IDEAS home Printed from https://ideas.repec.org/a/gam/jresou/v10y2021i6p61-d570793.html
   My bibliography  Save this article

CC(U)S Initiatives: Public Effects and “Combined Value” Performance

Author

Listed:
  • Alina Ilinova

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

  • Natalia Romasheva

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

  • Alexey Cherepovitsyn

    (Economics, Organization and Management Department, Saint-Petersburg Mining University, 199106 Saint-Petersburg, Russia)

Abstract

The changes in climate, which are associated with the emission of anthropogenic greenhouse gases, have been widely discussed by scientists and specialists during the last few decades. The promising way to reduce CO 2 emission is to implement CC(U)S technologies (carbon capture, (utilization) and storage). However, CC(U)S initiatives are challenging that prevent their widespread adoption. The main purpose of the research is to prove that CC(U)S should be considered broader than a way to reduce emission, and such initiatives could lead to various public effects and create long-term “combined value” for the industry and wider society; all of these should be considered when making decisions on CC(U)S implementation. The results of the research are presented by highlighting bi-directional interaction between CC(U)S and society, including public acceptance and public effects; identifying the possible positive and negative impact of CC(U)S initiatives on the public; developing a system of indicators for assessing the public effects of CC(U)S; proposing the framework for a value at stake analysis (VAS) of CC(U)S initiatives in order to reveal and assess their “combined value”. The methodology of this study includes desk studies, decomposition technique, environment (E), health (H) and safety (S) (EHS) approach, classification techniques, and VAS analysis.

Suggested Citation

  • Alina Ilinova & Natalia Romasheva & Alexey Cherepovitsyn, 2021. "CC(U)S Initiatives: Public Effects and “Combined Value” Performance," Resources, MDPI, vol. 10(6), pages 1-20, June.
    • Handle: RePEc:gam:jresou:v:10:y:2021:i:6:p:61-:d:570793
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2079-9276/10/6/61/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2079-9276/10/6/61/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Paul E. Hardisty & Mayuran Sivapalan & Peter Brooks, 2011. "The Environmental and Economic Sustainability of Carbon Capture and Storage," IJERPH, MDPI, vol. 8(5), pages 1-18, May.
    2. Krahé, Max & Heidug, Wolf & Ward, John & Smale, Robin, 2013. "From demonstration to deployment: An economic analysis of support policies for carbon capture and storage," Energy Policy, Elsevier, vol. 60(C), pages 753-763.
    3. Cloete, Schalk & Hirth, Lion, 2020. "Flexible power and hydrogen production: Finding synergy between CCS and variable renewables," Energy, Elsevier, vol. 192(C).
    4. Zhu, Lin & He, Yangdong & Li, Luling & Wu, Pengbin, 2018. "Tech-economic assessment of second-generation CCS: Chemical looping combustion," Energy, Elsevier, vol. 144(C), pages 915-927.
    5. Charles, Michael B. & Ryan, Rachel & Ryan, Neal & Oloruntoba, Richard, 2007. "Public policy and biofuels: The way forward?," Energy Policy, Elsevier, vol. 35(11), pages 5737-5746, November.
    6. Peter Viebahn & Emile J. L. Chappin, 2018. "Scrutinising the Gap between the Expected and Actual Deployment of Carbon Capture and Storage—A Bibliometric Analysis," Energies, MDPI, vol. 11(9), pages 1-45, September.
    7. Ito, Katsuya, 2017. "CO2 emissions, renewable and non-renewable energy consumption, and economic growth: Evidence from panel data for developing countries," International Economics, Elsevier, vol. 151(C), pages 1-6.
    8. Riahi, Keywan & Rubin, Edward S. & Schrattenholzer, Leo, 2004. "Prospects for carbon capture and sequestration technologies assuming their technological learning," Energy, Elsevier, vol. 29(9), pages 1309-1318.
    9. Sinsel, Simon R. & Riemke, Rhea L. & Hoffmann, Volker H., 2020. "Challenges and solution technologies for the integration of variable renewable energy sources—a review," Renewable Energy, Elsevier, vol. 145(C), pages 2271-2285.
    10. Zhao, Tian & Liu, Zhixin, 2019. "A novel analysis of carbon capture and storage (CCS) technology adoption: An evolutionary game model between stakeholders," Energy, Elsevier, vol. 189(C).
    11. Kalkuhl, Matthias & Wenz, Leonie, 2020. "The impact of climate conditions on economic production. Evidence from a global panel of regions," Journal of Environmental Economics and Management, Elsevier, vol. 103(C).
    12. Carmel Anderson & Jacki Schirmer & Norman Abjorensen, 2012. "Exploring CCS community acceptance and public participation from a human and social capital perspective," Mitigation and Adaptation Strategies for Global Change, Springer, vol. 17(6), pages 687-706, August.
    13. Arning, K. & Offermann-van Heek, J. & Linzenich, A. & Kaetelhoen, A. & Sternberg, A. & Bardow, A. & Ziefle, M., 2019. "Same or different? Insights on public perception and acceptance of carbon capture and storage or utilization in Germany," Energy Policy, Elsevier, vol. 125(C), pages 235-249.
    14. Katsuya Ito, 2017. "CO2 emissions, renewable and non-renewable energy consumption, and economic growth: Evidence from panel data for developing countries," International Economics, CEPII research center, issue 151, pages 1-6.
    15. Soytas, Ugur & Sari, Ramazan & Ewing, Bradley T., 2007. "Energy consumption, income, and carbon emissions in the United States," Ecological Economics, Elsevier, vol. 62(3-4), pages 482-489, May.
    16. Papadis, Elisa & Tsatsaronis, George, 2020. "Challenges in the decarbonization of the energy sector," Energy, Elsevier, vol. 205(C).
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Alexey Cherepovitsyn & Tatiana Chvileva & Sergey Fedoseev, 2020. "Popularization of Carbon Capture and Storage Technology in Society: Principles and Methods," IJERPH, MDPI, vol. 17(22), pages 1-24, November.
    2. Kahia, Montassar & Moulahi, Tarek & Mahfoudhi, Sami & Boubaker, Sabri & Omri, Anis, 2022. "A machine learning process for examining the linkage among disaggregated energy consumption, economic growth, and environmental degradation," Resources Policy, Elsevier, vol. 79(C).
    3. Acheampong, Alex O. & Dzator, Janet & Savage, David A., 2021. "Renewable energy, CO2 emissions and economic growth in sub-Saharan Africa: Does institutional quality matter?," Journal of Policy Modeling, Elsevier, vol. 43(5), pages 1070-1093.
    4. Villanthenkodath, Muhammed Ashiq & Mahalik, Mantu Kumar, 2021. "Does economic growth respond to electricity consumption asymmetrically in Bangladesh? The implication for environmental sustainability," Energy, Elsevier, vol. 233(C).
    5. Marius Dalian Doran & Maria Magdalena Poenaru & Alexandra Lucia Zaharia & Sorana Vătavu & Oana Ramona Lobonț, 2022. "Fiscal Policy, Growth, Financial Development and Renewable Energy in Romania: An Autoregressive Distributed Lag Model with Evidence for Growth Hypothesis," Energies, MDPI, vol. 16(1), pages 1-18, December.
    6. Martín Olivera & Verónica Segarra, 2021. "Calidad ambiental y crecimiento económico: análisis dinámico para América Latina y el Caribe," Revista de Economía del Rosario, Universidad del Rosario, vol. 24(2), December.
    7. Marques, António Cardoso & Fuinhas, José Alberto & Neves, Sónia Almeida, 2018. "Ordinary and Special Regimes of electricity generation in Spain: How they interact with economic activity," Renewable and Sustainable Energy Reviews, Elsevier, vol. 81(P1), pages 1226-1240.
    8. Jianguo Zhou & Baoling Jin & Shijuan Du & Ping Zhang, 2018. "Scenario Analysis of Carbon Emissions of Beijing-Tianjin-Hebei," Energies, MDPI, vol. 11(6), pages 1-17, June.
    9. Mounir Dahmani & Mohamed Mabrouki & Ludovic Ragni, 2021. "Decoupling Analysis of Greenhouse Gas Emissions from Economic Growth: A Case Study of Tunisia," Energies, MDPI, vol. 14(22), pages 1-15, November.
    10. Satria Tirtayasa & A. Akrim & Ade Gunawan & Emilda Sulasmi & Hastin Umi Anisah, 2021. "Significance of Economic Activities in Environmental Protection: Evidence from a Panel of 4-ASEAN Economies," International Journal of Energy Economics and Policy, Econjournals, vol. 11(2), pages 420-426.
    11. Shahbaz, Muhammad & Raghutla, Chandrashekar & Chittedi, Krishna Reddy & Jiao, Zhilun & Vo, Xuan Vinh, 2020. "The effect of renewable energy consumption on economic growth: Evidence from the renewable energy country attractive index," Energy, Elsevier, vol. 207(C).
    12. Liang Xie & Xianzhong Mu & Kuanyuting Lu & Dongou Hu & Guangwen Hu, 2023. "The time-varying relationship between CO2 emissions, heterogeneous energy consumption, and economic growth in China," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(8), pages 7769-7793, August.
    13. Galadima, Ahmad & Muraza, Oki, 2019. "Catalytic thermal conversion of CO2 into fuels: Perspective and challenges," Renewable and Sustainable Energy Reviews, Elsevier, vol. 115(C).
    14. Amir Iqbal & Xuan Tang & Samma Faiz Rasool, 2023. "Investigating the nexus between CO2 emissions, renewable energy consumption, FDI, exports and economic growth: evidence from BRICS countries," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 25(3), pages 2234-2263, March.
    15. Marques, António Cardoso & Junqueira, Thibaut Manuel, 2022. "European energy transition: Decomposing the performance of nuclear power," Energy, Elsevier, vol. 245(C).
    16. Marius-Corneliu Marinaș & Marin Dinu & Aura-Gabriela Socol & Cristian Socol, 2018. "Renewable energy consumption and economic growth. Causality relationship in Central and Eastern European countries," PLOS ONE, Public Library of Science, vol. 13(10), pages 1-29, October.
    17. Adrien Nicolle & Diego Cebreros & Olivier Massol & Emma Jagu, 2023. "Modeling CO2 pipeline systems: An analytical lens for CCS regulation," Post-Print hal-04297191, HAL.
    18. Kangyin Dong & Xiucheng Dong & Qingzhe Jiang, 2020. "How renewable energy consumption lower global CO2 emissions? Evidence from countries with different income levels," The World Economy, Wiley Blackwell, vol. 43(6), pages 1665-1698, June.
    19. Lei, Xiying & Alharthi, Majed & Ahmad, Ishtiaq & Aziz, Babar & Abdin, Zain ul, 2022. "Importance of international relations for the promotion of renewable energy, preservation of natural resources and environment: Empirics from SEA nations," Renewable Energy, Elsevier, vol. 196(C), pages 1250-1257.
    20. Matheus Koengkan, 2018. "The decline of environmental degradation by renewable energy consumption in the MERCOSUR countries: an approach with ARDL modeling," Environment Systems and Decisions, Springer, vol. 38(3), pages 415-425, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jresou:v:10:y:2021:i:6:p:61-:d:570793. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.