1182969
DO - 10.3389/fenrg.2023.1182969
M3 - Article
SN - 2296-598X
VL - 11
JO - Frontiers in Energy Research
JF - Frontiers in Energy Research
M1 - 1182969
ER -