One of the key barriers to the wide scale application of CCS is cost. Understanding the costs of CCS is essential to understand the role for and potential of CCS technology in addressing climate change, and for guidance in research activities aiming to reduce the cost and improve the performance of promising new CCS technologies in different applications. In practice, however, there are many challenges in establishing reliable cost estimates for CCS technologies.
Following the 10th International Conference on Greenhouse Gas Control Technologies in 2010 (GHGT-10), the CCS Cost Network was formed, with a Steering Group comprising experts drawn from industry, government and academia. In 2017, the CCS Cost Network was brought under the aegis of IEAGHG and, since then, has been known as the IEAGHG CCS Cost Network. As part of its role as a member of Network's Steering Committee, IEAGHG has helped to organise a series of two-day workshops on costs of CCS.
Following an action from the 2011 CCS Cost Network workshop, a White Paper, entitled "[1], this chapter aims to contribute to the development of improved guidelines for cost evaluation of CCS from industrial applications.
3.Toward improved guidelines for uncertainty analysis of carbon capture and storage techno-economic studies
This chapter reviews and provides guidance on available and emerging methods for uncertainty analysis in CCS techno-economic studies. It is intended to help accelerate continued methods development and their application to more robust and meaningful CCS performance and costing studies, as well as to provide an essential resource for all those developing, communicating and using CCS costing studies.
[1] Rubin ES, Short C, Booras G, Davison J, Ekstrom C, Matuszewski M and McCoy S, 'A proposed methodology for CO2 capture and storage cost estimates', International Journal of Greenhouse Gas Control, 17, 488-503 (2013).