Abstract

http://ssrn.com/abstract=2303738
 


 



Understanding Barriers to Commercial-Scale Carbon Capture and Sequestration in the United States: An Empirical Assessment


Lincoln L. Davies


University of Utah - S.J. Quinney College of Law

Kirsten Uchitel


University of Utah - S.J. Quinney College of Law

John Ruple


University of Utah, SJ Quinney College of Law

August 1, 2013

Energy Policy, Vol. 59, pp. 745-61 (2013)

Abstract:     
Although a potentially useful climate change mitigation tool, carbon capture and sequestration (CCS) efforts in the United States remain mired in demonstration and development. Prior studies suggest numerous reasons for this stagnation. This article empirically assesses those claims. Using an anonymous opinion survey completed by 229 CCS experts, we identified four primary barriers to CCS commercialization: (1) cost and cost recovery, (2) lack of a price signal or financial incentive, (3) long-term liability risks, and (4) lack of a comprehensive regulatory regime. These results give empirical weight to previous studies suggesting that CCS cost (and cost recovery) and liability risks are primary barriers to the technology. However, the need for comprehensive rather than piecemeal CCS regulation represents an emerging concern not previously singled out in the literature. Our results clearly show that the CCS community sees fragmented regulation as one of the most significant barriers to CCS deployment. Specifically, industry is united in its preference for a federal regulatory floor that is subject to state-level administration and sensitive to local conditions. Likewise, CCS experts share broad confidence in the technology’s readiness, despite continued calls for commercial-scale demonstration projects before CCS is widely deployed.

Number of Pages in PDF File: 44

Keywords: Carbon capture and sequestration, climate change mitigation, climate policy

JEL Classification: K23, K32, K20, K30, L50, L52, L90, L94, L97, L98, O30, O31, O32, O33, O38, Q38, Q42

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Date posted: August 1, 2013  

Suggested Citation

Davies, Lincoln L. and Uchitel, Kirsten and Ruple, John, Understanding Barriers to Commercial-Scale Carbon Capture and Sequestration in the United States: An Empirical Assessment (August 1, 2013). Energy Policy, Vol. 59, pp. 745-61 (2013). Available at SSRN: http://ssrn.com/abstract=2303738

Contact Information

Lincoln L. Davies (Contact Author)
University of Utah - S.J. Quinney College of Law ( email )
332 S. 1400 East Front
Salt Lake City, UT 84112-0730
United States
HOME PAGE: http://www.law.utah.edu

Kirsten Uchitel
University of Utah - S.J. Quinney College of Law ( email )
332 S. 1400 East Front
Salt Lake City, UT 84112-0730
United States
John Ruple
University of Utah, SJ Quinney College of Law ( email )
332 S. 1400 East Front
Salt Lake City, UT 84112-0730
United States
801-581-6545 (Phone)

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