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Obstacle Identification and Analysis to the Commercialization of CCUS Technology in China under the Carbon Neutrality Target

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  • Yanting Sun

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China
    Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing 102206, China)

  • Yanbin Li

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China
    Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing 102206, China)

  • Feng Zhang

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China
    Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing 102206, China)

  • Chang Liu

    (School of Economics and Management, North China Electric Power University, Beijing 102206, China
    Beijing Key Laboratory of New Energy and Low-Carbon Development, North China Electric Power University, Beijing 102206, China)

Abstract

As the largest emitter of carbon dioxide all over the world, China requires a rapid breakthrough and large-scale commercial application of carbon capture, utilization and sequestration (CCUS) technology to achieve the 2060 carbon neutrality target. However, the process of CCUS technology commercialization in China is quite slow. Firstly, an obstacle system with 15 factors is established based on a literature review and expert consultation, namely on economic, technical, political, market, and social obstacles. Secondly, taking into account the uncertainty and randomness inherent in subjective judgment, Vague set is introduced for the first time to improve the DEMATEL-ANP (DANP) method in order to analyze comprehensive importance and causal relationship of obstacles. According to the study, in advancing CCUS’s commercialization in China, economic obstacles are simply the tip of the iceberg, with the deeper reasons rooted in political obstacles. Specifically, seven critical obstacles are lack of standards and regulations, inadequate legal and regulatory framework, insufficient incentive policies, limited carbon dioxide conversion efficiency, high energy consumption, low rate of return on investments and low investment enthusiasm of enterprise. We conclude with a series of recommendations to address these obstacles, and these findings can be used as a guide for government regulation and business practice.

Suggested Citation

  • Yanting Sun & Yanbin Li & Feng Zhang & Chang Liu, 2022. "Obstacle Identification and Analysis to the Commercialization of CCUS Technology in China under the Carbon Neutrality Target," Energies, MDPI, vol. 15(11), pages 1-25, May.
    • Handle: RePEc:gam:jeners:v:15:y:2022:i:11:p:3964-:d:825827
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    Cited by:

    1. Zhixing Li & Xin He & Zhuojun Ding & Md. Mehrab Hossain & Md. Tanvir Rahman Rifat & Md. Habibur Rahman Sobuz & Yafei Zhao, 2024. "Analysis of influencing factors for housing construction technology in Desakota Village and town communities in China," Palgrave Communications, Palgrave Macmillan, vol. 11(1), pages 1-17, December.
    2. Wang, Zhoujie & Zhu, Jianzhong & Li, Songyan, 2023. "Novel strategy for reducing the minimum miscible pressure in a CO2–oil system using nonionic surfactant: Insights from molecular dynamics simulations," Applied Energy, Elsevier, vol. 352(C).

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