Macroeconomic Impacts of Carbon Capture and Storage in China

摘要: Carbon capture and storage (CCS) is a key technology for reducing greenhouse gas emissions. But CCS facility consumes vast amounts of energy capital. With this in mind we analyze macroeconomic consequences large scale introduction China. We modify extend the DRC-CGE, CGE model country that used long-term planning policy analyses. an internal finance scenario domestic funding, external international funding. In installed on 70 % all power plants by 2050. This increases demand coal 2050 one fifth import fourth. The strain resources may be important political concern are not strained since introduces price carbon lifts prices energy. Moreover, cuts across board much more effective at \(\hbox {CO}_{2}\). On other hand, GDP goes down about 4 %, which also raises concern.