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Evaluating the economic potential for carbon sequestration projects

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Created 13/01/2025

Updated 13/01/2025

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Carbon capture and storage (CCS) is a central component of many proposed pathways to reach net zero CO2 emissions by 2050. Even under conservative estimates, successful deployment of CCS projects at scale will require a substantial investment in the selection and development of new sequestration sites. While several studies have considered the potential costs associated with individual sequestration projects, and others have evaluated the costs of capture and sequestration in a generic manner, few have examined how regional differences in transport distances and reservoir properties may affect the overall costs of sequestration projects. In this abstract, we outline a new model to assess the costs associated with new carbon sequestration projects. The model evaluates the cost of CCS projects accounting for regional variations in transport distance and cost and well the storage properties of individual reservoirs. We present preliminary results from the modelling tool, highlighting potential opportunities for new CCS projects.

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Title Evaluating the economic potential for carbon sequestration projects
Language eng
Licence Not Specified
Landing Page https://devweb.dga.links.com.au/data/dataset/57633c54-e7f2-4a1a-9f6b-4a4d0c506dc6
Contact Point
Geoscience Australia
clientservices@ga.gov.au
Reference Period 08/04/2019
Geospatial Coverage
Map data © OpenStreetMap contributors
Data Portal Data.gov.au