Assessing the Economic Potential of Carbon Capture and Storage in Canada Using an Energy-Economy Model

In this paper I investigate the potential for large-scale deployment of carbon capture and storage in Canada. I collected data on carbon emission point sources across Canada and potential carbon storage sites to estimate how carbon capture and storage costs differ by industry, region and increasing cumulative production nationally. The economic costs for all three aspects---capture, transport and storage---are assembled into regional and national cost curves. These cost curves provide a detailed representation of carbon capture and storage in a technology-rich energy-economy model called CIMS. The model is simulated under various policy scenarios to estimate likely adoption rates of carbon capture and storage and the economic and emissions implications.