Search Climate Insights Directory
1 result
Evaluation of Two Alternative Carbon Capture and Storage Technologies: A Stochastic Model
The research paper assesses the economic viability of CCS technologies in the UK, specifically comparing CO2-EOR paired with DSF storage against standalone DSF storage. Using a stochastic model calibrated with UK futures market data for electricity, oil, and carbon allowances, the authors find that only the EOR-paired option is potentially profitable, provided long-term oil prices remain high. The study highlights that current carbon prices are insufficient to incentivize standalone CCS and that the option to delay investment increases the required 'trigger price' for oil to make immediate investment optimal.
AI-generated
This summary is written by a language model reading the source document. It is not the publisher's words and is not a substitute for the original.
Document type: Research paper