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Enhancing the Economic Feasibility of Carbon Capture, Utilisation, and Storage (CCUS) Projects

Farhad Taghizadeh-Hesary, Lilu Vandercamme and Han Phoumin ()
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Farhad Taghizadeh-Hesary: School of Global Studies & TOKAI Research Institute for Environment and Sustainability (TRIES), Tokai University, Japan†Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon
Lilu Vandercamme: ��School of Economics, Keio University, Tokyo, Japan
Han Phoumin: �Economic Research for ASEAN and East Asia (ERIA), Jakarta, Indonesia

Journal of Environmental Assessment Policy and Management (JEAPM), 2024, vol. 26, issue 01, 1-23

Abstract: Carbon capture, utilisation, and storage (CCUS) technologies have the potential to play a crucial role in mitigating climate change by capturing CO2 emissions from industrial processes and power generation. This study aims to explore the economic feasibility of CCUS and provide practical policy recommendations for making CCUS technologies economically feasible. The findings emphasise the importance of integrated policy frameworks, carbon pricing mechanisms, R&D investments, international collaboration, regulatory certainty, public awareness, and industry collaboration to unlock the potential of CCUS.

Keywords: Carbon capture and utilisation; climate mitigation; green development; economic viability; environmental regulations; carbon pricing (search for similar items in EconPapers)
Date: 2024
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DOI: 10.1142/S1464333223500242

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