CCUS As a second-best choice for China's carbon neutrality: an institutional analysis
The climate emergency calls for decisive actions to achieve CO 2 emissions reductions globally and in China. Although China has made substantial progress in renewable energy deployment and has promised to achieve carbon neutrality by 2060, the increasing CO 2 emissions reflect a paradox in China...
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| Veröffentlicht in: | Climate policy 2021-08, Vol.21 (7), p.927-938 |
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| creator | Xu, Shengqing Dai, Shuiping |
| description | The climate emergency calls for decisive actions to achieve CO
2
emissions reductions globally and in China. Although China has made substantial progress in renewable energy deployment and has promised to achieve carbon neutrality by 2060, the increasing CO
2
emissions reflect a paradox in China's energy revolution, suggesting that second-best choices are necessary. Large-scale deployment of carbon capture, utilization, and storage (CCUS) can avoid stranding assets in existing fossil energy industries and thus incur less resistance from incumbents. With an estimated storage capacity of 3120 GtCO
2
, China has great potential to deploy CCUS. The more quickly CCUS scales up, the less the cost of mitigation in the future. Although China has issued many policies to promote CCUS development and achieved significant progress through demonstration projects, barriers still exist for its large-scale deployment. Barriers include the lack of CCUS-specific legal and regulatory models, relatively high investment requirements, and low public perception and acceptance towards CCUS. To effectively promote this second-best choice, institutional reforms are critical, including enabling climate change legislation, carbon tax policy, risk avoidance and risk sharing measures, compensation, and strengthened public engagement.
Key policy insights
Large-scale deployment of Negative Emission Technologies will be needed in China and beyond to address the climate emergency.
Market distortions impede renewable energy development in China, making large-scale deployment of CCUS an essential second-best choice.
Detailed legal and regulatory rule changes can reduce market uncertainties and provide a legal foundation and mandate for CCUS development.
Particularly when source control measures - such as renewable energy deployment, industrial restructuring and energy efficiency improvements - face bottlenecks, the scaling up of negative emission technologies is essential.
International cooperation on CCUS technologies and deployment should be strengthened to share experience, technology, and deployment modes. |
| doi_str_mv | 10.1080/14693062.2021.1947766 |
| format | Article |
| fullrecord | <record><control><sourceid>proquest_cross</sourceid><recordid>TN_cdi_crossref_primary_10_1080_14693062_2021_1947766</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2556553491</sourcerecordid><originalsourceid>FETCH-LOGICAL-c494t-4e263e1e1309a9f147ea50d5deb99b2c3bc8dc4a1762819f864dc19c706f96d53</originalsourceid><addsrcrecordid>eNp9kE1LAzEQhhdRsFZ_ghDw4GlrvrPxZFn8goIH7Tlks1mask1qskX235uyijdPMwzPOzM8RXGN4ALBCt4hyiWBHC8wxGiBJBWC85NihgTDpaBMnOY-M-UROi8uUtpCiLikZFas63r9DpYJaJCsCb4tG5sGYDbBGQu6EEG9cV7fJmB0bIIH3h6GqHs3jPdAe-B8GtxwGFzwus8D3Y_JpcvirNN9slc_dV6snx4_6pdy9fb8Wi9XpaGSDiW1mBOLLCJQatkhKqxmsGWtbaRssCGNqVpDNRIcV0h2FaetQdIIyDvJW0bmxc20dx_D5yE_rrbhEPMTSWHGOGOESpQpNlEmhpSi7dQ-up2Oo0JQHQ2qX4PqaFD9GMw5MOWOYlz6SwleEQgZxRl5mBDns6ud_gqxb9Wgxz7ELmpvcoz8f-UbiqWBNQ</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>2556553491</pqid></control><display><type>article</type><title>CCUS As a second-best choice for China's carbon neutrality: an institutional analysis</title><source>PAIS Index</source><source>Access via Taylor & Francis</source><creator>Xu, Shengqing ; Dai, Shuiping</creator><creatorcontrib>Xu, Shengqing ; Dai, Shuiping</creatorcontrib><description>The climate emergency calls for decisive actions to achieve CO
2
emissions reductions globally and in China. Although China has made substantial progress in renewable energy deployment and has promised to achieve carbon neutrality by 2060, the increasing CO
2
emissions reflect a paradox in China's energy revolution, suggesting that second-best choices are necessary. Large-scale deployment of carbon capture, utilization, and storage (CCUS) can avoid stranding assets in existing fossil energy industries and thus incur less resistance from incumbents. With an estimated storage capacity of 3120 GtCO
2
, China has great potential to deploy CCUS. The more quickly CCUS scales up, the less the cost of mitigation in the future. Although China has issued many policies to promote CCUS development and achieved significant progress through demonstration projects, barriers still exist for its large-scale deployment. Barriers include the lack of CCUS-specific legal and regulatory models, relatively high investment requirements, and low public perception and acceptance towards CCUS. To effectively promote this second-best choice, institutional reforms are critical, including enabling climate change legislation, carbon tax policy, risk avoidance and risk sharing measures, compensation, and strengthened public engagement.
Key policy insights
Large-scale deployment of Negative Emission Technologies will be needed in China and beyond to address the climate emergency.
Market distortions impede renewable energy development in China, making large-scale deployment of CCUS an essential second-best choice.
Detailed legal and regulatory rule changes can reduce market uncertainties and provide a legal foundation and mandate for CCUS development.
Particularly when source control measures - such as renewable energy deployment, industrial restructuring and energy efficiency improvements - face bottlenecks, the scaling up of negative emission technologies is essential.
International cooperation on CCUS technologies and deployment should be strengthened to share experience, technology, and deployment modes.</description><identifier>ISSN: 1469-3062</identifier><identifier>EISSN: 1752-7457</identifier><identifier>DOI: 10.1080/14693062.2021.1947766</identifier><language>eng</language><publisher>London: Taylor & Francis</publisher><subject>Carbon ; Carbon capture and storage ; Carbon dioxide ; Carbon dioxide emissions ; Carbon neutrality ; Carbon sequestration ; CCUS ; Climate change ; Climate policy ; Climatic analysis ; Compensation ; Demonstration projects ; Deployment ; Emergencies ; Emission ; Emissions ; Emissions control ; Energy ; Energy development ; Energy efficiency ; Energy industry ; Environmental management ; Environmental policy ; Environmental tax ; Fossils ; Industrial restructuring ; Industry ; institutional reform ; International cooperation ; Legislation ; Markets ; Mitigation ; Neutrality ; Policy making ; Public opinion ; Public participation ; Renewable energy ; Renewable resources ; Resource management ; Risk ; Risk sharing ; Scaling ; second-best theory ; Storage ; Storage capacity ; Storage conditions ; Stranding ; Taxation ; Technology</subject><ispartof>Climate policy, 2021-08, Vol.21 (7), p.927-938</ispartof><rights>2021 Informa UK Limited, trading as Taylor & Francis Group 2021</rights><rights>2021 Informa UK Limited, trading as Taylor & Francis Group</rights><lds50>peer_reviewed</lds50><woscitedreferencessubscribed>false</woscitedreferencessubscribed><citedby>FETCH-LOGICAL-c494t-4e263e1e1309a9f147ea50d5deb99b2c3bc8dc4a1762819f864dc19c706f96d53</citedby><cites>FETCH-LOGICAL-c494t-4e263e1e1309a9f147ea50d5deb99b2c3bc8dc4a1762819f864dc19c706f96d53</cites><orcidid>0000-0003-3631-0273</orcidid></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><linktopdf>$$Uhttps://www.tandfonline.com/doi/pdf/10.1080/14693062.2021.1947766$$EPDF$$P50$$Ginformaworld$$H</linktopdf><linktohtml>$$Uhttps://www.tandfonline.com/doi/full/10.1080/14693062.2021.1947766$$EHTML$$P50$$Ginformaworld$$H</linktohtml><link.rule.ids>314,780,784,27866,27924,27925,59647,60436</link.rule.ids></links><search><creatorcontrib>Xu, Shengqing</creatorcontrib><creatorcontrib>Dai, Shuiping</creatorcontrib><title>CCUS As a second-best choice for China's carbon neutrality: an institutional analysis</title><title>Climate policy</title><description>The climate emergency calls for decisive actions to achieve CO
2
emissions reductions globally and in China. Although China has made substantial progress in renewable energy deployment and has promised to achieve carbon neutrality by 2060, the increasing CO
2
emissions reflect a paradox in China's energy revolution, suggesting that second-best choices are necessary. Large-scale deployment of carbon capture, utilization, and storage (CCUS) can avoid stranding assets in existing fossil energy industries and thus incur less resistance from incumbents. With an estimated storage capacity of 3120 GtCO
2
, China has great potential to deploy CCUS. The more quickly CCUS scales up, the less the cost of mitigation in the future. Although China has issued many policies to promote CCUS development and achieved significant progress through demonstration projects, barriers still exist for its large-scale deployment. Barriers include the lack of CCUS-specific legal and regulatory models, relatively high investment requirements, and low public perception and acceptance towards CCUS. To effectively promote this second-best choice, institutional reforms are critical, including enabling climate change legislation, carbon tax policy, risk avoidance and risk sharing measures, compensation, and strengthened public engagement.
Key policy insights
Large-scale deployment of Negative Emission Technologies will be needed in China and beyond to address the climate emergency.
Market distortions impede renewable energy development in China, making large-scale deployment of CCUS an essential second-best choice.
Detailed legal and regulatory rule changes can reduce market uncertainties and provide a legal foundation and mandate for CCUS development.
Particularly when source control measures - such as renewable energy deployment, industrial restructuring and energy efficiency improvements - face bottlenecks, the scaling up of negative emission technologies is essential.
International cooperation on CCUS technologies and deployment should be strengthened to share experience, technology, and deployment modes.</description><subject>Carbon</subject><subject>Carbon capture and storage</subject><subject>Carbon dioxide</subject><subject>Carbon dioxide emissions</subject><subject>Carbon neutrality</subject><subject>Carbon sequestration</subject><subject>CCUS</subject><subject>Climate change</subject><subject>Climate policy</subject><subject>Climatic analysis</subject><subject>Compensation</subject><subject>Demonstration projects</subject><subject>Deployment</subject><subject>Emergencies</subject><subject>Emission</subject><subject>Emissions</subject><subject>Emissions control</subject><subject>Energy</subject><subject>Energy development</subject><subject>Energy efficiency</subject><subject>Energy industry</subject><subject>Environmental management</subject><subject>Environmental policy</subject><subject>Environmental tax</subject><subject>Fossils</subject><subject>Industrial restructuring</subject><subject>Industry</subject><subject>institutional reform</subject><subject>International cooperation</subject><subject>Legislation</subject><subject>Markets</subject><subject>Mitigation</subject><subject>Neutrality</subject><subject>Policy making</subject><subject>Public opinion</subject><subject>Public participation</subject><subject>Renewable energy</subject><subject>Renewable resources</subject><subject>Resource management</subject><subject>Risk</subject><subject>Risk sharing</subject><subject>Scaling</subject><subject>second-best theory</subject><subject>Storage</subject><subject>Storage capacity</subject><subject>Storage conditions</subject><subject>Stranding</subject><subject>Taxation</subject><subject>Technology</subject><issn>1469-3062</issn><issn>1752-7457</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2021</creationdate><recordtype>article</recordtype><sourceid>7TQ</sourceid><recordid>eNp9kE1LAzEQhhdRsFZ_ghDw4GlrvrPxZFn8goIH7Tlks1mask1qskX235uyijdPMwzPOzM8RXGN4ALBCt4hyiWBHC8wxGiBJBWC85NihgTDpaBMnOY-M-UROi8uUtpCiLikZFas63r9DpYJaJCsCb4tG5sGYDbBGQu6EEG9cV7fJmB0bIIH3h6GqHs3jPdAe-B8GtxwGFzwus8D3Y_JpcvirNN9slc_dV6snx4_6pdy9fb8Wi9XpaGSDiW1mBOLLCJQatkhKqxmsGWtbaRssCGNqVpDNRIcV0h2FaetQdIIyDvJW0bmxc20dx_D5yE_rrbhEPMTSWHGOGOESpQpNlEmhpSi7dQ-up2Oo0JQHQ2qX4PqaFD9GMw5MOWOYlz6SwleEQgZxRl5mBDns6ud_gqxb9Wgxz7ELmpvcoz8f-UbiqWBNQ</recordid><startdate>20210809</startdate><enddate>20210809</enddate><creator>Xu, Shengqing</creator><creator>Dai, Shuiping</creator><general>Taylor & Francis</general><general>Taylor & Francis Ltd</general><scope>OQ6</scope><scope>AAYXX</scope><scope>CITATION</scope><scope>4T-</scope><scope>7ST</scope><scope>7TA</scope><scope>7TG</scope><scope>7TQ</scope><scope>7U6</scope><scope>8BJ</scope><scope>8FD</scope><scope>C1K</scope><scope>DHY</scope><scope>DON</scope><scope>F1W</scope><scope>FQK</scope><scope>FR3</scope><scope>H97</scope><scope>JBE</scope><scope>JG9</scope><scope>KL.</scope><scope>KR7</scope><scope>L.G</scope><orcidid>https://orcid.org/0000-0003-3631-0273</orcidid></search><sort><creationdate>20210809</creationdate><title>CCUS As a second-best choice for China's carbon neutrality: an institutional analysis</title><author>Xu, Shengqing ; Dai, Shuiping</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-c494t-4e263e1e1309a9f147ea50d5deb99b2c3bc8dc4a1762819f864dc19c706f96d53</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2021</creationdate><topic>Carbon</topic><topic>Carbon capture and storage</topic><topic>Carbon dioxide</topic><topic>Carbon dioxide emissions</topic><topic>Carbon neutrality</topic><topic>Carbon sequestration</topic><topic>CCUS</topic><topic>Climate change</topic><topic>Climate policy</topic><topic>Climatic analysis</topic><topic>Compensation</topic><topic>Demonstration projects</topic><topic>Deployment</topic><topic>Emergencies</topic><topic>Emission</topic><topic>Emissions</topic><topic>Emissions control</topic><topic>Energy</topic><topic>Energy development</topic><topic>Energy efficiency</topic><topic>Energy industry</topic><topic>Environmental management</topic><topic>Environmental policy</topic><topic>Environmental tax</topic><topic>Fossils</topic><topic>Industrial restructuring</topic><topic>Industry</topic><topic>institutional reform</topic><topic>International cooperation</topic><topic>Legislation</topic><topic>Markets</topic><topic>Mitigation</topic><topic>Neutrality</topic><topic>Policy making</topic><topic>Public opinion</topic><topic>Public participation</topic><topic>Renewable energy</topic><topic>Renewable resources</topic><topic>Resource management</topic><topic>Risk</topic><topic>Risk sharing</topic><topic>Scaling</topic><topic>second-best theory</topic><topic>Storage</topic><topic>Storage capacity</topic><topic>Storage conditions</topic><topic>Stranding</topic><topic>Taxation</topic><topic>Technology</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Xu, Shengqing</creatorcontrib><creatorcontrib>Dai, Shuiping</creatorcontrib><collection>ECONIS</collection><collection>CrossRef</collection><collection>Docstoc</collection><collection>Environment Abstracts</collection><collection>Materials Business File</collection><collection>Meteorological & Geoastrophysical Abstracts</collection><collection>PAIS Index</collection><collection>Sustainability Science Abstracts</collection><collection>International Bibliography of the Social Sciences (IBSS)</collection><collection>Technology Research Database</collection><collection>Environmental Sciences and Pollution Management</collection><collection>PAIS International</collection><collection>PAIS International (Ovid)</collection><collection>ASFA: Aquatic Sciences and Fisheries Abstracts</collection><collection>International Bibliography of the Social Sciences</collection><collection>Engineering Research Database</collection><collection>Aquatic Science & Fisheries Abstracts (ASFA) 3: Aquatic Pollution & Environmental Quality</collection><collection>International Bibliography of the Social Sciences</collection><collection>Materials Research Database</collection><collection>Meteorological & Geoastrophysical Abstracts - Academic</collection><collection>Civil Engineering Abstracts</collection><collection>Aquatic Science & Fisheries Abstracts (ASFA) Professional</collection><jtitle>Climate policy</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Xu, Shengqing</au><au>Dai, Shuiping</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>CCUS As a second-best choice for China's carbon neutrality: an institutional analysis</atitle><jtitle>Climate policy</jtitle><date>2021-08-09</date><risdate>2021</risdate><volume>21</volume><issue>7</issue><spage>927</spage><epage>938</epage><pages>927-938</pages><issn>1469-3062</issn><eissn>1752-7457</eissn><abstract>The climate emergency calls for decisive actions to achieve CO
2
emissions reductions globally and in China. Although China has made substantial progress in renewable energy deployment and has promised to achieve carbon neutrality by 2060, the increasing CO
2
emissions reflect a paradox in China's energy revolution, suggesting that second-best choices are necessary. Large-scale deployment of carbon capture, utilization, and storage (CCUS) can avoid stranding assets in existing fossil energy industries and thus incur less resistance from incumbents. With an estimated storage capacity of 3120 GtCO
2
, China has great potential to deploy CCUS. The more quickly CCUS scales up, the less the cost of mitigation in the future. Although China has issued many policies to promote CCUS development and achieved significant progress through demonstration projects, barriers still exist for its large-scale deployment. Barriers include the lack of CCUS-specific legal and regulatory models, relatively high investment requirements, and low public perception and acceptance towards CCUS. To effectively promote this second-best choice, institutional reforms are critical, including enabling climate change legislation, carbon tax policy, risk avoidance and risk sharing measures, compensation, and strengthened public engagement.
Key policy insights
Large-scale deployment of Negative Emission Technologies will be needed in China and beyond to address the climate emergency.
Market distortions impede renewable energy development in China, making large-scale deployment of CCUS an essential second-best choice.
Detailed legal and regulatory rule changes can reduce market uncertainties and provide a legal foundation and mandate for CCUS development.
Particularly when source control measures - such as renewable energy deployment, industrial restructuring and energy efficiency improvements - face bottlenecks, the scaling up of negative emission technologies is essential.
International cooperation on CCUS technologies and deployment should be strengthened to share experience, technology, and deployment modes.</abstract><cop>London</cop><pub>Taylor & Francis</pub><doi>10.1080/14693062.2021.1947766</doi><tpages>12</tpages><orcidid>https://orcid.org/0000-0003-3631-0273</orcidid></addata></record> |
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| identifier | ISSN: 1469-3062 |
| ispartof | Climate policy, 2021-08, Vol.21 (7), p.927-938 |
| issn | 1469-3062 1752-7457 |
| language | eng |
| recordid | cdi_crossref_primary_10_1080_14693062_2021_1947766 |
| source | PAIS Index; Access via Taylor & Francis |
| subjects | Carbon Carbon capture and storage Carbon dioxide Carbon dioxide emissions Carbon neutrality Carbon sequestration CCUS Climate change Climate policy Climatic analysis Compensation Demonstration projects Deployment Emergencies Emission Emissions Emissions control Energy Energy development Energy efficiency Energy industry Environmental management Environmental policy Environmental tax Fossils Industrial restructuring Industry institutional reform International cooperation Legislation Markets Mitigation Neutrality Policy making Public opinion Public participation Renewable energy Renewable resources Resource management Risk Risk sharing Scaling second-best theory Storage Storage capacity Storage conditions Stranding Taxation Technology |
| title | CCUS As a second-best choice for China's carbon neutrality: an institutional analysis |
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