Putting the costs and benefits of carbon capture and storage into perspective

Abstract

Carbon dioxide capture, transport, and storage (CCS) is essential in achieving the net-zero target. Despite this increasing recognition, current CCS deployments are far behind targeted ambitions. A key reason is that CCS is often perceived as too expensive. While assessments of the costs of CCS have traditionally looked at impact at the plant level, the present study seeks to understand the costs and environmental benefits that will be passed to consumers via end-products and services. In particular, nine end-products/services (bridge construction, electricity from onshore wind power, electricity from offshore wind power, transport of a container via ship, a magazine, the production and transport of an avocado, a beer can, waste treatment via waste-to-energy, and long-distance air travel) connected to ten potential areas of application for CCS (cement production, iron and steel production, oil and gas production, natural gas processing, refining, ship propulsion engines, pulp and paper production, urea production, waste-to-energy, and direct air capture). The evaluations highlight that significant emission reductions (beyond 50%) could be achieved at marginal costs for end-users in six end-products/services: bridge construction, electricity from onshore wind power, electricity from offshore wind power, transport by ship, magazine, and waste treatment. Moderate emission reductions (between 11 and 37%) could be achieved in two cases at virtually no cost (increase below 1%): beer can and avocado production. Finally, only the case of using direct air capture to compensate for emissions from air travel was found to raise the cost for end-users significantly. Although more research is still needed in this area, this work broadens our understanding of the real cost and benefits of CCS and provides useful insights for decision-makers and society.