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Overcoming Barriers to Carbon Capture and Storage Through International Collaboration

2018
Think Tank Report
Toby Lockwood
International Policy/Guidance
Carbon Capture, Utilization and Storage → Carbon Capture and Storage

2 Resources:

Executive Summary

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Link to Full Report

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Summary/Abstract

CCS faces a number of unique barriers, including high upfront costs and investment risks, uncertain public and political support, and a need for new regulatory regimes. To help overcome these barriers, a number of formal collaborations have been established between countries with commitments to CCS development. Multilateral initiatives such as the Carbon Sequestration Leadership Forum and the Clean Energy Ministerial have sought to share research experience, spread favourable policy and regulation, promote public acceptance, and build mutual trust on commitment to CCS. Several bilateral agreements, often between an OECD country and China, have also been created over the last decade with a view to promote investment and joint research into CCS. This IEA Clean Coal Centre report reviews the barriers to CCS development and highlights the work of some key multilateral and bilateral initiatives, as well as the challenges they have faced.

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