Technical Report
Carbon capture and storage (CCS) technologies are essential for meeting global temperature targets at least cost. They have the ability to decarbonise several sectors, including power. Low-carbon, dispatchable, power generation plants with CCS can operate at baseload and also flexibly. Importantly, their ability to operate flexibly not only allows them to complement output from intermittent renewables but also to facilitate increased capacity of intermittent renewables on the grid. For a number of reasons, however, the commercial deployment of power CCS has been slow and must accelerate if the technology is to achieve its potential and contribute effectively to mitigating climate change. Using Australia, China, the United Kingdom and the United Sates as case studies, this study demonstrates the viability of a set of power CCS technologies to cost-effectively decarbonise baseload, mid-merit and peaking generation in distinct power markets. To realise this potential, however, general, technology-specific and country-specific CCS challenges must be addressed urgently with policy and regulatory actions.