Quantitative Risk Assessment (Topical Report)
Carbon capture, utilization, and storage (CCUS) in geological formations plays a key role in mitigating anthropogenic CO 2 emissions and achieving the aggressive goal of net-zero greenhouse gas emissions. Quantitative risk assessment is crucial for ensuring the safety and reliability of geologic carbon storage (GCS) by evaluating CO 2 migration in subsurface, forecasting potential leakage and induced seismicity risks, and optimizing operational and monitoring plans. We present the use, progress, and research trends of risk assessment from the Southwest Regional Partnership on Carbon Sequestration (SWP) as an example of large-scale CCUS projects in North America. The information provided in this report can help readers understand the significance of risk and uncertainty assessment and apply them effectively in large-scale CCUS projects.