Abstract
<h2>Summary</h2> Carbon capture and storage (CCS) has been recognized as a key technology in energy systems decarbonization. However, numerous attempts to deploy CCS failed, and the technology is still viewed as pre-commercial. Consequently, public investment in CCS has been largely limited to research, development, and demonstration (RD&D) in capture technology. While it is understood that private investment will typically focus on the development of intellectual property aimed at delivering a commercial advantage, there is a lack of evidence that public investment in CCS RD&D can deliver commercial viability. Here, we show that, while improved CCS technology in the electricity systems will deliver larger market shares to the technology developers, the benefit on overall system cost is negligible. Thus, public sector efforts should focus primarily on overcoming commercialization failures, such as the absence of CO<sub>2</sub> transport and storage infrastructures and other deployment barriers, leaving the development of intellectual property to the private sector.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
