Unlocking Economic Viability: Policies for Encouraging Carbon Capture, Utilization, and Storage

Farhad Taghizadeh-Hesary, Han Phoumin and Lilu Vandercamme

Chapter 10 in Energy Transition and Carbon Neutrality in ASEAN:Developing Carbon Capture, Utilization and Storage Technologies, 2024, pp 253-270 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Carbon capture, utilization, and storage (CCUS) has the potential to play a crucial role in mitigating climate change by capturing CO2 emissions from industry and power generation, thereby fostering green development. Utilizing CCUS will impose higher costs on many industries, however, making the private sector less eager to invest in it. Following a review of the literature and policies that some businesses have implemented, this chapter provides practical recommendations for making CCUS economically feasible, including technological advancements, policy support, and market mechanisms.

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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