Insights and Guidance for China’s Offshore CO 2 Storage Development: Evidence from Global Experience

Tao Zhang, Linqiang Wu, Wei Yan (), Zuofei Zhu, Pibo Su, Chengzhu Jiang, Yutong Fu and Huai Cheng
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Tao Zhang: Development and Research Center, China Geological Survey, Beijing 100032, China
Linqiang Wu: Development and Research Center, China Geological Survey, Beijing 100032, China
Wei Yan: Sanya Institute of South China Sea Geology, Guangzhou Marine Geological Survey, Sanya 572025, China
Zuofei Zhu: Sanya Institute of South China Sea Geology, Guangzhou Marine Geological Survey, Sanya 572025, China
Pibo Su: Sanya Institute of South China Sea Geology, Guangzhou Marine Geological Survey, Sanya 572025, China
Chengzhu Jiang: Development and Research Center, China Geological Survey, Beijing 100032, China
Yutong Fu: Sanya Institute of South China Sea Geology, Guangzhou Marine Geological Survey, Sanya 572025, China
Huai Cheng: Sanya Institute of South China Sea Geology, Guangzhou Marine Geological Survey, Sanya 572025, China

Energies, 2024, vol. 17, issue 12, 1-12

Abstract: Through extensive data research and analysis, this paper comprehensively summarizes the status and key insights of global carbon dioxide capture and storage (CCS) development. It aims to gain a comprehensive understanding of the relevant policies, technologies, and security measures adopted by major countries in their CCS development processes. Furthermore, it explores the existing status and limitations of China’s offshore development efforts, while providing valuable recommendations for enhancing China’s offshore CCS initiatives, as well as serving as a reference for other nations worldwide. Offshore CCS plays a crucial role for China to achieve the development target of carbon peak and carbon neutrality, due to its energy structure and industrial distribution. While China possesses significant offshore CCS potential, achieving commercialization still requires substantial efforts. To facilitate the process and draw insights from successful experiences in other countries, this paper illustrates the characteristics and generalizes the experience of offshore CCS industry practices in America, Europe and Japan, respectively. Furthermore, it is recommended that a new round of investigation into offshore CCS potential be conducted, while promoting integrated collaboration between geological surveying and marine scientific research. Additionally, further research on industrial policies and green financial strategies should be undertaken.

Keywords: offshore CCS; China; global experience; geological survey; suggestions (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: 2024
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