Carbon Capture and Sequestration Kyle Blazer, Ben Jensen, Dhivya Manickam
May 12, 2022
Carbon Capture and Storage (CCS) is one of the most promising climate crisis solutions. An optimized tax plan could fund carbon capture with a rate of $50 per ton and a 5% growth rate. This provides a basis for an economic plan that would support the funding and development of CCS facilities. A tax model is presented that compiled emissions data with CCS technology costs to simulate the optimized tax plan in a 40 year time frame. Our model finds that the amount of carbon dioxide emissions captured under our plan will exceed yearly emissions within 23 years. A US map is presented with ideal locations for CCS facilities based on emissions data and storage/sequestration. The locations are identified as Ventura Basin, Appalachian Basin, Atlantic Coastal Plain, and US Gulf Coast. These components are proposed as crucial to a realistic plan for implementing CCS as a solution to the climate crisis.