Feasibility and institutional design of incorporating carbon capture,utilizationand and storage technology into carbon market
Carbon Capture,Utilization and Storage technology(CCUS)is an important carbon dioxide reduction technology,which is significant for achieving China's carbon neutrality goal.However,CCUS,as a specialized tool dedicated to reducing carbon emissions,simply cannot achieve commercial viability without the necessary policy subsidies and support.Many studies have shown that integrating CCUS into the carbon market has certain feasibility,and many European countries and the United States have already verified that combining carbon capture and storage technology with the carbon market can effectively enhance its capacity.With the further development of CCUS and the restart of China's voluntary carbon market,we can initially incorporate CCUS into the nation carbon market to leverage the subsidy effect of China Emission Allowance.Subsequently,we can bring it into the voluntary carbon market,ultimately achieving coordinated development of CCUS and the carbon market.During this period,we should establish scientific and effective methodologies,construct a legal framework for CCUS,and establish a market access and licensing system to provide institutional safeguards for the convergence of the two.
Carbon neutralcarbon captureutilization and storagecarbon markets