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  • Class and Course

    Economics, Finance & Policy for Carbon Capture and Storage (CCS): Putting a Price on Carbon

    In order to cut carbon emissions and mitigate climate change as well as create sustainable economic paths forward, we need smart policies, innovative technologies, and informed business leadership. Working from a selection of case studies and current interdisciplinary literature, this Virtual Instructor-Led Training (VILT) course offers a comprehensive overview and coherent introduction to the economic arguments and financial considerations of Carbon Capture and Storage. The arc of the program begins with technical considerations, moves to economic underpinnings, and ends with policy implementation. Learning is structured in a series of related but self-contained modules that offer an opportunity to tailor  content to suit participants’ current knowledge and educational requirements. This VILT course is one part in an ongoing series about CCS.

    Session 1 – CCS Status and Outlook

    • Main Challenges of Green House Gasses (GHG) emissions
    • Global Warming effect
    • Low Carbon Economy (engaged with reduction of global warming (< 2 C )
    • Paris Agreement
    • Discussion

    Session 2 – CCS Relevant Environmental Economics

    • Basic Principles - Environmental economics (Markets & Business of CO2 reductions)
    • Stranded Assets (focus on Alberta Carbon Trunk Line -ACTL)
    • Market Failures, Externalities
    • Common and Public Goods
    • Valuation & Statue subsidies
    • Stranded Assets
    • Class Exercise
    • Case Study 

    Session 3 – CCS Finance Project Valuation Method

    • Primary Valuation Methods for CO2 Emissions Reduction
    • Levelized Cost of CO2
    • Limitations of Levelized Costs of CO2
    • Potential Alternative Valuation Methodologies
    • CCS Project Cost Through the Full Life Cycle
    • Successful and Unsuccessful CCS Projects
    • CCS Project Capital (CAPEX) and Operating Cost (OPEX) Structure
    • Monitoring Cost for CCS Projects
    • Custody Transfer for CO2
    • Class Exercise
    • Case Study


    Session 4 – CCS Business Models

    • Introduction Different Business models for CCS
    • Business Models Structure
    • Government and Policies Perspectives
    • Producer and Emitter Perspective
    • UK Contributions to CCS Business Models
    • Class Exercise
    • Case Study

    Session 5 – Carbon Pricing

    • Introduction Carbon Pricing
    • Carbon Pricing History in Canada
    • Carbon Pricing Impacting Carbon Reduction Strategy
    • Emissions Trading Systems
    • Carbon Tax & Trade
    • Monetization of Carbon (CO2) with EOR
    • Class Exercise
    • Case Study


    Session 6 – CCS Policy / Governability

    • Policies for CCS Implementation (global overview)
    • Public Policies (carbon tax, emissions credits, grants, regulatory requirements
    • Private Policy (CCS Finance)
    • CCS Global Regulations in Canada and (US45Q, Canada Carbon tax)
    • Class Exercise
    • Case Study

    CCS: Putting a Price on Carbon is intended for managers, engineers, advisors and planners involved in strategic decision-making processes related to planning, design, construction, operation and maintenance of CCS systems. It assumes some familiarity with basic concepts of engineering, economics, and finance, but no specialized experience or knowledge.  

    • CCS Status and Outlook
    • CCS Relevant Environmental Economics
    • CCS Finance Project Valuation Method
    • CCS Business Models
    • Carbon Pricing
    • CCS Polices / Governability



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