Six principles to guide large-scale carbon capture and storage development
Bibliographic Data
| ID | 13065335 |
|---|---|
| Authors | David C Rode (0000-0003-1028-8506, Carnegie Mellon University, corresponding author), Jeffrey J Anderson (0000-0002-0517-8583, RAND Corporation), Haibo Zhai (0000-0001-8585-9559, Carnegie Mellon University), Paul S Fischbeck (0000-0002-7636-2804, Decision Sciences (United States)) |
| Year | 2023 |
| Volume | 103 |
| Pages | 103214-103214 |
| Publication date | 2023-07-27 |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Energy Research & Social Science (JOURNAL) |
| Journal identifiers | ISSN: 2214-6296 • E-ISSN: 2214-6326 |
| Publisher | Elsevier BV (PUBLISHER) |
| DOI | 10.1016/j.erss.2023.103214 |
| OpenAlex | W4385360840 |
| Language | EN |
| Citations received | 4 |
| References cited | 75 |
Despite considerable effort, there are few large-scale carbon capture and storage (CCS) projects operating commercially in the world today. The importance of CCS to the world's long-term decarbonization goals, however, has never been greater. The long-term outlooks of the United Nations and individual governments all place considerable reliance on the broad adoption of CCS technology for both power-generation and industrial applications. Recent support includes the passage of the Inflation Reduction Act in the U.S., the U.K.'s Energy Security Bill, and the investments targeted in China's 14th Five-Year Plan. Nevertheless, a “reduction gap” remains between these contributions and governments' goals. We describe six general principles to guide the development of large-scale commercial CCS infrastructure to bridge the reduction gap by capitalizing on these opportunities. We assert that these principles are necessary to help CCS move into widespread large-scale use, and touch on steps that researchers, governments, regulators, and developers can take to encourage the adoption of this important technology. These principles include adopting a portfolio approach to development, encouraging the development of a clean-energy commons, recognizing the value of information and mitigating uncertainty, acknowledging the absence of firm legislative guidance, affirming the roles of multiple stakeholders, and ensuring that basic research can maintain a concurrent track with commercial development
Business · Carbon capture and storage (timeline · Climate change · Economics · Energy security · Environmental economics · Legislature · Political science · Portfolio · Renewable energy · Scale (ratio · Atmospheric and Environmental Gas Dynamics · Carbon Dioxide Capture Technologies · CO2 Sequestration and Geologic Interactions · Engineering · Finance
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| Citations per year | 2 |
|---|---|
| Citation span | 2024 - 2024 (1) |
| Highly cited | No |