@article{vanderZwaan:6372,
      recid = {6372},
      author = {van der Zwaan, Bob and Gerlagh, Reyer},
      title = {The Economics of Geological CO2 Storage and Leakage},
      address = {2008},
      number = {825-2016-54997},
      series = {CCMP Nota di Lavoro},
      pages = {22},
      year = {2008},
      abstract = {The economics of CO2 capture and storage in relation to  the possibility of significant leakage of CO2 from  geological reservoirs once this greenhouse gas has been  stored artificially underground will be among the main  determinants of whether CCS can significantly contribute to  a deep cut in global CO2 emissions. This paper presents an  analysis of the economic and climatic implications of the  large-scale use of CCS for reaching a stringent climate  change control target, when geological CO2 leakage is  accounted for. The natural scientific uncertainties  regarding the rates of possible leakage of CO2 from  geological reservoirs are likely to remain large for a long  time to come. We present a qualitative description, a  concise analytical inspection, as well as a more detailed  integrated assessment model, proffering insight into the  economics of geological CO2 storage and leakage. Our model  represents three main CO2 emission reduction options:  energy savings, a carbon to non-carbon energy transition  and the use of CCS. We find CCS to remain a valuable option  even with CO2 leakage of a few %/yr, well above the maximum  seepage rates that we think are likely from a  geo-scientific point of view.},
      url = {http://ageconsearch.umn.edu/record/6372},
      doi = {https://doi.org/10.22004/ag.econ.6372},
}