Abstract
Carbon capture and storage (CCS) stakeholders focusing on transport and storage aspects need to consider a wide range of risks and uncertainties, categorised as market, regulatory, geological and technical risks and uncertainties. This paper presents a real options based investment decision making framework which has been designed to consider these, optimise flexibility at network infrastructure level, and appraise the viability of subsidies for market development, so that investors or regulators can confidently and quantitatively evaluate incentives that can support CCS deployment at large scale. The paper describes the models developed for this purpose and demonstrates the application of the modelling framework for a realistically designed UK North Sea CO2 storage network.
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