Price Comparison to Alternatives

Compared to alternatives, Carbon Capture and Storage has the most significant potential for annual reductions of carbon dioxide

A study by the Delphi Group, released in 2009, looked at the potential supply, timing and cost of greenhouse gas (GHG) reductions in Canada from a variety of alternatives, and concluded that Carbon Capture and Storage (CCS) has the most significant potential for annual reductions, closely followed by nuclear, wind power and vehicle fuel efficiency improvements.

The study concluded that the potential CO₂ reduction associated with the 13 GHG reduction alternatives that were examined totalled approximately 140 megatonnes by the year 2020. The study notes that CCS is cost-competitive with other GHG reduction options such as solar and wind, this is summarized in the graph below:

A combination of technologies will be needed to address the climate change challenge and CCS is an important part of the picture.