Carbon Capture and Storage: A Solution to the Problem of Carbon Emissions
- Balu Balagopal, Ramon Baeza, Ingrid Velken, Eric Boudier, Michael Buffet
- July 2008
- Carbon capture and storage (CCS) has the potential to reduce one-third of the total global emissions of carbon dioxide from all sources. This report summarizes BCG’s analysis of global sources of carbon dioxide and the costs and benefits of CCS technology. At an estimated total cost of 500 billion, an initial subsidy of 100 billion would enable development to proceed as the carbon price stabilized. The technology pays for itself at a stable carbon price of 30 per ton.
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