Enhancing the Economic Feasibility of Carbon Capture, Utilisation, and Storage (CCUS) Projects

Author:

Taghizadeh-Hesary Farhad12ORCID,Vandercamme Lilu3ORCID,Phoumin Han4

Affiliation:

1. School of Global Studies & TOKAI Research Institute for Environment and Sustainability (TRIES), Tokai University, Japan

2. Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon

3. School of Economics, Keio University, Tokyo, Japan

4. Economic Research for ASEAN and East Asia (ERIA), Jakarta, Indonesia

Abstract

Carbon capture, utilisation, and storage (CCUS) technologies have the potential to play a crucial role in mitigating climate change by capturing CO2 emissions from industrial processes and power generation. This study aims to explore the economic feasibility of CCUS and provide practical policy recommendations for making CCUS technologies economically feasible. The findings emphasise the importance of integrated policy frameworks, carbon pricing mechanisms, R&D investments, international collaboration, regulatory certainty, public awareness, and industry collaboration to unlock the potential of CCUS.

Funder

Economic Research Institute for ASEAN and East Asia

Publisher

World Scientific Pub Co Pte Ltd

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