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From April 2012 – January 2013, a team from the Rotterdam Climate Initiative, CATO-2 (the Dutch national R&D programme on CCS) and the Clinton Climate Initiative, developed a financial model to assess the economics of alternative CO2 transport and storage options in the North Sea, based on common user infrastructure.
A steering group of major emitters with advanced plans for CCS in the Netherlands and Belgium guided the project and were the primary recipients of the analysis, aiming to support the necessary strategic dialogue between stakeholders developing CCS projects in the region.
Although the work was focused on potential projects in the Netherlands (Rotterdam and Eemshaven) and Belgium (Antwerp) in the short to medium term, the analysis and lessons could be useful to other regions considering CO2 network solutions.
In addition to the knowledge sharing report, a simple financial model based on public data has been made available for use elsewhere in the world.
The Global CCS Institute webinar that was held on Tuesday 4th June examined how the project was set up, the key lessons from the analysis and the steering group’s recommendations for near-term action to address the issues raised by this project. The webinar also provided practical advice for other regions looking to replicate the analysis.