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The Value of Carbon Capture and Storage (CCS)
13th May 2020
Organisation(s): Global CCS Institute
Topic(s): Carbon capture and storage (CCS), Economic growth, Employment, Industrial CCS, Jobs
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.
This report was authored by the Institute's Senior Consultant - Economics Alex Townsend and Research Analyst Nabeela Raji, as well as the Institute's General Manager - Commercial, Alex Zapantis. You can tweet about the report using #ValueCCS.
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