Policy Issues
- Cost on Carbon: Policies that place a cost on GHG emissions, for example, cap and trade, would decrease the investments in conventional fossil-fuel use and increase investments in CCS.
- Counting CCS in Clean Energy Standards: A clean energy standard is policy that requires electric utilities to give a certain part of electricity from assigned low carbon dioxide-emission sources. CCS has been incorporated in state-level clean energy standards and under a proposed government clean energy standard.
- Subsidizing for Continued CCS Research, Development, and Demonstration: All around the world, approximately $23.5 billion public help has been made accessible for CCS projects. By the end of 2010, public establishments had circulated just 55 percent of the accessible public support for CCS to actual CCS projects.The United States has used pretty nearly $6.1 billion of the accessible $7.4 billion in public funding assigned for CCS. Under the American Recovery and Reinvestment Act of 2009, the U.s. department of Energy's Office of Fossil Energy got $3.4 billion to help clean coal and different parts of CCS development.
Policy Issues for Countries around the world
Image Source: https://workspace.imperial.ac.uk/climatechange/Public/pdfs/Briefing%20Papers/Grantham%20Briefing%20paper_Carbon%20Capture%20Technology_November%202010.pdf
References:
- https://workspace.imperial.ac.uk/climatechange/Public/pdfs/Briefing%20Papers/Gr
- http://antham%20Briefing%20paper_Carbon%20Capture%20Technology_November%202010.pdf
- http://www.worldcoal.org/coal-the-environment/carbon-capture-use--storage/ccs-technologies/
- http://fas.org/sgp/crs/misc/R41325.pdf
- http://www.ipcc.ch/pdf/special-reports/srccs/srccs_wholereport.pdf
- http://www.c2es.org/technology/factsheet/CCS