Abstract
This paper discusses and elicits consumer attitudes towards industrial carbon dioxide (CO2) capture and storage (ICCS) products and technologies. It presents a comprehensive review of the relevant research literature on consumer attitudes towards ICCS represented by the willingness-to-pay (WTP) and willingness-to-accept (WTA) negative externalities and outcomes of the carbon capture and storage (the so-called “not-in-my-backyard” (NIMBY) approach). In addition, it employs a concise empirical model that uses the data from the online questionnaire survey conducted in 7 European Union (EU) countries with and without ICSS sites. Our results demonstrate that having at least one ICCS site significantly reduces the WTA for the ICCS products and technologies. It is shown that further increase of ICCS sites, including those in the neighboring regions and countries, leads to the increase of negative consumer attitudes to the ICCS technologies and renewable energy policies. It becomes apparent that the majority of consumers are willing to support industrial CO2 capture and storage only if it happens far away from their dwellings. The outcomes of this paper might be informative for the EU local industries and policy-makers who are planning the location of ICCS sites and optimizing the public support for their endeavors. Moreover, they might be relevant for the stakeholders dealing with the threat of climate change and the necessity for the decarbonization of the economy.
Highlights
According to the World Bank [1], the post-World War II (WWII) era is marked by a global economic upturn, which was characterized by growth in the global populations, industrialization, and unprecedented utilization of resources driven by decolonization and globalization
One of these approaches are the industrial carbon capture and storage (ICCS) technologies which facilitate the decarbonization of the manufacturing and other sectors of the economy that contribute to the increase of the global CO2 emissions
One would probably agree that recent climate change and ongoing global warming would inevitably call for the optimal solution that would allow meeting climate targets without compromising the use of energy resources
Summary
According to the World Bank [1], the post-World War II (WWII) era is marked by a global economic upturn, which was characterized by growth in the global populations, industrialization, and unprecedented utilization of resources driven by decolonization and globalization. Various initiatives have been rolled out over the years to ensure that the CO2 emissions are not harmful to the environment or are put to better use. One of these approaches are the industrial carbon capture and storage (ICCS) technologies which facilitate the decarbonization of the manufacturing and other sectors of the economy that contribute to the increase of the global CO2 emissions. The ICCS process is aimed at ensuring that the CO2 emissions, which have been growing at a rate commensurate with the industrialization and globalization levels, are minimized in order to utilize the available renewable and non-renewable sources of energy sustainably and protect the environment [6]. ICCS represents a set of technological processes that includes the following components:
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