U. S. DOE's Economic Approaches and Resources for Evaluating the Cost of Implementing Carbon Capture, Utilization, and Storage (CCUS)
The United States Department of Energy and National Energy Technology Laboratory are world leaders in Carbon Capture, Utilization, and Storage (CCUS) research and analysis. They have developed resources and a set of economic tools to evaluate the cost to implement CCUS for each segment of the value chain: capture, transport, and storage. This paper provides a comprehensive review of the economic models and analytical approaches DOE/NETL has developed for assessing the CO2 capture, storage, and transport cost drivers that impact the entire CCUS value chain. Failure to effectively evaluate the economic opportunity for CCUS technology to reduce CO2 emissions would deter wide-spread deployment. DOE's economic models and resources enable a variety of possible analytical approaches to evaluate the economics associated with deploying CCUS. The resources are open-source so that interested stakeholder groups can apply them to their specific problems, and to enable feedback to improve these models moving forward.
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Document Type: Research Article
Publication date: 01 December 2017
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