Energy Transition
Energy Transition | Carbon Capture, Storage and Utilisation
The Economics of CCS Projects
Format and Duration:
1 days
2 sessions
Next Event
Location: Virtual
Date:
1st - 2nd Oct 2025
Start Time:
14:00 BST
Event Code: N668a25V
Fee From: GBP £1,210
(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: N668a25V
Sessions: 2 sessions
Instructors: Andy Kirchin
Dates:
1st - 2nd Oct 2025
Start Time:
14:00 BST
Location: Virtual
Fee From
GBP £1,210
(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 course topics will be addressed in two sessions as outlined below:
Session 1: The Economics of CCS Projects
- Module 1: Fundamentals of CCS Economics
- Overview of CCS value chain
- Challenges in establishing a viable business model
- Module 2: Carbon Pricing Principles – The Tools
- Carbon taxes and Emissions Trading Schemes (ETS)
- Role of fiscal incentives in emissions reduction
- Module 3 (Part 1): The Economics of CCS Projects
- Market drivers for CCS adoption
- Government incentives and public policy support (e.g., 45Q)
- Carbon offset markets: Opportunities and risks
- Module 3 (Part 2): The Economics of CCS Projects
- The evolution of storage market pricing
- Role of SRMS (Storage Resource Management System) in project evaluation
- Module 4: The Investibility of CCS Projects
- Assessing investment risks and financial viability
- Transition from regulated to free-market models
- Module 5: Discussion and Questions on The Economics of CCS Projects
- Interactive discussions on financial strategies and investment frameworks
- Module 6: Wrap-up and Reflections
- Summary of key concepts
- Final thoughts on the future of CCS economics
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.
Instructors
Andy Kirchin
Background
Andy has over 35 years' experience in energy consulting services. He is a geophysicist by background but has specialised in leading multidisciplinary projects for much of his career. Having returned to the UK after more than a decade in Houston where he led the Technical, Training and Advisory Division, Andy has joined the RPS Energy Transition Leadership Team focusing on the establishment of a subsurface consulting practice incorporating solutions in Energy Transition (CCS, Geothermal, Hydrogen and Storage) as we support our clients to thrive in a low-carbon economy.
Affiliations and Accreditation
BSc University of Liverpool - Geophysics with Geology
European Association of Geoscientists and Engineers (EAGE)
Society of Petroluem Engineers (SPE)
Fellow of the Geological Society of London (FGS, C.Geol)
Courses Taught
N668: The Economics of CCS Projects
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.