Techno-Economic Assessment & Life Cycle Assessment Guidelines for CO2 Utilization (Version 1.1)

Abstract

Climate change is one of the greatest challenges of our time. Under the auspices of the UN Framework Convention on Climate Change and through the Paris Agreement, there is a commitment to keep global temperature rise this century to well below two degrees Celsius compared with pre-industrial levels. This will require a variety of strategies, including increased renewable power generation, broad-scale electrification, greater energy efficiency, and carbon-negative technologies. With increasing support worldwide, innovations in carbon capture and utilization (CCU) technologies are now widely acknowledged to contribute to achieving climate mitigation targets while creating economic opportunities. To assess the environmental impacts and commercial competitiveness of these innovations, Life Cycle Assessment (LCA) and Techno-Economic Assessment (TEA) are needed. Against this background, guidelines (Version 1.0) on LCA and TEA were published in 2018 as a valuable toolkit for evaluating CCU technology development. Ever since, an open community of practitioners, commissioners, and users of such assessments has been involved in gathering feedback on the initial document. That feedback has informed the improvements incorporated in this updated Version 1.1 of the Guidelines. The revisions take into account recent publications in this evolving field of research; correct minor inconsistencies and errors; and provide better alignment of TEA with LCA. Compared to Version 1.0, some sections have been restructured to be more reader-friendly, and the specific guideline recommendations are renamed ‘provisions.’ Based on the feedback, these provisions have been revised and expanded to be more instructive.