Consumer Attitudes towards Industrial CO 2 Capture and Storage Products and Technologies

Valentina Kashintseva, Wadim Strielkowski, Justas Streimikis and Tatiana Veynbender
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Valentina Kashintseva: Department of Physics and Aerodynamics, Moscow State University of Civil Engineering—National Research University, Yaroslavskoye Shosse 26, 129337 Moscow, Russia
Justas Streimikis: Lithuanian Institute of Agricultural Economics, V. Kudirkos g. 18, 01113 Vilnius, Lithuania
Tatiana Veynbender: Department of Economics and Production Management, Tyumen Industrial University, Volodarskogo Street 38, 625000 Tyumen, Russia

Energies, 2018, vol. 11, issue 10, 1-14

Abstract: This paper discusses and elicits consumer attitudes towards industrial carbon dioxide (CO 2 ) capture and storage (ICCS) products and technologies. It presents a comprehensive review of the relevant research literature on consumer attitudes towards ICCS represented by the willingness-to-pay (WTP) and willingness-to-accept (WTA) negative externalities and outcomes of the carbon capture and storage (the so-called “not-in-my-backyard” (NIMBY) approach). In addition, it employs a concise empirical model that uses the data from the online questionnaire survey conducted in 7 European Union (EU) countries with and without ICSS sites. Our results demonstrate that having at least one ICCS site significantly reduces the WTA for the ICCS products and technologies. It is shown that further increase of ICCS sites, including those in the neighboring regions and countries, leads to the increase of negative consumer attitudes to the ICCS technologies and renewable energy policies. It becomes apparent that the majority of consumers are willing to support industrial CO 2 capture and storage only if it happens far away from their dwellings. The outcomes of this paper might be informative for the EU local industries and policy-makers who are planning the location of ICCS sites and optimizing the public support for their endeavors. Moreover, they might be relevant for the stakeholders dealing with the threat of climate change and the necessity for the decarbonization of the economy.

Keywords: carbon capture and storage; energy efficiency; CO 2 emissions; consumer attitudes; sustainable technologies; energy and power (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2018
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (6)

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