TY - JOUR
T1 - Carbon capture and sequestration (CCS) technological innovation system in China
T2 - Structure, function evaluation and policy implication
AU - Lai, Xianjin
AU - Ye, Zhonghua
AU - Xu, Zhengzhong
AU - Husar Holmes, Maja
AU - Henry Lambright, W.
N1 - Funding Information:
The relatively low degree of perceived strength of the financial resource mobilization function is evidence of the disaggregation of two key types of financial resources need to develop CCS technology, construction costs and operational costs. There is greater resource mobilization for CCS research and development by financially supporting construction capital costs, but there is limited financial support for the operational costs. The operational costs for developing and deploying CCS are significant due to higher costs to produce electricity with CCS and the impact on parasitic loads that increase the amount resources needed to produce electricity. Additionally, although CCS demonstration projects in China receive substantial government funding, there is limited financial capital support from non-state enterprises market in China. China has negotiated with international agencies, such as the Asian Development Bank, to provide financial assistance in the forms of grants for technology development and loans to support capital construction costs. However, financial support from investment banks and other capital markets are absent. Survey respondents were more optimistic regarding the resource mobilization of human capital. As state-owned enterprises, the coal power generation sector and oil and gas sector have traditionally provided high-quality human resource capital. There is potential for existing human capital capacity to strengthen the resource mobilization function of CCS innovation in China.
Funding Information:
Generally, the main driver of knowledge development is the CCS funding from the government, industrial, and international CCS programs. Initially, several international CCS cooperative programs 12 12 triggered CCS knowledge development. The central government authorized and increased funding for CCS R&D and demonstration projects through four major national R&D programs, such as the Basic Research Programs (973 Program), National High Technology Programs (863 Program), National S&T support program, and the Key Technologies R&D program. Guided by the government CCS programs, many industrial CCS development projects were launched by major energy companies, such as PetroChina, Sinopec, Huaneng, and Shenhua Group.
PY - 2012/11
Y1 - 2012/11
N2 - Carbon capture and sequestration (CCS) can be an important technology option for China in addressing global climate change and developing clean energy technologies. Promoted by international climate conventions and supported by government research and development programs, an increasing number of CCS pilot and demonstration projects have been launched in China. In this study, we analyze the structure of China's CCS effort from a technological innovation system (TIS) perspective. Within this system, key socio-political components, including institutions, actor-networks, and technology development, are examined to evaluate the state of the innovation system. The study assessed the perceived capacity of seven functional areas of the CCS innovation system through a survey of key CCS actors and stakeholders. The findings suggest that China's CCS innovation system has a strong functional capacity for knowledge and technology development. It is significantly weaker in the innovative functions of knowledge diffusion, market formation, facilitating entrepreneurs and new entrants into the CCS market. Based on the evaluation of China's technological innovation system to develop CCS, the article articulates specific public policies to formulate a more robust innovation system to traverse the "valley of death" from research and development to commercial deployment and accelerate energy innovation in China.
AB - Carbon capture and sequestration (CCS) can be an important technology option for China in addressing global climate change and developing clean energy technologies. Promoted by international climate conventions and supported by government research and development programs, an increasing number of CCS pilot and demonstration projects have been launched in China. In this study, we analyze the structure of China's CCS effort from a technological innovation system (TIS) perspective. Within this system, key socio-political components, including institutions, actor-networks, and technology development, are examined to evaluate the state of the innovation system. The study assessed the perceived capacity of seven functional areas of the CCS innovation system through a survey of key CCS actors and stakeholders. The findings suggest that China's CCS innovation system has a strong functional capacity for knowledge and technology development. It is significantly weaker in the innovative functions of knowledge diffusion, market formation, facilitating entrepreneurs and new entrants into the CCS market. Based on the evaluation of China's technological innovation system to develop CCS, the article articulates specific public policies to formulate a more robust innovation system to traverse the "valley of death" from research and development to commercial deployment and accelerate energy innovation in China.
KW - Carbon capture and storage in China
KW - Energy policy
KW - Technological innovation system
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U2 - 10.1016/j.enpol.2012.08.004
DO - 10.1016/j.enpol.2012.08.004
M3 - Article
AN - SCOPUS:84866945807
VL - 50
SP - 635
EP - 646
JO - Energy Policy
JF - Energy Policy
SN - 0301-4215
ER -