Analysis of the State of the Art of International Policies and Projects on CCU for Climate Change Mitigation with a Focus on the Cases in Korea

Seok-ho Jung, Seong-ho Lee, Jihee Min, Mee-hye Lee and Ji Whan Ahn
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Seok-ho Jung: Department of Earth and Environmental Sciences, Korea University, Seoul 02841, Korea
Seong-ho Lee: Center for Carbon Mineralization, Mineral Resources Research Division, Korea Institute of Geoscience and Mineral Resources (KIGAM), 124 Gwahak-ro, Yuseong-gu, Daejeon 34132, Korea
Jihee Min: Center for Carbon Mineralization, Mineral Resources Research Division, Korea Institute of Geoscience and Mineral Resources (KIGAM), 124 Gwahak-ro, Yuseong-gu, Daejeon 34132, Korea
Mee-hye Lee: Department of Earth and Environmental Sciences, Korea University, Seoul 02841, Korea
Ji Whan Ahn: Center for Carbon Mineralization, Mineral Resources Research Division, Korea Institute of Geoscience and Mineral Resources (KIGAM), 124 Gwahak-ro, Yuseong-gu, Daejeon 34132, Korea

Sustainability, 2020, vol. 13, issue 1, 1-12

Abstract: In 2016, the Korean government selected carbon capture and utilization (CCU) as one of the national strategic projects and presented a detailed roadmap to reduce greenhouse gas emissions and to create new climate industries through early demonstration of CCU technology. The Korean government also established the 2030 Greenhouse Gas Reduction Roadmap in 2016 and included carbon capture, utilization, and storage (CCUS) technology in the new energy industry sector as a CCU technology. The Korean government recognizes the importance of CCUS technology as a mid- to long-term measure to reduce greenhouse gas emissions and implements policies related to technological development. The United States (U.S.), Germany, and China also expect CCUS technology to play a major role in reducing greenhouse gases in the industrial sector in terms of climate and energy policy. This study analyzed the CCU-related policies and technological trends in the U.S., Germany, and China, including major climate and energy plans, driving roadmaps, some government-led projects, and institutional support systems. This work also statistically analyzed 447 CCU and CCUS projects in Korea between 2010 and 2017. It is expected to contribute to responding to climate change, promoting domestic greenhouse gas reduction, and creating future growth engines, as well as to be used as basic data for establishing CCU-related policies in Korea.

Keywords: carbon capture and utilization; climate change; CCS; CCU; CCUS (search for similar items in EconPapers)
JEL-codes: O13 Q Q0 Q2 Q3 Q5 Q56 (search for similar items in EconPapers)
Date: 2020
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