What is the cost of implementing CCUS?

The cost of CCUS varies, but it generally ranges from $50 to $100 per tonne of CO2 captured, with potential for reduction as technology advances.

Implementing CCUS is currently expensive, with costs ranging from $50 to $100 per tonne of CO2 captured. These costs include the capture, transportation, and storage or utilization of CO2. The cost is influenced by factors such as the type of technology used, the location of the capture and storage sites, and the scale of the project. While these costs are high, they are expected to decrease as the technology matures and economies of scale are achieved. Government incentives, carbon pricing, and increased investment in research and development are crucial for making CCUS more economically viable.