Quantifying the Socio-Economic Value of CCS: A Review
- 3 August 2022
- Costs of CCUS
- Public Perception
As policymakers consider options at their disposal to achieve the goals of the Paris Agreement, understanding the socio-economic impacts on local communities and industrial regions is crucial. Integrated assessment models (IAMs) often lack the economic, social and geographic detail to fully reveal the role that CCS and CDR technologies, such as BECCS, can play in national economies – noting that deployment of both CCS and BECCS has long continued to lag expectations. Providing a multi-regional, technology agnostic and transparent quantification of the social value of these technologies may be essential to unlocking this impasse.