International Review of Environmental and Resource Economics > Vol 4 > Issue 3–4

The Economics of Carbon Capture and Storage: An Update

Catrinus Jepma, SOM, University of Groningen, The Netherlands, Dominic Hauck, Faculty of Economics and Business Administration, University of Groningen, The Netherlands,
 
Suggested Citation
Catrinus Jepma and Dominic Hauck (2011), "The Economics of Carbon Capture and Storage: An Update", International Review of Environmental and Resource Economics: Vol. 4: No. 3–4, pp 221-260. http://dx.doi.org/10.1561/101.00000034

Published: 15 Apr 2011
© 2011 C. Jepma and D. Hauck
 
Subjects
Environmental Economics
 
Keywords
Q4Q5
Carbon capture and storage (CCS)Literature reviewCCS policyClimate policy incentivesThe economics of CCS
 

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In this article:
1 Introduction
2 Carbon Capture and Storage Technologies
3 Public Perception and Regulation
4 Techno-economic Cost Assessment
5 Macro- and Micro-economic Models
6 Incentivizing CCS
7 Summarizing Cost Types and Forecasting Uncertainties
8 Conclusion
References

Abstract

This article surveys recent studies on costs, potential barriers to implementation and marketability of Carbon Dioxide Capture and Storage (CCS). Moreover, it discusses potential incentive schemes to push CCS into the market and, finally, provides an overview over cost types and forecasting uncertainties associated with these.

The surveys conducted in this article deal mainly with studies that have been published after the "IPCC special report on carbon dioxide capture and storage" in 2005. Comparison of recent studies with those discussed in the IPCC report provides insights into the latest development of the economic, political and social environment of CCS.

DOI:10.1561/101.00000034