Carbon Capture, Usage, and Storage (CCUS) Implications in Thailand

Weerawat Chantanakome

Chapter 3 in Energy Transition and Carbon Neutrality in ASEAN:Developing Carbon Capture, Utilization and Storage Technologies, 2024, pp 69-89 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Escalating global energy demand, largely met through fossil fuel consumption, has driven surging carbon emissions, posing a substantial threat to climate change. Thailand has committed to achieving net zero emissions by 2065 and carbon neutrality by 2050 as part of the Paris Agreement and the 26th annual session of the Conference of the Parties (COP 26) in 2021. Various policies and mitigation options have been implemented in Thailand, including adopting electric vehicles, biofuels, green building practices, energy conservation, and renewable energy sources. This chapter mainly focuses on carbon capture, usage, and storage (CCUS) technology and explores its potential as a critical decarbonization tool to address Thailand’s increasing energy demand and greenhouse gas emissions. Successful deployment requires that government and industry collaborate to establish a sustainable market and achieve cost reductions. It concludes that scaling up CCUS technologies and fostering CCUS collaborations are crucial for achieving a cleaner, sustainable energy future.

Keywords: Carbon Capture; Utilization and Storage; Decarbonization and Net-Zero; Energy Transition; Development and Deployment; Policy Barriers and Pathways; Political Economy (search for similar items in EconPapers)
JEL-codes: O13 P28 Q4 Q43 Q5 (search for similar items in EconPapers)
Date: 2024
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