Techno-economic Feasibility of Implementing Carbon Capture and Storage Technology in Sri Lankan Power Sector

Abstract

Earth is consistently getting hotter with the highest recorded global temperature was in 2020, surpassing the previous record in 2016. Global warming is the principle explanation behind the temperature increase on the planet. As one of the maj or greenhouse gases, carbon dioxide has a strong influence on the global warming. Fossil fuel-based power generation is one of the primary source that release carbon dioxide to the environment. Carbon Capture and Storage (CCS) is an emerging global technology to reduce the carbon dioxide emissions from fossil fuel power generation plants. However, this technology is highly capital and resource intensive and those vary from country to country as well. Therefore, it is essential to estimate the economic feasibility and the impacts on the environmental resources beforehand. This study is an effort to estimate the technical and economic feasibility of implementing CCS technology in the Sri Lankan fossil fuel power plants.