Journal Article, International Regional Science Review, Special Issue for ISOLDE XI
Carbon dioxide capture and storage (CCS) links together technologies that separate carbon dioxide (CO2) from fixed point source emissions and transport it by pipeline to geologic reservoirs into which it is injected underground for long-term containment. Previously, models have been developed to minimize the cost of a CCS infrastructure network that captures a given amount of CO2. The CCS process can be costly, however, and large-scale implementation by industry will require government regulations and economic incentives. The incentives can price CO2 emissions, through a tax or a cap-and-trade system, or involve the purchase of CO2 by oil companies for enhanced oil recovery from depleted oil fields.