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Carbon Capture and Storage in Hydrogen Production: World Experience and Growth of Export Opportunities of the Russian Hydrogen Sector

Author

Listed:
  • Vladimir M. Matyushok

    (Department of Economic and Mathematical Modeling, RUDN University, Moscow, Russia)

  • Anastasiia V. Sinelnikova

    (Department of Chemistry and High Technology, Kuban State University, Krasnodar, Russia)

  • Sergey B. Matyushok

    (Department of Economic and Mathematical Modeling, RUDN University, Moscow, Russia)

  • Diana Pamela Chavarry Galvez

    (Department of Economic and Mathematical Modeling, RUDN University, Moscow, Russia)

Abstract

The purpose of this paper is a review of the commercialization and demonstration of CCS projects and an analysis of the commercial prospects for CCS industrial application in the production of low-carbon hydrogen in Russia and globally. The research was carried out using the methods of literature review, detailed analysis of regulatory documents, descriptive statistics, meta-analysis, and case studies. The results of the study clearly show that the widespread introduction of carbon capture and storage technologies can significantly affect the future development of the global energy market and the share of the Russian Federation in it. Despite the growing share of renewable energy in the global energy balance and the production of innovative energy products, the prospects for completely ousting hydrocarbon fuels from the market currently seem unattainable. Therefore, decarbonization of the global economy is impossible without the development of CCS in the coming decades.

Suggested Citation

  • Vladimir M. Matyushok & Anastasiia V. Sinelnikova & Sergey B. Matyushok & Diana Pamela Chavarry Galvez, 2024. "Carbon Capture and Storage in Hydrogen Production: World Experience and Growth of Export Opportunities of the Russian Hydrogen Sector," International Journal of Energy Economics and Policy, Econjournals, vol. 14(1), pages 507-516, January.
    • Handle: RePEc:eco:journ2:2024-01-55
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    References listed on IDEAS

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    More about this item

    Keywords

    Decarbonization; Carbon Capture and Storage; Hydrogen Production; CAPEX; OPEX; LCOH;
    All these keywords.

    JEL classification:

    • Q20 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - General
    • Q42 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy - - - Alternative Energy Sources
    • Q55 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environmental Economics: Technological Innovation
    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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