ICO2N Carbon Capture and Storage Report
The ICO2N study demonstrated that large-scale reductions of CO2 are feasible in the near term, starting from 2015, but the economic gap to produce significant capture volumes must be addressed. Since there is not a commercial solution yet, government and industry need to work together to share risks and rewards to enable deployment of Carbon Capture and Storage (CCS), as shown on the graph below.
Full Report: ICO2N Carbon Capture and Storage Report
Summary: ICO2N Report Summary
News Release: Two new studies confirm the potential and the economics of carbon capture and storage as a key tool to reduce greenhouse gas emissions
ICO2N’s comprehensive analysis indicated that through a phased build-up of CCS there is potential to reduce CO2 emissions in Alberta by up to 35 Mt/year by the early to mid 2020s, growing to 50 Mt/year and more if CCS is extended to existing electrical generating facilities and growing oil sands operations. With the right long-term approach, reductions could grow to more than 100 Mt/year, roughly 13% of Canada’s current emissions.
