Ever since industrialization occurred, there has been an increase in the burning of fossil fuels to meet the high energy demands. The use of such fuels causes emission of carbon dioxide (CO2) and other greenhouse gases which lead to global warming. Such a warming may have a highly injurious impact to life on Earth. One way to alleviate this is to reduce the use of such fuels. An alternative method is to capture and store the emitted CO2 to stop it from polluting the atmosphere. This is known as carbon capture and storage. This study discusses the methods and economics associated with the same.