How big is the market for carbon capture and sequestration?
The Intergovernmental Panel on Climate Change released a report on CCS which yielded the 1 to 5 cent price increase estimate. The graphic below, from The Oil Drum, converts that estimate into a cost per ton of CO2 captured. The market opportunity for CCS is in getting the cost of carbon capture and storage below carbon credit costs. The World Bank estimates the global carbon market to be worth $70 billion dollars. CCS’s value could exceed this if it allows polluters to reduce their emissions for less than carbon credit prices and then sell their CCS-created credits on the open market.
