Abstract:

Focused on carbon capture, utilization and storage (CCUS) technology, development of relevant policies from major developed economies in recent years are introduced. In the respective of national and local governments, relevant policies or plans for CCUS in China are reviewed and analyzed comprehensively. In the past decade, the release of these policies or plans had strongly promoted the layout and development of CCUS technology in China, and it has come into the stage of industrial demonstration. However, compared with developed economies such as the United States and the European Union, China still has a certain gap on the level of technology development and project scale, and there exist some deficiencies mainly including lack of finance and tax incentive or subsidy policies, slow construction for system of laws, regulations and standards, incomplete layout of CCUS industrial chain, and relatively weak speaking right in international cooperation, etc. In the future, it is suggested that according to the basic national conditions, on the basis of learning from the good policies and practical experience from other countries, China should speed up the research and development of low-cost, low-energy-consumption, safe and reliable CCUS technologies and the construction of industrial clusters, and deepen international cooperation. Then the leading advantage of CCUS industry development could be established gradually which is beneficial to achieve the double carbon target.

Key words: carbon capture, utilization and storage (CCUS), carbon peaking carbon neutrality, policy analysis, industrial cluster