Feasibility Study on a CCS Pilot Project in Indonesia

Shigeru Kimura, Yuika Iwabuchi, Kuniyuki Nishimura, Tetsuya Nomoto, Ryotaro Saito and Kikuko Shinchi
Additional contact information
Shigeru Kimura: Economic Research Institute for ASEAN and East Asia (ERIA)

No 2024-RPR-34 in Books from Economic Research Institute for ASEAN and East Asia (ERIA)

Abstract: The Asia CCUS Network, led by ERIA, plans to pilot a carbon capture and storage (CCS) project in ASEAN post-2025, with the goal of achieving commercial operations by 2030. The study focuses on large-scale coal power plants in ASEAN with significant remaining operational life. Cost analysis based on actual power stations in Indonesia estimates CCS costs at US$71 per tonne, highlighting major financial challenges due to low carbon prices and regulatory gaps. To address these hurdles, the study recommends a consortium-based full-chain model for early CCS projects, transitioning to a hub-and-cluster model with dedicated services as the regulatory and financial framework matures. To overcome financial barriers and accelerate CCS deployment, blended finance – combining international and private funding – is advised. This approach could facilitate investment while supporting regional GHG emissions reduction strategies.

Date: 2024
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www.eria.org/uploads/Feasibility-Study-on- ... ect-in-Indonesia.pdf

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:era:eriabk:2024-rpr-34

Access Statistics for this book

More books in Books from Economic Research Institute for ASEAN and East Asia (ERIA) Contact information at EDIRC.
Bibliographic data for series maintained by Ranti Amelia ( this e-mail address is bad, please contact ).