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Enhancing the Economic Feasibility of Carbon Capture, Utilisation, and Storage (CCUS) Projects

Author

Listed:
  • Farhad Taghizadeh-Hesary

    (School of Global Studies & TOKAI Research Institute for Environment and Sustainability (TRIES), Tokai University, Japan†Adnan Kassar School of Business, Lebanese American University, Beirut, Lebanon)

  • Lilu Vandercamme

    (��School of Economics, Keio University, Tokyo, Japan)

  • Han Phoumin

    (�Economic Research for ASEAN and East Asia (ERIA), Jakarta, Indonesia)

Abstract

Carbon capture, utilisation, and storage (CCUS) technologies have the potential to play a crucial role in mitigating climate change by capturing CO2 emissions from industrial processes and power generation. This study aims to explore the economic feasibility of CCUS and provide practical policy recommendations for making CCUS technologies economically feasible. The findings emphasise the importance of integrated policy frameworks, carbon pricing mechanisms, R&D investments, international collaboration, regulatory certainty, public awareness, and industry collaboration to unlock the potential of CCUS.

Suggested Citation

  • Farhad Taghizadeh-Hesary & Lilu Vandercamme & Han Phoumin, 2024. "Enhancing the Economic Feasibility of Carbon Capture, Utilisation, and Storage (CCUS) Projects," Journal of Environmental Assessment Policy and Management (JEAPM), World Scientific Publishing Co. Pte. Ltd., vol. 26(01), pages 1-23, March.
    • Handle: RePEc:wsi:jeapmx:v:26:y:2024:i:01:n:s1464333223500242
    DOI: 10.1142/S1464333223500242
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