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Title: NEMS CO2 Market Model Development Documentation Report
Publication Number:
Publication Date: Apr 2009
Publication Type: Report/Publication
Contact: Phil DiPietro (Joseph.Dipietro@netl.doe.gov)
Program/Technology: Carbon Sequestration
Author: Tracy Damico (SAIC)
Yelena Dandurova (SAIC)
Beth May (SAIC)
Jay Ratafia-Brown (SAIC)
Synopsis: This report details the development and results of a modified version of EIA's National Energy Modeling System (NEMS) model that directly represents potential CO2 transfer between alternative supply sources and regional EOR-CO2 production capability as represented by the NETL supply and demand curves. A new module was developed and added to the NEMS system to equilibrate CO2 supply and demand and establish regional CO2 transfer prices between CO2 sources and EOR/sequestration entities. The project methodology, NEMS' modifications, and specified model results are comprehensively detailed in this report. Appendices containing NEMS coding and result tables are provided in a separate document.
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