Full Title: The Value of Carbon Capture and Storage (CCS)
Author(s): Alex Townsend, Nabeela Raji, Alex Zapantis
Publisher(s): The Global CCS Institute
Publication Date: May 13, 2020
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The new flagship Global CCS Institute thought leadership report analyzes the major benefits of the large-scale investment and deployment of CCS and discusses the existing evidence related to the value of CCS under two overarching themes.
CCS as an essential technology to economically meet long-term climate targets and for risk mitigation through:
Achieving deep decarbonisation in hard-to-abate industry;
Enabling the production of clean hydrogen at scale;
Providing low-carbon dispatchable power;
Delivering negative emissions.
CCS is a driver of economic growth and employment by:
Creating and sustaining jobs;
Supporting economic growth through new net-zero industries and innovation spillovers;
Facilitating a just transition by alleviating geographic and timing mismatches;
Enabling infrastructure reuse and deferral of decommissioning costs.