Carbon capture and storage (CCS): development path based on carbon neutrality and economic policy

Abstract

Abstract In order to limit global warming to 2 °C, countries have adopted carbon capture and storage (CCS) technologies to reduce greenhouse gas emission. However, it is currently facing challenges such as controversial investment costs, unclear policies, and reduction of new energy power generation costs. In particular, some CCS projects are at a standstill. To promote the development of CCS projects in different countries, this paper reviews and compares energy conservation and emission reduction policies and different national goals. From a policy perspective, CCS-driven policies are analyzed. Based on this, corresponding policy recommendations are put forward, in order to promote the healthy development of global CCS technology and deal with climate issues more effectively. With less than 10 years away from the short-term goal, promoting the development and application of CCS projects requires scientific research from universities, enterprises and governments in order to attain zero or negative CO2 emission. On the basis of focusing on the development of CCS technology, according to the actual situation of each country, the appropriate application of CCS engineering should focus on the development of science and technology, rather than a unified requirement around the world.

Keywords

• CCS
• Carbon neutralility
• Government policies
• Emission target