Global CCS Institute addresses myths surrounding CCS technologies

The Global CCS Institute has argued that many of the myths that surround carbon capture and storage (CCS) technologies must and can be addressed. In a document, the think tank says that concerns such as CCS being too expensive, too unsafe or that there would never be enough storage capacity need to be dispelled with facts and empirical evidence. For instance, the claim about CCS being expensive needs to be understood within the context of long-term declining cost, increasing capital expenditure and the finding of the Intergovernmental Panel on Climate Change that if CCS were taken out of the equation, meeting the world's climate goals would cost 138% more. Similarly, in response to the safety concerns surrounding CCS, the document states that “CO2 has been safely and reliably transported in the United States since 1972 with zero fatalities over its 50-year history”.