A new online interactive dashboard that allows users to measure the costs of transporting carbon to any region in Europe has been launched.
Developed by global energy consultancy Xodus, in partnership with the Carbon Capture Storage Association (CCSA), the tool will help industry to interact with and analyse the economics of different carbon capture, utilisation and storage (CCUS) options.
This dashboard - which captures economic modelling of the transport and storage of CO2 in Europe (EU-EEA-UK) - means emitters can now assess the cost of transferring their CO2 to any offshore storage site in Europe. At the same time, storage operators will be able to visualise where the demand for their services is located, while policymakers can use the information to define regulatory solutions that support optimisation of infrastructure access
Developed by an integrated team including advisory experts, energy development specialists and geospatial consultants over the course of 18 months, there is an ambition to add to the dashboard to ensure that it remains live and accurate as the sector matures and costs change.
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