Business Lift

Advisory in Energy, Innovation and Business

Although it plays a large part in many governments’ energy transition plans, CCS is not the magic bullet as it’s commonly portrayed. It tends to gloss over its challenges. For example (not exhaustive):
1. Business cases exclude the cost of transportation and sequestration;
2. Carbon capture imposes a ~40% efficiency reduction on many plants;
3. The hazards to communities of CO2 leaks are ignored;
4. Capture is not 100%, and the costs the negative-emissions technologies required to deal with this are ignored.

While CCS is essential for some industries, especially where chemical pathways require it and alternative pathways are not readily available, where there are alternatives (e.g. power generation and storage), they’re almost invariably better.