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A Policy Strategy for Carbon Capture and Storage

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Abstract

Successful deployment of carbon capture and storage (CCS) is critically dependent on comprehensive policy support. While policy plays an important role in the deployment of many low-carbon technologies, it is especially crucial for CCS. This is because, in contrast to renewable energy or applications of energy efficiency, CCS generates no revenue, nor other market benefits, so long as there is no price on CO2 emissions. It is both costly to install and, once in place, has increased operating costs. Effective, well-designed policy support is essential in overcoming these barriers and the subsequent deployment of CCS technology. This guide for policy makers aims to assist those involved in designing national and international policies around CCS. It covers development of CCS from its early stages through to wide-scale deployment of the technology. The focus is both on incentives for conventional fossil-fuel CCS and for bioenergy with CCS (BECCS).

Suggested Citation

  • Iea, 2012. "A Policy Strategy for Carbon Capture and Storage," IEA Energy Papers 2012/4, OECD Publishing.
    • Handle: RePEc:oec:ieaaaa:2012/4-en
    DOI: 10.1787/5k9gshq1n29t-en
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    Cited by:

    1. Koelbl, Barbara S. & van den Broek, Machteld A. & Wilting, Harry C. & Sanders, Mark W.J.L. & Bulavskaya, Tatyana & Wood, Richard & Faaij, André P.C. & van Vuuren, Detlef P., 2016. "Socio-economic impacts of low-carbon power generation portfolios: Strategies with and without CCS for the Netherlands," Applied Energy, Elsevier, vol. 183(C), pages 257-277.
    2. Hong, Sanghyun & Bradshaw, Corey J.A. & Brook, Barry W., 2014. "Nuclear power can reduce emissions and maintain a strong economy: Rating Australia’s optimal future electricity-generation mix by technologies and policies," Applied Energy, Elsevier, vol. 136(C), pages 712-725.
    3. Bobo Zheng & Jiuping Xu, 2014. "Carbon Capture and Storage Development Trends from a Techno-Paradigm Perspective," Energies, MDPI, vol. 7(8), pages 1-30, August.
    4. Dominique Thronicker & Ian Lange, 2014. "Determining the Success of Carbon Capture and Storage Projects," Working Papers 2014-14, Colorado School of Mines, Division of Economics and Business.
    5. Pani, Ratnakar & Mukhopadhyay, Ujjaini, 2013. "Management accounting approach to analyse energy related CO2 emission: A variance analysis study of top 10 emitters of the world," Energy Policy, Elsevier, vol. 52(C), pages 639-655.
    6. Prasad, Ravita D. & Bansal, R.C. & Raturi, Atul, 2017. "A review of Fiji's energy situation: Challenges and strategies as a small island developing state," Renewable and Sustainable Energy Reviews, Elsevier, vol. 75(C), pages 278-292.
    7. 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.
    8. Kraxner, Florian & Aoki, Kentaro & Leduc, Sylvain & Kindermann, Georg & Fuss, Sabine & Yang, Jue & Yamagata, Yoshiki & Tak, Kwang-Il & Obersteiner, Michael, 2014. "BECCS in South Korea—Analyzing the negative emissions potential of bioenergy as a mitigation tool," Renewable Energy, Elsevier, vol. 61(C), pages 102-108.
    9. Phillips, Jason & Whiting, Kai, 2016. "A geocybernetic analysis of the principles of the Extractive Industries Transparency Initiative (EITI)," Resources Policy, Elsevier, vol. 49(C), pages 248-265.
    10. Quirapas, Mary Ann Joy Robles & Lin, Htet & Abundo, Michael Lochinvar Sim & Brahim, Sahara & Santos, Diane, 2015. "Ocean renewable energy in Southeast Asia: A review," Renewable and Sustainable Energy Reviews, Elsevier, vol. 41(C), pages 799-817.
    11. Viktorija Terjanika & Jelena Pubule, 2022. "Barriers and Driving Factors for Sustainable Development of CO 2 Valorisation," Sustainability, MDPI, vol. 14(9), pages 1-16, April.

    More about this item

    Keywords

    BECCS; carbon price; CCS; CO2 emissions; incentives; policy instrument;
    All these keywords.

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