Costs estimates on CO2 storage involve a high degree of
uncertainty, given the significant variations in technical
characteristics, scale and applications between projects. There is
also uncertainty over how costs will develop with time. Site
selection and the economics of storage will drive the commerciality
of large-scale integrated CCS projects and without appropriate
storage options, CCS may not be a cost-effective CO2 mitigation
option.
A small number of studies, articles and reports focus exclusively on the COst of CO2Carbon dioxide storage(CO2) A process for retaining captured CO2, so that it does not reach the atmosphere for CCSCarbon dioxide Capture and Storage. There is a high degree of uncertainty in estimating the COsts of CO2Carbon dioxide storage(CO2) A process for retaining captured CO2, so that it does not reach the atmosphere, given the significant variations between projects' technical characteristics, scale and applications. There is also uncertainty over how COsts will develop with time (ipccIntergovernmental Panel on Climate Change, 2005; IEAInternational Energy Agency, 2009; GCI, 2010). Still, the storage(CO2) A process for retaining captured CO2, so that it does not reach the atmosphere site selection will driveFluid flow created in formations by pressure differences arising from borehole operations the COmmerciality of large-scale integrated CCSCarbon dioxide Capture and Storage projects and without appropriate storage(CO2) A process for retaining captured CO2, so that it does not reach the atmosphere options CCSCarbon dioxide Capture and Storage may not be a COst-effective CO2Carbon dioxide mitigationThe process of reducing the impact of any failure option (GCI, 2011).