Current Status and Challenges of CCUS Technology Development from a Global Perspective
Jianghan Machinery Research Institute Limited Company of China National Petroleum Corporation, Wuhan 430021, China
| Abstract: | As climate change intensifies, achieving carbon neutrality has become a global focal point. Carbon Capture, Utilization, and Storage (CCUS) technology, as a crucial tool, offer hope for achieving climate goals by capturing CO2 emissions, utilizing captured CO2, and permanently storing it. This paper analyzes the definition and role of CCUS technology, focusing on the development status in the United States, Europe, and Asia. It delves into challenges related to technological innovation, economic cooperation and investment, social and political factors, and international collaboration. The development of new capture technologies and efficient storage and transportation systems is key to improving the feasibility and economy of CCUS technology. Economic cooperation and investment require close cooperation between the public and private sectors, as well as support from international institutions, to jointly promote the CCUS project. In terms of social and political factors, the improvement of social acceptance and policy regulations is a key bottleneck in the development of CCUS technology, which requires the joint efforts of the government, enterprises, and all sectors of society. The research results indicate that through comprehensive considerations such as technological innovation and global cooperation, CCUS technology is expected to achieve greater breakthroughs on a global scale and become a powerful tool for addressing climate change. |
| Keywords: | CCUS; Climate Change; Carbon Neutrality; Technological Innovation; Economic Cooperation and Investment |
| DOI: | 10.57237/j.jsts.2024.01.003 |
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Received: 31 December 2023
Accepted: 26 February 2024
Published Online: 11 March 2024
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