Manage multiple policy instruments in financing CCUS: Case study of Guangdong, China

Mengfei Jiang*, Xi Liang, Qiang Liu, Chunting Liu, Xiaolu Chen

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

CCUS plays a substantial role in mitigating global emissions alongside measures such as renewable energy and energy efficiency. Resulting from this, an opportunity is created for governments to formulate effective policies for CCUS implementation, as the necessary policies that allow for achieving the "well below 2°C" goal will be adopted. The report starts with the study of the status of global CCS project activities across key regions, especially the activities in China; and followed by a review of the existing policy instruments that support the deployment and R&D of carbon capture, utilisation and storage technologies (CCUS) in China. Afterwards, based on a case study of estimating the cost of steel plant CCUS project in Guangdong, this report proposes the potential for applying multiple policies and measures to support CCUS development and project demonstration. Advance appropriate funding mechanisms should be identified to support the large-scale CCUS demonstration projects.
Original languageEnglish
Title of host publication14th Greenhouse Gas Control Technologies Conference Melbourne 21-26 October 2018 (GHGT-14)
Place of PublicationMelbourne
Number of pages14
DOIs
Publication statusPublished - 16 Apr 2019

Keywords

  • carbon capture
  • utilisation and storage
  • financial incentive
  • policy
  • China

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