A standardized Approach to Multi-criteria Assessment of CCS Chains

Abstract

For a commercial Carbon Capture and Storage (CCS) chain to be successful, it must satisfy a whole range of requirements: technical, economic, environmental, safety, and societal. A comprehensive, understandable and reproducible assessment of CCS projects is a complex task due to several reasons: wide range of actors and factors involved, substantial differences in the type and nature of both actors and factors, and numerous associated uncertainties. In this paper, a standardised methodology is described and illustrated on a few examples of relatively simple case studies. The proposed methodology provides means and tools for evaluation of several economic, environmental, and in the future also risk associated criteria and thereby enables selection of the most promising options for CCS. The methodology will also help to reduce the uncertainty by improving understanding of the most important dependencies and trends for the investigated key performance indicators as enlightened by the case studies examples. It could also help to design efficient incentives and measures to stimulate realization of CCS by identifying and evaluating the most important non-technical factors affecting the CCS chain viability.