Economics at your fingertips  

Promoting global CCS RDD&D by stronger U.S.–China collaboration

Jiahai Yuan and Thomas Lyon ()

Renewable and Sustainable Energy Reviews, 2012, vol. 16, issue 9, 6746-6769

Abstract: Carbon capture and storage (CCS) is the only technology available to mitigate greenhouse gas (GHG) emissions from large-scale fossil fuel usage. U.S. and China are the world’s largest GHG emitters. Collaboration between the two nations, therefore, offers the greatest opportunity for achieving meaningful reductions in global GHG emissions. Two countries’ current cooperation on CCS through Clean Energy Research Center based on the U.S.–China Strategic Forum on Clean Energy Cooperation mechanism provides an important initial step towards even closer and stronger cooperation in the future. In this paper, we justify such possibility by discourse on the seemly different but complementary social–political context in two countries including political system, government structure, economic policy, national innovation system, energy strategy, and energy market structure. We further address the key elements of future cooperation model by carefully considering the principle of equality and mutual beneficiary, the role of two countries in the whole value chain according to their comparative advantages, and the scale and mechanism of the funding. A milestone for the cooperation until 2030 is drafted and priority areas for both countries in the cooperation are identified. Such cooperation will provide the imperative leadership for global climate change and speed up the global CCS deployment.

Keywords: Carbon capture and storage; Research development, Demonstration & deployment; The U.S.–China energy cooperation (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
Full text for ScienceDirect subscribers only

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:

Ordering information: This journal article can be ordered from
http://www.elsevier. ... 600126/bibliographic

DOI: 10.1016/j.rser.2012.08.014

Access Statistics for this article

Renewable and Sustainable Energy Reviews is currently edited by L. Kazmerski

More articles in Renewable and Sustainable Energy Reviews from Elsevier
Bibliographic data for series maintained by Haili He ().

Page updated 2021-02-01
Handle: RePEc:eee:rensus:v:16:y:2012:i:9:p:6746-6769