The industrialization of carbon capture

utilization and storage(CCUS) faces multiple challenges such as high cost

technical security and public acceptance

but the lack of a mature business model and corresponding incentive policies is the main restrictive factor affecting the industrialization of CCUS technology. Therefore

exploring a feasible CCUS business model and formulating relevant incentive policies are of great significance for promoting the commercial deployment of CCUS and achieving the national carbon neutrality goal. Focusing on coal-fired power plants

the system dynamics method is used to compare and analyze two different CCUS business models from the perspectives of economy

technical feasibility and emission reduction benefits

and the system operation effects under different incentive policy scenarios are evaluated. The research results show that

the vertical integration model is the CCUS business model with the most development potential in China at present

and different incentive policies will cause different changes in the CCUS system. Based on the research conclusions

several suggestions are put forward

such as formulating differentiated power generation quota subsidy policies and actively developing the carbon emission trading market.