WEI Haifeng. Economic benefits and fiscal tax policies of CO2 capture, utilization and storage[J]. Petroleum Reservoir Evaluation and Development, 2024, 14(2): 277-283.
WEI Haifeng. Economic benefits and fiscal tax policies of CO2 capture, utilization and storage[J]. Petroleum Reservoir Evaluation and Development, 2024, 14(2): 277-283. DOI: 10.13809/j.cnki.cn32-1825/te.2024.02.013.
With the convergence of global carbon neutrality goals
the CCUS industry has ushered in new opportunities after a century of development. Developed countries in Europe and America have vigorously supported the research and development of CCUS technologies and the promotion of engineering demonstrations through measures such as carbon markets
carbon taxation systems
carbon subsidies or rebates
and carbon border adjustment mechanisms. The embryonic form of CCUS industrialization has emerged
with broad market prospects. Compared to foreign countries
China's CCUS-related policies and regulat
ions are mainly guiding in nature
with the scale of the carbon market and carbon price levels still at relatively low levels
urgently requiring strengthened research on CCUS policy and regulatory formulation and supporting measures. Therefore
we define the input-output framework of CCUS projects
sort out the economic benefits and fiscal taxation policy environment of typical CCUS projects in the world
and put forward suggestions on the development of CCUS industrial benefits in China. The analysis shows that foreign projects generally receive direct subsidies from the government
with capture costs accounting for 70% to 80% of operating costs. Environmental costs mainly include environmental risks after CO
2
leakage and additional emissions generated after installing CCUS. Output benefits include direct and indirect benefits
and under conditions where gas prices exceed 200 RMB per ton
CO
2
enhanced oil recovery projects are difficult to achieve economic benefits. In conjunction with a comparative analysis of the current status of CCUS policies and regulations at home and abroad
suggestions for the development of CCUS industrialization are proposed
such as accelerating the pace of technological research and development iterations
increasing the construction of CCUS cluster hub centers
and promptly issuing progressive and combined CCUS policies and regulations..