Carbon capture use and storage (CCUS), Economics
CCS is one of a number of key low-carbon technologies required to decarbonise energy production this century if the risks of climate change are to be managed effectively. The need to establish an Expert Group on CCS costs was identified in response to the growing number of reports regarding the costs of CCS. The inaugural meeting was held March 2011, hosted by the International Energy Agency. The current understanding of the costs of CCS presented at that meeting and the agreed outcomes for the Group to take forward are included in this document. This work program consists of efforts to improve both the transparency of CCS cost calculations and the broader challenges associated with conveying messages around costs to the broader community.
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