IDEAS home Printed from https://ideas.repec.org/b/era/eriabk/2024-rpr-16.html
   My bibliography  Save this book

Comprehensive CCUS Research Report: Storage, Value Chain, Policy & Regulation and Financing

Editor

Listed:
  • GCCSI
  • Economic Research Institute for ASEAN and East Asia (ERIA)

Author

Listed:
  • GCCSI
  • ERIA (Economic Research Institute for ASEAN and East Asia)

Abstract

Carbon Capture, Utilisation, and Storage (CCUS) is a crucial technology for achieving carbon neutrality in the Asia region by 2050–2070. While many CCUS projects are currently underway globally, most are focused on Enhanced Oil Recovery (EOR) and Enhanced Gas Recovery (EOG), primarily led by international oil companies (IOCs) such as BP (British Petroleum). Additionally, some Carbon Capture and Storage (CCS) projects are supported through public financing. To transition CCS projects to a commercial basis in the Asia region, particularly in Southeast Asia, several key issues need to be addressed: 1. Potential CO2 storage capacity, 2. Legal and policy frameworks, 3. Financial frameworks, and 4. The CO2 value chain, which connects CO2-emitting countries with CO2-storing nations. The Economic Research Institute for ASEAN and East Asia (ERIA) commissioned the Global CCS Institute (GCCSI) to study these four critical areas, leveraging GCCSI’s extensive experience and expertise in CCS and CCUS. This report highlights: 1. The significant CO2 storage capacity in the ASEAN region, 2. The need for appropriate and regionally harmonised CCUS regulations, 3. The development of financing mechanisms, especially through public– private partnerships like the Joint Credit Mechanism (JCM), and 4. The establishment of an institution to support cross-border CO2 trade within the Asia region.

Suggested Citation

  • GCCSI & ERIA (Economic Research Institute for ASEAN and East Asia), 2024. "Comprehensive CCUS Research Report: Storage, Value Chain, Policy & Regulation and Financing," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2024-RPR-16 edited by GCCSI & Economic Research Institute for ASEAN and East Asia (ERIA), October.
    • Handle: RePEc:era:eriabk:2024-rpr-16
    as

    Download full text from publisher

    File URL: https://www.eria.org/uploads/Comprehensive-CCUS-Research-Report.pdf
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    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:era:eriabk:2024-rpr-16. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Ranti Amelia (email available below). General contact details of provider: https://edirc.repec.org/data/eriadid.html .

    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.