IDEAS home Printed from https://ideas.repec.org/a/gam/jsusta/v11y2019i20p5834-d278692.html
   My bibliography  Save this article

The Changing Role of CO 2 in the Transition to a Circular Economy: Review of Carbon Sequestration Projects

Author

Listed:
  • Pavel Tcvetkov

    (Informatics and Computer Technologies, Saint-Petersburg Mining University, Saint Petersburg 199106, Russia)

  • Alexey Cherepovitsyn

    (Department of Organization and Management, Saint-Petersburg Mining University, Saint Petersburg 199106, Russia)

  • Sergey Fedoseev

    (Luzin Institute for Economic Studies—Subdivision of the Federal Research Centre, Kola Science Centre of the Russian Academy of Sciences, Apatity 184209, Russia)

Abstract

Despite the diversity of studies on global warming and climate change mitigation technologies, research on the changing role of CO 2 in the industrial processes, which is connected with the introduction of circular economy principles, is still out of scope. The purpose of this review is to answer the following question: Is technogenic CO 2 still an industrial waste or has it become a valuable resource? For this purpose, statistical information from the National Energy Technology Library and the Global CCS Institute databases were reviewed. All sequestration projects (199) were divided into three groups: carbon capture and storage (65); carbon capture, utilization, and storage (100); and carbon capture and utilization (34). It was found that: (1) total annual CO 2 consumption of such projects was 50.1 Mtpa in 2018, with a possible increase to 326.7 Mtpa in the coming decade; (2) total amount of CO 2 sequestered in such projects could be 2209 Mt in 2028; (3) the risk of such projects being cancelled or postponed is around 31.8%; (4) CO 2 is a valuable and sought-after resource for various industries. It was concluded that further development of carbon capture and utilization technologies will invariably lead to a change in attitudes towards CO 2 , as well as the appearance of new CO 2 -based markets and industries.

Suggested Citation

  • Pavel Tcvetkov & Alexey Cherepovitsyn & Sergey Fedoseev, 2019. "The Changing Role of CO 2 in the Transition to a Circular Economy: Review of Carbon Sequestration Projects," Sustainability, MDPI, vol. 11(20), pages 1-19, October.
    • Handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5834-:d:278692
    as

    Download full text from publisher

    File URL: https://www.mdpi.com/2071-1050/11/20/5834/pdf
    Download Restriction: no
    File URL: https://www.mdpi.com/2071-1050/11/20/5834/
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Viebahn, Peter & Vallentin, Daniel & Höller, Samuel, 2015. "Prospects of carbon capture and storage (CCS) in China’s power sector – An integrated assessment," Applied Energy, Elsevier, vol. 157(C), pages 229-244.
    2. Dechezlepretre, Antoine & Glachant, Matthieu & Hascic, Ivan & Johnstone, Nick & Meniere, Yann, 2009. "Invention and Transfer of Climate Change Mitigation Technologies on a Global Scale: A Study Drawing on Patent Data," Sustainable Development Papers 54361, Fondazione Eni Enrico Mattei (FEEM).
    3. Zhang, Xian & Fan, Jing-Li & Wei, Yi-Ming, 2013. "Technology roadmap study on carbon capture, utilization and storage in China," Energy Policy, Elsevier, vol. 59(C), pages 536-550.
    4. Chauvy, Remi & Meunier, Nicolas & Thomas, Diane & De Weireld, Guy, 2019. "Selecting emerging CO2 utilization products for short- to mid-term deployment," Applied Energy, Elsevier, vol. 236(C), pages 662-680.
    5. Peter Viebahn & Daniel Vallentin & Samuel Höller, 2015. "Integrated Assessment of Carbon Capture and Storage (CCS) in South Africa’s Power Sector," Energies, MDPI, vol. 8(12), pages 1-27, December.
    6. Antoine Dechezleprêtre & Matthieu Glachant & Ivan Haščič & Nick Johnstone & Yann Ménière, 2011. "Invention and Transfer of Climate Change--Mitigation Technologies: A Global Analysis," Review of Environmental Economics and Policy, Association of Environmental and Resource Economists, vol. 5(1), pages 109-130, Winter.
    7. Bruhn, Thomas & Naims, Henriette & Olfe-Kräutlein, Barbara, 2016. "Separating the debate on CO2 utilisation from carbon capture and storage," Environmental Science & Policy, Elsevier, vol. 60(C), pages 38-43.
    8. Bob van der Zwaan & Reyer Gerlagh, 2016. "Offshore CCS and ocean acidification: a global long-term probabilistic cost-benefit analysis of climate change mitigation," Climatic Change, Springer, vol. 137(1), pages 157-170, July.
    9. Yann Ménière & Antoine Dechezleprêtre & Matthieu Glachant & Ivan Hascic & N. Johnstone, 2011. "Invention and transfer of climate change mitigation technologies: a study drawing on patent data," Post-Print hal-00869795, HAL.
    10. Winans, K. & Kendall, A. & Deng, H., 2017. "The history and current applications of the circular economy concept," Renewable and Sustainable Energy Reviews, Elsevier, vol. 68(P1), pages 825-833.
    11. Hugo Fantucci & Jaspreet S. Sidhu & Rafael M. Santos, 2019. "Mineral Carbonation as an Educational Investigation of Green Chemical Engineering Design," Sustainability, MDPI, vol. 11(15), pages 1-22, August.
    12. Kyriaki Kelektsoglou, 2018. "Carbon Capture and Storage: A Review of Mineral Storage of CO 2 in Greece," Sustainability, MDPI, vol. 10(12), pages 1-17, November.
    13. Gordon Hughes, 2017. "Is CCS still relevant?," Greenhouse Gases: Science and Technology, Blackwell Publishing, vol. 7(6), pages 968-971, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Simon P. Philbin, 2020. "Critical Analysis and Evaluation of the Technology Pathways for Carbon Capture and Utilization," Clean Technol., MDPI, vol. 2(4), pages 1-21, December.
    2. Vadim Fetisov & Adam M. Gonopolsky & Maria Yu. Zemenkova & Schipachev Andrey & Hadi Davardoost & Amir H. Mohammadi & Masoud Riazi, 2023. "On the Integration of CO 2 Capture Technologies for an Oil Refinery," Energies, MDPI, vol. 16(2), pages 1-19, January.
    3. Karolina Novak Mavar & Nediljka Gaurina-Međimurec & Lidia Hrnčević, 2021. "Significance of Enhanced Oil Recovery in Carbon Dioxide Emission Reduction," Sustainability, MDPI, vol. 13(4), pages 1-27, February.
    4. Durán-Romero, Gemma & López, Ana M. & Beliaeva, Tatiana & Ferasso, Marcos & Garonne, Christophe & Jones, Paul, 2020. "Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    5. Marat M. Khayrutdinov & Vladimir I. Golik & Alexander V. Aleksakhin & Ekaterina V. Trushina & Natalia V. Lazareva & Yulia V. Aleksakhina, 2022. "Proposal of an Algorithm for Choice of a Development System for Operational and Environmental Safety in Mining," Resources, MDPI, vol. 11(10), pages 1-16, September.
    6. A. G. Olabi & Tabbi Wilberforce & Enas Taha Sayed & Nabila Shehata & Abdul Hai Alami & Hussein M. Maghrabie & Mohammad Ali Abdelkareem, 2022. "Prospect of Post-Combustion Carbon Capture Technology and Its Impact on the Circular Economy," Energies, MDPI, vol. 15(22), pages 1-38, November.
    7. Papadis, Elisa & Tsatsaronis, George, 2020. "Challenges in the decarbonization of the energy sector," Energy, Elsevier, vol. 205(C).
    8. Olga Smirnova & Liliya Kazanskaya & Jan Koplík & Hongbo Tan & Xianyue Gu, 2020. "Concrete Based on Clinker-Free Cement: Selecting the Functional Unit for Environmental Assessment," Sustainability, MDPI, vol. 13(1), pages 1-12, December.
    9. Anna Sowiżdżał & Magdalena Starczewska & Bartosz Papiernik, 2022. "Future Technology Mix—Enhanced Geothermal System (EGS) and Carbon Capture, Utilization, and Storage (CCUS)—An Overview of Selected Projects as an Example for Future Investments in Poland," Energies, MDPI, vol. 15(10), pages 1-24, May.
    10. Johannes Full & Steffen Merseburg & Robert Miehe & Alexander Sauer, 2021. "A New Perspective for Climate Change Mitigation—Introducing Carbon-Negative Hydrogen Production from Biomass with Carbon Capture and Storage (HyBECCS)," Sustainability, MDPI, vol. 13(7), pages 1-22, April.
    11. Natalia Romasheva & Alina Ilinova, 2019. "CCS Projects: How Regulatory Framework Influences Their Deployment," Resources, MDPI, vol. 8(4), pages 1-19, December.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Hu, Hui & Qi, Shaozhou & Chen, Yuanzhi, 2023. "Using green technology for a better tomorrow: How enterprises and government utilize the carbon trading system and incentive policies," China Economic Review, Elsevier, vol. 78(C).
    2. Sandrine Mathy & Patrick Criqui & Katharina Knoop & Manfred Fischedick & Sascha Samadi, 2016. "Uncertainty management and the dynamic adjustment of deep decarbonization pathways," Climate Policy, Taylor & Francis Journals, vol. 16(sup1), pages 47-62, June.
    3. Durán-Romero, Gemma & López, Ana M. & Beliaeva, Tatiana & Ferasso, Marcos & Garonne, Christophe & Jones, Paul, 2020. "Bridging the gap between circular economy and climate change mitigation policies through eco-innovations and Quintuple Helix Model," Technological Forecasting and Social Change, Elsevier, vol. 160(C).
    4. Hötte, Kerstin & Pichler, Anton & Lafond, François, 2021. "The rise of science in low-carbon energy technologies," Renewable and Sustainable Energy Reviews, Elsevier, vol. 139(C).
    5. Hayashi, Daisuke & Huenteler, Joern & Lewis, Joanna I., 2018. "Gone with the wind: A learning curve analysis of China's wind power industry," Energy Policy, Elsevier, vol. 120(C), pages 38-51.
    6. Jingbo Cui & Zhenxuan Wang & Haishan Yu, 2022. "Can International Climate Cooperation Induce Knowledge Spillover to Developing Countries? Evidence from CDM," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 82(4), pages 923-951, August.
    7. Zhongju Liao & Xiang Zhu, 2022. "A configurational analysis of firms' environmental innovation: Evidence from China's key pollutant‐discharge listed companies," Sustainable Development, John Wiley & Sons, Ltd., vol. 30(6), pages 1511-1522, December.
    8. van den Bijgaart, Inge, 2017. "The unilateral implementation of a sustainable growth path with directed technical change," European Economic Review, Elsevier, vol. 91(C), pages 305-327.
    9. Alejandro Padilla-Rivera & Ben Amor & Pierre Blanchet, 2018. "Evaluating the Link between Low Carbon Reductions Strategies and Its Performance in the Context of Climate Change: A Carbon Footprint of a Wood-Frame Residential Building in Quebec, Canada," Sustainability, MDPI, vol. 10(8), pages 1-20, August.
    10. Benedict Probst & Simon Touboul & Matthieu Glachant & Antoine Dechezleprêtre, 2021. "Global trends in the invention and diffusion of climate change mitigation technologies," Nature Energy, Nature, vol. 6(11), pages 1077-1086, November.
    11. Solmaria Halleck Vega & Antoine Mandel, 2017. "A network-based approach to technology transfers in the context of climate policy," Documents de travail du Centre d'Economie de la Sorbonne 17009, Université Panthéon-Sorbonne (Paris 1), Centre d'Economie de la Sorbonne.
    12. Cui, Jingbo & Liu, Xi & Sun, Yongping & Yu, Haishan, 2020. "Can CDM projects trigger host countries’ innovation in renewable energy? Evidence of firm-level dataset from China," Energy Policy, Elsevier, vol. 139(C).
    13. Zheming Yan & Rui Shi & Zhiming Yang, 2018. "ICT Development and Sustainable Energy Consumption: A Perspective of Energy Productivity," Sustainability, MDPI, vol. 10(7), pages 1-15, July.
    14. Massimiliano Mazzanti & Antonio Musolesi, 2020. "Modeling Green Knowledge Production and Environmental Policies with Semiparametric Panel Data Regression models," SEEDS Working Papers 1420, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Sep 2020.
    15. Fanny Henriet, Nicolas Maggiar, and Katheline Schubert, 2014. "A Stylized Applied Energy-Economy Model for France," The Energy Journal, International Association for Energy Economics, vol. 0(Number 4).
    16. Roberta Sestini & Donatella Pugliese, 2021. "To buy or to do it yourself? Pollution policy and environmental goods in developing countries," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 48(1), pages 105-135, March.
    17. Avetisyan, Misak, 2018. "Impacts of global carbon pricing on international trade, modal choice and emissions from international transport," Energy Economics, Elsevier, vol. 76(C), pages 532-548.
    18. Costantini, Valeria & Crespi, Francesco & Palma, Alessandro, 2017. "Characterizing the policy mix and its impact on eco-innovation: A patent analysis of energy-efficient technologies," Research Policy, Elsevier, vol. 46(4), pages 799-819.
    19. Gilli, Marianna & Mancinelli, Susanna & Mazzanti, Massimiliano, 2014. "Innovation complementarity and environmental productivity effects: Reality or delusion? Evidence from the EU," Ecological Economics, Elsevier, vol. 103(C), pages 56-67.
    20. Idrissa G.-O. Sibailly, 2015. "On the pigouvian tax rule in an open economy: the case of abatement technology trade," Economics Bulletin, AccessEcon, vol. 35(4), pages 2733-2741.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:gam:jsusta:v:11:y:2019:i:20:p:5834-:d:278692. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: MDPI Indexing Manager (email available below). General contact details of provider: https://www.mdpi.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.