气候变化领域集成服务门户(CCPortal): What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects

CCPortal

DOI	10.1016/j.enpol.2021.112546
	What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects
	Wang N.; Akimoto K.; Nemet G.F.
发表日期	2021
ISSN	0301-4215
卷号	158
英文摘要	The delivery of operational clean energy projects at scales is essential for addressing climate change. Carbon capture and sequestration (CCUS) is among the most important clean technology, however, most CCUS projects initiated in the past three decades have failed. This study statistically evaluates the reasons for this unfavourable outcome by estimating a hazard model for 263 CCUS projects undertaken between 1995 and 2018. The results indicate that larger plant sizes increase the risk of CCUS projects being terminated or put on hold; increasing capacity by 1 Mt CO2/y increases the risk of failure by nearly 50%. We also examined the impact of technology push and market pull policies and found that existing support mechanisms have not been sufficient in mitigating the risks associated with project upscaling. CCUS deployment at the gigaton scale depends on substantially reducing project risk while increasing expectations of financial returns. Gradual upscaling, increased policy support, particularly for demonstrations of the viability of CCUS, while also building a market through carbon pricing would help remedy the current imbalance between risk and return. Increasing the expected payoffs for CCUS so that hundreds of real projects are brought on-line will require the co-evolution of technology innovation, institutions, investment, and deployment strategy for CCUS technology. © 2021
英文关键词	CCUS; Deployment policy; Hazard model; Technology penetration
语种	英语
scopus关键词	Climate change; Commerce; Hazards; Investments; Carbon sequestration; Carbon utilization; Clean energy; Demonstration project; Deployment policy; Energy programs; Hazard models; Pilot projects; Technology penetration; Upscaling; Carbon capture; carbon sequestration; hazard assessment; innovation; investment; modeling; technological development
来源期刊	Energy Policy
文献类型	期刊论文
条目标识符	http://gcip.llas.ac.cn/handle/2XKMVOVA/256564
作者单位	MUFG Bank, Ltd, Japan; Systems Analysis Group, Research Institute of Innovative Technology for the Earth (RITE), Japan; La Follette School of Public Affairs, University of Wisconsin–Madison, United States
推荐引用方式 GB/T 7714	Wang N.,Akimoto K.,Nemet G.F.. What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects[J],2021,158.
APA	Wang N.,Akimoto K.,&Nemet G.F..(2021).What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects.Energy Policy,158.
MLA	Wang N.,et al."What went wrong? Learning from three decades of carbon capture, utilization and sequestration (CCUS) pilot and demonstration projects".Energy Policy 158(2021).