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Putting the costs and benefits of Carbon Capture and Storage into perspective: A multi-sector to multi-product analysis
Simon Roussanaly, Truls Gundersen, Andrea Ramirez
July 3, 2024 (v1)
Subject: Environment
Keywords: Carbon Capture and Storage, CO2 emission, Cost, Costs-benefits analysis, Industry
Carbon dioxide capture, transport, and storage (CCS) is essential in achieving the net-zero target. Despite this increasing recognition, current CCS deployments are far behind targeted ambitions. A key reason is that CCS is often perceived as too expensive. While assessments of the costs of CCS have traditionally looked at impact at the plant level, the present study seeks to understand the costs and environmental benefits that will be passed to consumers via end-products and services. In particular, nine end-products/services (bridge construction, electricity from onshore wind power, electricity from offshore wind power, transport of a container via ship, a magazine, the production and transport of an avocado, a beer can, waste treatment via waste-to-energy, and long-distance air travel) connected to ten potential areas of application for CCS (cement production, iron and steel production, oil and gas production, natural gas processing, refining, ship propulsion engines, pulp and paper... [more]
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