CCUS is internationally recognized as one of the three major pathways to achieve carbon neutrality goals. It is an important choice for realizing zero emissions from large-scale fossil energy utilization and a feasible technological solution to offset carbon emissions in industries such as power, steel, and cement where emissions reductions are challenging. Systematic analysis of the development and policy evolution of the CCUS industry at home and abroad can provide theoretical basis and practical guidance for China's energy transition and development under the background of carbon emission peaking and achieving carbon neutrality. Guided by the strategic goals of national energy security, carbon emission peaking, and achieving carbon neutrality, this study aims to analyze the global development process and stage characteristics of the CCUS industry, investigate the supporting policies in the CCUS field and their evolution patterns, summarize the current status and trends of the CCUS industry at home and abroad, and provide reference for the implementation of national energy green and low-carbon transformation and the construction of a new energy system. In terms of industry, European and American countries emphasize national-level technological guidance and macro-control. The United States has introduced the progressive 45Q tax credit policy, and the European Union has included CCUS in its carbon trading system. The US National Carbon Capture Center provides a testing environment and facilities for CCUS technology research and development, and has established a carbon dioxide industry cluster and transportation hub. In terms of policies, tax credits and carbon trading policies in Europe and America have attracted various types of capital investment, establishing a relatively complete legal framework system. These regions have been leading in CCUS technology research and deployment, holding dominant positions and decision-making power in mainstream international CCUS organizations such as the CSLF, IEA, GCCSI, and OGCI. This study benchmarks the forward-looking and strategic development status of the CCUS industry at home and abroad, elucidates the challenges facing CCUS industry development, and proposes future trends and policy support needs for the CCUS industry. The research reveals that Europe and America emphasize national-level technological guidance and macro-control, focusing on the construction of regional industrial networks and having established a relatively complete legal and regulatory framework system. Compared to other countries, China needs to establish national-level guidance on CCUS development, regional carbon dioxide capture and transportation networks, and enact specific laws, regulations, and technical standards for CCUS.
| Published in | International Journal of Environmental Protection and Policy (Volume 12, Issue 3) |
| DOI | 10.11648/j.ijepp.20241203.12 |
| Page(s) | 64-72 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
CCUS, Industry, Development Trend, Challenges, Energy Transformation
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APA Style
Yu, J., Zhou, B., Fang, P., Li, B., Sun, W., et al. (2024). Research on the Development and Policy Evolution of CCUS Industry at Home and Abroad. International Journal of Environmental Protection and Policy, 12(3), 64-72. https://doi.org/10.11648/j.ijepp.20241203.12
ACS Style
Yu, J.; Zhou, B.; Fang, P.; Li, B.; Sun, W., et al. Research on the Development and Policy Evolution of CCUS Industry at Home and Abroad. Int. J. Environ. Prot. Policy 2024, 12(3), 64-72. doi: 10.11648/j.ijepp.20241203.12
AMA Style
Yu J, Zhou B, Fang P, Li B, Sun W, et al. Research on the Development and Policy Evolution of CCUS Industry at Home and Abroad. Int J Environ Prot Policy. 2024;12(3):64-72. doi: 10.11648/j.ijepp.20241203.12
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Download@article{10.11648/j.ijepp.20241203.12,
author = {Jing Yu and Bo Zhou and Pingliang Fang and Bing Li and Wenchao Sun and Long Chang},
title = {Research on the Development and Policy Evolution of CCUS Industry at Home and Abroad
},
journal = {International Journal of Environmental Protection and Policy},
volume = {12},
number = {3},
pages = {64-72},
doi = {10.11648/j.ijepp.20241203.12},
url = {https://doi.org/10.11648/j.ijepp.20241203.12},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.ijepp.20241203.12},
abstract = {CCUS is internationally recognized as one of the three major pathways to achieve carbon neutrality goals. It is an important choice for realizing zero emissions from large-scale fossil energy utilization and a feasible technological solution to offset carbon emissions in industries such as power, steel, and cement where emissions reductions are challenging. Systematic analysis of the development and policy evolution of the CCUS industry at home and abroad can provide theoretical basis and practical guidance for China's energy transition and development under the background of carbon emission peaking and achieving carbon neutrality. Guided by the strategic goals of national energy security, carbon emission peaking, and achieving carbon neutrality, this study aims to analyze the global development process and stage characteristics of the CCUS industry, investigate the supporting policies in the CCUS field and their evolution patterns, summarize the current status and trends of the CCUS industry at home and abroad, and provide reference for the implementation of national energy green and low-carbon transformation and the construction of a new energy system. In terms of industry, European and American countries emphasize national-level technological guidance and macro-control. The United States has introduced the progressive 45Q tax credit policy, and the European Union has included CCUS in its carbon trading system. The US National Carbon Capture Center provides a testing environment and facilities for CCUS technology research and development, and has established a carbon dioxide industry cluster and transportation hub. In terms of policies, tax credits and carbon trading policies in Europe and America have attracted various types of capital investment, establishing a relatively complete legal framework system. These regions have been leading in CCUS technology research and deployment, holding dominant positions and decision-making power in mainstream international CCUS organizations such as the CSLF, IEA, GCCSI, and OGCI. This study benchmarks the forward-looking and strategic development status of the CCUS industry at home and abroad, elucidates the challenges facing CCUS industry development, and proposes future trends and policy support needs for the CCUS industry. The research reveals that Europe and America emphasize national-level technological guidance and macro-control, focusing on the construction of regional industrial networks and having established a relatively complete legal and regulatory framework system. Compared to other countries, China needs to establish national-level guidance on CCUS development, regional carbon dioxide capture and transportation networks, and enact specific laws, regulations, and technical standards for CCUS.
},
year = {2024}
}
TY - JOUR T1 - Research on the Development and Policy Evolution of CCUS Industry at Home and Abroad AU - Jing Yu AU - Bo Zhou AU - Pingliang Fang AU - Bing Li AU - Wenchao Sun AU - Long Chang Y1 - 2024/06/21 PY - 2024 N1 - https://doi.org/10.11648/j.ijepp.20241203.12 DO - 10.11648/j.ijepp.20241203.12 T2 - International Journal of Environmental Protection and Policy JF - International Journal of Environmental Protection and Policy JO - International Journal of Environmental Protection and Policy SP - 64 EP - 72 PB - Science Publishing Group SN - 2330-7536 UR - https://doi.org/10.11648/j.ijepp.20241203.12 AB - CCUS is internationally recognized as one of the three major pathways to achieve carbon neutrality goals. It is an important choice for realizing zero emissions from large-scale fossil energy utilization and a feasible technological solution to offset carbon emissions in industries such as power, steel, and cement where emissions reductions are challenging. Systematic analysis of the development and policy evolution of the CCUS industry at home and abroad can provide theoretical basis and practical guidance for China's energy transition and development under the background of carbon emission peaking and achieving carbon neutrality. Guided by the strategic goals of national energy security, carbon emission peaking, and achieving carbon neutrality, this study aims to analyze the global development process and stage characteristics of the CCUS industry, investigate the supporting policies in the CCUS field and their evolution patterns, summarize the current status and trends of the CCUS industry at home and abroad, and provide reference for the implementation of national energy green and low-carbon transformation and the construction of a new energy system. In terms of industry, European and American countries emphasize national-level technological guidance and macro-control. The United States has introduced the progressive 45Q tax credit policy, and the European Union has included CCUS in its carbon trading system. The US National Carbon Capture Center provides a testing environment and facilities for CCUS technology research and development, and has established a carbon dioxide industry cluster and transportation hub. In terms of policies, tax credits and carbon trading policies in Europe and America have attracted various types of capital investment, establishing a relatively complete legal framework system. These regions have been leading in CCUS technology research and deployment, holding dominant positions and decision-making power in mainstream international CCUS organizations such as the CSLF, IEA, GCCSI, and OGCI. This study benchmarks the forward-looking and strategic development status of the CCUS industry at home and abroad, elucidates the challenges facing CCUS industry development, and proposes future trends and policy support needs for the CCUS industry. The research reveals that Europe and America emphasize national-level technological guidance and macro-control, focusing on the construction of regional industrial networks and having established a relatively complete legal and regulatory framework system. Compared to other countries, China needs to establish national-level guidance on CCUS development, regional carbon dioxide capture and transportation networks, and enact specific laws, regulations, and technical standards for CCUS. VL - 12 IS - 3 ER -
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
Planning and Support Research Institute, China National Petroleum Corporation Engineering Technology Research and Experimental Development Company Limited, Beijing, China
