The ETI has welcomed a report published today by the Carbon Capture and Storage Association (CCSA) into the lessons learned by the UK’s CCS Programmes.
The report highlights that there were no technical barriers to delivery but that any future CCS programme will have to address a number of outstanding commercial challenges. The report also clearly shows that CCS has significant potential for rapid cost reduction.
The ETI has built up in depth knowledge of the UK’s CO2 storage potential and recently published a report which shows that there are no technical barriers to UK offshore CO2 storage, and that this could be available for use from the early 2020s, with plenty of options to service short and long term UK requirements.
Another report published last month said one pathway to reducing the cost of CCS is to deliver a small number of large plants sequentially using proven technologies which could drive down costs by as much as 45% largely through a combination of economies of scale, infrastructure sharing and risk reductions through deployment.
Our analysis shows that the cost of decarbonisation doubles when CCS is not employed in the UK’s future energy system. This cost could increase further still should new nuclear developments be seriously delayed. The scrapping of the Commercialisation Programme does not change this. “There are no technical barriers to UK offshore CO2 storage, CCS has a key role to play in decarbonising the power sector and with a strong history in oil, gas and power skills, the UK is well placed to lead the world in the development of CCS.