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We have conducted a detailed analysis of costs associated with today’s technology for CO2 separation and capture at three types of power plants: integrated coal gasification combined cycles (IGCC), pulverized coal-fired simple cycles (PC), and natural gas-fired combined cycles (NGCC). The analysis was based on studies from the literature that analyzed the economics of capturing CO2 emitted at power plants. In this paper, we present a composite cost model and perform a sensitivity analysis to identify the cost-drivers for capture. We conclude that with new developments, CO2 capture and sequestration can become a cost-effective mitigation pathway.