The Political Economy of Carbon Capture, Use, and Storage

David Havyatt, Rabindra Nepal and David Johnstone

Chapter 11 in Energy Transition and Carbon Neutrality in ASEAN:Developing Carbon Capture, Utilization and Storage Technologies, 2024, pp 271-303 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Policymakers often overlook the political and economic challenges pertaining to the development and deployment of carbon capture, use, and storage (CCUS), even as they consider CCUS a technological solution to combat climate change. This chapter accordingly draws on a political economy analysis to question this notion, synthesizing five important propositions. We identify the CCUS analysis frames of technology, markets, environment, and society. Two important policy lessons are drawn regarding CCUS best practices: avoiding strategy lock-ins and actively working on alternate energy sources. The chapter concludes that political economy challenges inherent to CCUS may mean that overt reliance on its eventual development may be a high-risk strategy where climate change is concerned. Conversely, the policy goal of achieving a secure energy supply, especially in developing economies, may be well served as CCUS will prolong continued cheaper coal usage instead of abandonment.

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
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.worldscientific.com/doi/pdf/10.1142/9789811288050_0011 (application/pdf)
https://www.worldscientific.com/doi/abs/10.1142/9789811288050_0011 (text/html)
Ebook Access is available upon purchase.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:wsi:wschap:9789811288050_0011

Ordering information: This item can be ordered from

Access Statistics for this chapter

More chapters in World Scientific Book Chapters from World Scientific Publishing Co. Pte. Ltd.
Bibliographic data for series maintained by Tai Tone Lim ().