Evaluating the economic potential for carbon sequestration projects

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.

Simple

Identification info

Date (Creation)
2023-08-10
Date (Publication)
2023-08-14T23:26:56
Citation identifier
Geoscience Australia Persistent Identifier/https://pid.geoscience.gov.au/dataset/ga/147915

Citation identifier
Digital Object Identifier/https://dx.doi.org/10.26186/147915

Cited responsible party
Role Organisation / Individual Name Details
Publisher

Commonwealth of Australia (Geoscience Australia)

 Voice
Author

Walsh, S.D.C.

 External Contact
Author

Kalinowski, A.

 MEG Internal Contact
Author

Patterson, C.

 MEG Internal Contact
Author

Tenthorey, E.

 MEG Internal Contact
Author

Haynes, M.

 MEG Internal Contact
Purpose

This publication was produced as part of Geoscience Australia's Exploring for the Future Program. It was presented at the Exploring for the Future 2022 Showcase.

Status
Completed
Point of contact
Role Organisation / Individual Name Details
Point of contact

Commonwealth of Australia (Geoscience Australia)

 Voice
Point of contact

Kalinowski, A.

 MEG Internal Contact
Resource provider

Minerals, Energy and Groundwater Division

 External Contact
Spatial representation type
Topic category
  • Geoscientific information

Extent

Extent

N
S
E
W


Maintenance and update frequency
As needed

Resource format

Title

Product data repository: Various Formats

Website

Data Store directory containing the digital product files

Data Store directory containing one or more files, possibly in a variety of formats, accessible to Geoscience Australia staff only for internal purposes

theme.ANZRC Fields of Research.rdf

  • EARTH SCIENCES

  • Carbon Sequestration Science

  • Economic Models and Forecasting

Project

  • EFTF - Exploring for the Future

Theme

  • CCS

Keywords

  • Carbon capture and storage

Project

  • Australia's Future Energy Resources

Keywords

  • Published_External

Resource constraints

Title

Creative Commons Attribution 4.0 International Licence

Alternate title

CC-BY

Edition

4.0

Website

http://creativecommons.org/licenses/

Access constraints
License
Use constraints
License
Other constraints

(c) Commonwealth of Australia (Geoscience Australia) 2023

Resource constraints

Title

Australian Government Security Classification System

Edition date
2018-11-01T00:00:00
Website

https://www.protectivesecurity.gov.au/Pages/default.aspx

Classification
Unclassified
Language
English
Character encoding
UTF8

Distribution Information

Distributor contact
Role Organisation / Individual Name Details
Distributor

Commonwealth of Australia (Geoscience Australia)

 Voice facsimile
OnLine resource

Extended Abstract for download (pdf) [3.4 MB]

Extended Abstract for download (pdf) [3.4 MB]

Distribution format

  • pdf

    File decompression technique

    nil

Resource lineage

Statement

This publication was produced as part of Geoscience Australia's Exploring for the Future Program. It was presented at the Exploring for the Future 2022 Showcase.

Metadata constraints

Title

Australian Government Security Classification System

Edition date
2018-11-01T00:00:00
Website

https://www.protectivesecurity.gov.au/Pages/default.aspx

Classification
Unclassified

Metadata

Metadata identifier
urn:uuid/96f8366f-07d9-4c4a-bcad-523c1e9c3c21

Title

GeoNetwork UUID

Language
English
Character encoding
UTF8
Contact
Role Organisation / Individual Name Details
Point of contact

Commonwealth of Australia (Geoscience Australia)

 Voice
Point of contact

Kalinowski, A.

 MEG Internal Contact

Type of resource

Resource scope
Document
Name

GA publication: EFTF Extended Abstract

Alternative metadata reference

Title

Geoscience Australia - short identifier for metadata record with

uuid

Citation identifier
eCatId/147915

Metadata linkage

https://ecat.ga.gov.au/geonetwork/srv/eng/catalog.search#/metadata/5167d912-6784-4371-9938-3931e84ca6f1

Metadata linkage

https://ecat.ga.gov.au/geonetwork/srv/eng/catalog.search#/metadata/96f8366f-07d9-4c4a-bcad-523c1e9c3c21

Metadata linkage

https://ecat.ga.gov.au/geonetwork/js/eng/catalog.search#/metadata/96f8366f-07d9-4c4a-bcad-523c1e9c3c21

Date info (Creation)
2019-04-08T01:55:29
Date info (Revision)
2019-04-08T01:55:29

Metadata standard

Title

AU/NZS ISO 19115-1:2014

Metadata standard

Title

ISO 19115-1:2014

Metadata standard

Title

ISO 19115-3

Title

Geoscience Australia Community Metadata Profile of ISO 19115-1:2014

Edition

Version 2.0, September 2018

Citation identifier
https://pid.geoscience.gov.au/dataset/ga/122551

 
 

Spatial extent

N
S
E
W


Keywords

Australia's Future Energy Resources CCS Carbon capture and storage EFTF - Exploring for the Future
theme.ANZRC Fields of Research.rdf
Carbon Sequestration Science EARTH SCIENCES Economic Models and Forecasting

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