Abstract

This study presents the market for carbon management capacity via carbon capture, utilization, and storage technologies, identifying demand and supply forces, as well as clarifying the potential impact of market and non-market-based shocks on technology developers versus adopters. The paper addresses a prevailing gap in market analysis, introducing a microeconomic framework and unique dataset to identify key players, market forces, and policy incentives shaping the carbon capture, utilization, and storage landscape. The analysis equips industry stakeholders, policymakers, and investors with valuable insights regarding (1) leaders in the design, development, and manufacture of carbon capture, utilization, and storage technologies (supply), (2) early technology adopters (demand) who are at the forefront in the pursuit of sustainable carbon management, and (3) the need to use both market and non-market forces to achieve decarbonization across multiple sectors.

Department(s)

Economics

Second Department

Psychological Science

Third Department

Civil, Architectural and Environmental Engineering

Publication Status

Open Access

Comments

National Science Foundation, Grant 2308737

Keywords and Phrases

CCS; CCU; Climate change; Economics; Innovation; Market analysis; Policy; Section 45Q

International Standard Serial Number (ISSN)

2666-1888

Document Type

Article - Journal

Document Version

Final Version

File Type

text

Language(s)

English

Rights

© 2024 Elsevier, All rights reserved.

Creative Commons Licensing

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 License.

Publication Date

01 Dec 2024

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