GCCSI report: Technology readiness and costs of CCS

Mar 31 2021

The cost of deployment of CO2 capture, transport and storage systems is of vital economic and environmental importance.

As part of the Circular Carbon Economy: Keystone to Global Sustainability series with Columbia University's SIPA Center on Global Energy Policy, this report examines CCS technology from two perspectives: technology readiness and factors influencing costs.

Key drivers of CCS cost include:

  • Economies of scale;
  • Partial pressure of CO2 in the source gas;
  • Energy costs; and
  • Technological innovation.

Mature and emerging technologies in carbon capture, transport and storage are surveyed for technological readiness. Technological development will be a key element of driving future cost reductions in CCS and applying CCS to hard-to-abate sectors such as cement, steel and direct air capture.

Read the report

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Issue 79 - Jan - Feb 2021

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