Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/107323 
Year of Publication: 
2015
Series/Report no.: 
CESifo Working Paper No. 5171
Publisher: 
Center for Economic Studies and ifo Institute (CESifo), Munich
Abstract: 
Carbon Capture and Storage (CCS) is regarded as one of the most important technologies to mitigate climate change while providing fossil-fuel based energy security. During the past decade, projects in support of the development and deployment of the technology have been initiated across the globe. However, a considerable number of these projects have later been put on hold or cancelled. Currently, there is little understanding of what characteristics may have led to these undesirable outcomes. Using data on planned, cancelled and operational CCS projects to date, this paper aims to elicit technological, economic and policy characteristics that render CCS projects more or less likely to become operational. The results consistently find that confirmation of storage site and capture processes that are pre-combustion, industrial separation, or natural gas separation increase the probability of project success, while presence of a carbon policy and non-commercial storage of CO2 are negatively linked to project success.
Subjects: 
carbon capture and storage
regression analysis
carbon policy
technological change
JEL: 
L51
Q50
H30
Document Type: 
Working Paper
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