Will the rising cost of emitting carbon and the falling cost of carbon capture and storage (CCS) ultimately turn the economics of emissions on its head?

While Susanne Andresen, senior analyst for global energy systems at Rystad Energy, acknowledges that CCS is an expensive option for emitters, that doesn’t mean they can’t ultimately become profit centers. During a recent webinar, she described what Rystad’s pricing models show.

“If you know that emitting will become increasingly expensive, you will probably choose to inherently decarbonize your process as much as possible because it’s typically just more economically attractive,” Andresen said. “But you’ll do that until you reach the cost of CCS, and until you reach the cost of CCS, you’ll choose other options. Essentially, CCS is the option of last resort.”

Already have an account? Log In

Thanks for reading Hart Energy.

Subscribe now to get unmatched coverage of the oil and gas industry’s entire landscape.

Get Access