{"id":2322,"date":"2022-04-16T17:06:40","date_gmt":"2022-04-16T17:06:40","guid":{"rendered":"https:\/\/climatetransform.com\/?p=2322"},"modified":"2022-07-04T11:50:46","modified_gmt":"2022-07-04T11:50:46","slug":"carbon-capture-cost-ccus-expense-results","status":"publish","type":"post","link":"https:\/\/climatetransform.com\/carbon-capture-cost-ccus-expense-results\/","title":{"rendered":"Carbon Capture Cost: CCUS Expense & Results"},"content":{"rendered":"
An increasing number of countries are committing to net-zero carbon emissions by 2050. But what about the industries and factories that continue to spew out carbon dioxide? Could we capture it instead? In fact, carbon capture<\/a>, utilization and storage (CCUS) technology focuses on exactly that. But some say the technology costs too much. But could it help to solve climate change?<\/span><\/p>\n CCUS technology is a \u201ccritical part\u201d of reaching net-zero carbon emissions, says the International Energy Agency<\/a> (IEA). The IEA states that it contributes to reducing emissions in key sectors directly and removing CO2 to balance emissions that are difficult to avoid.<\/span>1<\/sup><\/a><\/span><\/span><\/p>\n However, critics say that CCUS costs too much and is not effective in reducing CO2 emissions.<\/span>2<\/sup><\/a><\/span>\u00a0<\/span><\/p>\n The cost of CCUS technology can vary greatly depending on the process involved. For industrial facilities that produce concentrated carbon dioxide – ethanol production or natural gas processing – it can cost USD $15 to $25 to capture a tonne of CO2. In factories where CO2 is more diluted, it can cost anything from USD $40 to $120 per tonne of CO2. This would apply to cement factories or power generation, says the IEA. <\/span><\/p>\n The cost of CCUS technology<\/a> has also changed in recent years. The cost of capturing a tonne of carbon dioxide at a coal-fired power station (Boundary Dam, 2014) was USD $110. A second-generation carbon-capture plant (Petra Nova, 2017) lowered the cost to USD $65 per tonne. The cost of capturing a tonne of carbon from planned CCUS projects may be as low as USD $45 per tonne, says the IEA.<\/span>3<\/sup><\/a><\/span><\/span><\/p>\nHow much does carbon capture and sequestration cost?<\/h2>\n