Roadmap for Carbon Capture and Storage Demonstration and Deployment in the People’s Republic of China
Will Carbon capture and storage technologies help the People’s Republic of China peak out its carbon dioxide (CO2) emissions by 2030?
In the People’s Republic of China (PRC), carbon dioxide (CO2) emissions have risen in tandem with its rapid economic growth for the past three decades due to its carbon-intensive coal dominated energy mix. Consistent with its aim to peak out CO2 emissions by 2030, the Government of the PRC is implementing strong measures to transform its energy to a low-carbon mix.
Many studies have highlighted Carbon capture and storage (CCS) as an essential part of a portfolio of technologies that are required to achieve cost-effective long-term CO2 mitigation. Yet many perceived and real risks and barriers are delaying CCS demonstration and deployment, risking the attainment of CO2 mitigation objectives. But at present CCS is the only near-commercial technology that allow to make deep cuts (up to 90%) in CO2 emissions from fossil fuel related power plants and industries.
This report is an assessment of the potential, the barriers and the challenges in demonstrating and deploying Carbon capture and storage (CCS) in the People's Republic of China. It identifies unique low cost opportunities, recommends a gradual two phase approach to CCS deployment in the country and, provides complementary suite of policy actions to enable it.
Among the report's key messages are the following:
- CCS demonstration and deployment is essential for cost-effective climate change mitigation;
- The PRC can benefit from international experiences;
- Unique low-cost CCS demonstration opportunities exist in the PRC;
- CCS demonstration faces formidable challenges in the absence of targeted support;
- Current low oil prices may have temporarily reduced incentives for CO2; and
- A phased approach to CCS demonstration and deployment is needed.
- Key Messages
- Carbon Capture and Storage: An Essential Climate Change Mitigation Technology for the PRC
- Readiness to Launch CCS Demonstration in the Thirteenth Five-Year Plan
- Wider Demonstration, Innovation and Knowledge Sharing to Overcome Early-stage Challenges
- Recommended Phased Approach to the Deployment of Carbon Capture, Utilization, and Storage in the PRC