Energy Transition
Energy Transition | Carbon Capture, Storage and Utilisation
The Economics of CCS Projects
Course Code: N668
Course Outline:
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Format and Duration:
1 days
2 sessions
Next Event
Location: Virtual
Date:
13th - 14th Nov 2024
Start Time:
14:00 GMT
Event Code: N668a24V
Fee From: GBP £1,165
(exc. Tax)
CCS is currently undergoing the process of “Scaling Up” with a batch of full-scale projects proving viability and deliverability globally. The “Scale Up” phase has largely been driven by Government policy and fiscal support but for “Roll Out” to occur, where outside finance / capital is persuaded to invest in CCS, the Transport & Storage industry will likely need the establishment of a “market price” for the movement and permanent storage of CO₂ in order to justify investment. At its simplest, the fully built-up cost structure for capturing and delivering molecules of CO₂ to a T&S company and paying their fees needs to be more attractive to an emitter than the cost of emitting the CO₂. This course will look at the factors likely to affect the emergence of a global “market or commodity price” for the transport and storage of CO₂.
Schedule
Event Code: N668a24V
Sessions: 2 sessions
Instructors: Andy Kirchin
Dates:
13th - 14th Nov 2024
Start Time:
14:00 GMT
Location: Virtual
Fee From
GBP £1,165
(exc. Tax)
Good Availability
Please login to book.
Duration and Training Method
This is a classroom or virtual classroom course comprising a mixture of lectures, case studies, and discussion sessions.
This course includes e-learning elements that provide background content on Carbon Capture and Storage that serves to provide an introduction to the subject matter:
EC003 Fundamentals of CCS
Course Overview
Learning Outcomes
Participants will learn to:
- Develop an understanding of how various Governments have approached the incentivisation of building transport and storage complexes – “the Bridging Mechanisms”.
- Learn what key fiscal and regulatory tools will be used to create a “global” market price for the transport, injection and long-term storage of CO₂.
- Develop an understanding of what is realistic in terms of rate of return for CO₂ storage.
- Understand what technical constraints will impact the economics of storage.
- Understand the difference between geological storage vs. biological storage and the economics of “permanence”.
- Understand the importance of International Standards and Guidelines for the governance of CCS.
Course Content
This course will cover the following topics:
- Establishing the price to emit “Carbon Price” – how big is the “Stick”?
- Means of monetising investment in CO₂ storage today – how big is the “Carrot”?
- The importance of a government-backed Emissions Trading Scheme (‘ETS’).
- “Carbon offsetting” – ‘Eco-terrorism’ or ‘A force for good’?
- When will Voluntary Carbon Markets work?
- The use of Carbon Border Adjustment Mechanisms (‘CBAM’) to globalise the Carbon Price.
- Carbon Contracts for Difference (‘CCfD’), how will they help?
- Competition for storage – how a free-market will likely establish itself.
- What Standards and Guidelines will be needed to ‘regulate’ economic return?
The self-paced e-learning element of this course is
- Fundamentals of CCS
Who Should Attend and Prerequisites
This course is for anyone involved in the development of CCS projects from either a non-technical or technical perspective.
Accreditation and Certification
CEU: 1.2 Continuing Education Units
PDH: 12 Professional Development Hours
Certificate: Certificate Issued Upon Completion
RPS is accredited by the International Association for Continuing Education and Training (IACET) and is authorized to issue the IACET CEU. We comply with the ANSI/IACET Standard, which is recognised internationally as a standard of excellence in instructional practices.
We issue a Certificate of Attendance which verifies the number of training hours attended. Our courses are generally accepted by most professional licensing boards/associations towards continuing education credits. Please check with your licensing board to determine if the courses and certificate of attendance meet their specific criteria.