How much will carbon capture and storage cost?
The cost of CCS involves partly capital investment on equipment to capture, transport and store CO2, and partly the cost of operating this equipment to store the CO2 in practice – such as the amount of energy required to capture, transport and inject the CO2. At current technology prices, up-front investment costs are about 30 to 70 % (i.e. several hundred million euros per plant) greater than for standard plants and operating costs are currently 25 to 75% greater than in non-CCS coal-fired plants. These costs are expected to substantially decrease as the technology is proven on a commercial scale. 6) When will widespread deployment happen? Uptake of CCS will depend on the carbon price and the price of the technology. If the price per tonne of CO2 avoided by CCS is lower than the carbon price, then CCS will begin to be deployed. Although both of these prices remain highly uncertain, the climate and energy package will serve to stabilise them to some extent. The EU Emissions Trading Sys
