Toward a Commons Method of Cost Estimation for CO₂ Capture and Storage at Fossil Fuel Power Plants
- 1 March 2013
- Costs of CCUS
- Industry Insights
To address the current state of CCS costs, a workshop was convened in March 2011 at which an international group of experts from industrial firms, government agencies, universities, and environmen tal organizations met to share information and perspectives on CCS costs for electric power plants [2]. A major conclusion of that work shop was that there are significant differences and inconsistencies in the way CCS costs are currently calculated and reported by various authors and organizations. As a consequence, there is a significant degree of confusion, misunderstanding, and mis-representation of CCS costs in the information now available publicly. These incon sistencies hamper the ability to correctly and systematically com pare the cost of different carbon capture options. They also distort comparisons between CCS and other greenhouse gas reduction measures—with potential consequences for both technology and policy developments.