Farhad Taghizadeh-Hesary, Lilu Vandercamme, Han Phoumin
{"title":"Enhancing the Economic Feasibility of Carbon Capture, Utilisation, and Storage (CCUS) Projects","authors":"Farhad Taghizadeh-Hesary, Lilu Vandercamme, Han Phoumin","doi":"10.1142/s1464333223500242","DOIUrl":null,"url":null,"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.","PeriodicalId":35909,"journal":{"name":"Journal of Environmental Assessment Policy and Management","volume":"55 19","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2024-01-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Journal of Environmental Assessment Policy and Management","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1142/s1464333223500242","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q1","JCRName":"Social Sciences","Score":null,"Total":0}
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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.
期刊介绍：
The Journal of Environmental Assessment Policy and Management is an interdisciplinary, peer reviewed, international journal covering policy and decision-making relating to environmental assessment (EA) in the broadest sense. Uniquely, its specific aim is to explore the horizontal interactions between assessment and aspects of environmental management (not just the vertical interactions within the broad field of impact assessment) and thereby to identify comprehensive approaches to environmental improvement involving both qualitative and quantitative information. As the concepts associated with sustainable development mature, links between environmental assessment and management systems become all the more essential.
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