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Feasibility Study on a CCS Pilot Project in Indonesia

Editor

Listed:
  • Shigeru Kimura
  • Yuika Iwabuchi
  • Kuniyuki Nishimura
  • Tetsuya Nomoto
  • Ryotaro Saito
  • Kikuko Shinchi

Author

Listed:
  • Shigeru Kimura

    (Economic Research Institute for ASEAN and East Asia (ERIA))

  • Yuika Iwabuchi
  • Kuniyuki Nishimura
  • Tetsuya Nomoto
  • Ryotaro Saito
  • Kikuko Shinchi

Abstract

The Asia CCUS Network, led by ERIA, plans to pilot a carbon capture and storage (CCS) project in ASEAN post-2025, with the goal of achieving commercial operations by 2030. The study focuses on large-scale coal power plants in ASEAN with significant remaining operational life. Cost analysis based on actual power stations in Indonesia estimates CCS costs at US$71 per tonne, highlighting major financial challenges due to low carbon prices and regulatory gaps. To address these hurdles, the study recommends a consortium-based full-chain model for early CCS projects, transitioning to a hub-and-cluster model with dedicated services as the regulatory and financial framework matures. To overcome financial barriers and accelerate CCS deployment, blended finance – combining international and private funding – is advised. This approach could facilitate investment while supporting regional GHG emissions reduction strategies.

Suggested Citation

  • Shigeru Kimura & Yuika Iwabuchi & Kuniyuki Nishimura & Tetsuya Nomoto & Ryotaro Saito & Kikuko Shinchi, 2024. "Feasibility Study on a CCS Pilot Project in Indonesia," Books, Economic Research Institute for ASEAN and East Asia (ERIA), number 2024-RPR-34 edited by Shigeru Kimura & Yuika Iwabuchi & Kuniyuki Nishimura & Tetsuya Nomoto & Ryotaro Saito & Kikuko Shinc, December.
    • Handle: RePEc:era:eriabk:2024-rpr-34
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