Accelerating the deployment of carbon capture and storage technologies by strengthening the innovation system

Abstract

In order to take up the twin challenge of reducing carbon dioxide (CO2) emissions, while meeting a growing energy demand, the potential deployment of carbon dioxide capture and storage (CCS) technologies is attracting a growing interest of policymakers around the world. In this studywe evaluate and compare national approaches towards the development of CCS in the United States, Canada, Norway, the Netherlands, and Australia. The analysis is done by applying the functions of innovation systems approach. This approach posits that new technology is developed, demonstrated and deployed in the context of a technological innovation system. The performance assessment of the CCS innovation system shows that the extensive knowledge base and knowledge networks, which have been accumulated over the past years, have not yet been utilized by entrepreneurs to explore the market for integrated CCS concepts linked to power generation. This indicates that the build-up of the innovation system has entered a critical phase that is decisive for a further thriving development of CCS. In order to move the CCS innovation system through this present difficult episode and deploymore advanced CCS concepts at a larger scale; it is necessary to direct policy initiatives at the identified weak system functions, i.e. entrepreneurial activity, market creation and the mobilization of resources. Moreover, in some specific countries it is needed to provide more regulatory guidance and improve the legitimacy for the technology.We discuss how policymakers and technology managers can use these insights to develop a coherent policy strategy that would accelerate the deployment of CCS.