Profiting from CCS Innovations: A Study to Measure Potential Value Creation from CCS Research and Development

Abstract

Globally, large private and public budgets are invested into carbon capture and storage (CCS) research to provide the knowledge and technology required to mitigate CO2 emissions below a sustainable level. A pertinent question to ask is whether this is the best way of spending limited funds? This paper presents an ongoing study aiming to document the potential value creation from selected CCS innovations created in the international research centre BIGCCS and its successor NCCS. The results indicate that the potential profits by far exceed the investment.