Abstract
Carbon capture and storage has received a lot of attention in recent years due to its attractiveness as a potential solution for climate stabilisation. Since it is based on a suite of mature, well known technologies, most of the cost reductions have already occurred. Recently adopted social cost of carbon figures to advise policies in the USA and Canada currently point towards lower benefits than costs from carbon capture and storage, but not always by a wide margin. It is difficult to make a case for large-scale deployment under these conditions, but they are subject to change as strands of the economic literature support significantly higher social cost of carbon estimates and upcoming commercial applications of carbon capture and storage to power generation may prove economically viable.
| Original language | English |
|---|---|
| Pages (from-to) | 324-341 |
| Number of pages | 18 |
| Journal | International Journal of Risk Assessment and Management |
| Volume | 22 |
| Issue number | 3-4 |
| DOIs | |
| Publication status | Published - 2019 |
Bibliographical note
Publisher Copyright:© The Author(s) 2019. Published by Inderscience Publishers Ltd. This is an Open Access Article distributed under the CC BY-NC-ND license. (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Keywords
- Abatement
- Benefit
- Capture
- Carbon
- Cost
- Global
- Greenhouse
- Social cost
- Storage
- Warming
ASJC Scopus subject areas
- Business and International Management
- Statistics, Probability and Uncertainty
- Management Science and Operations Research
