4.8 Article

A social learning approach to carbon capture and storage demonstration project management: An empirical analysis

Journal

APPLIED ENERGY
Volume 299, Issue -, Pages -

Publisher

ELSEVIER SCI LTD
DOI: 10.1016/j.apenergy.2021.117336

Keywords

Carbon Capture and Storage Projects; Decision Simulation; Feasibility Evaluation; Random Forests Algorithm; Social learning

Funding

  1. National Natural Science Foundation of China [71521002, 72073014, 71822401]
  2. China's National Key RD Program [2016YFA0602603]

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Carbon capture and storage (CCS) is crucial for limiting global warming, and studying the social aspects of project implementation is essential for project success. The study developed an accurate social learning model and found that project performance is more relevant than policy incentives or media hype.
Carbon capture and storage (CCS) is an essential technology option for limiting global warming to well below 2 degrees Celsius. Demonstration is an important engineering measure towards large-scale CCS promotion. Implementing a demonstration project is a complicated process of system engineering management that involves a large number of strategic decisions. It is critical to investigate the potential knowledge-generating and decision-making processes embedded in the CCS demonstration, as well as to learn from past successes and failures. Learning-oriented approaches used to be primarily concerned with technical costs, which sparked a lengthy debate regarding the economic viability of CCS projects, but little attention was devoted to the social aspects of project implementation. Based on historical evidence on CCS demonstrations globally, this study developed a data-driven social learning model with high accuracy in estimating the chances of project success, combined with 19 socio-technical characteristics. Our results imply that project performance (79.8%) is more relevant than policy incentives (12.8%) and media hype (7.4%) in explaining previous CCS triumphs. Among the seven policy -level characteristics, tax credits and regulatory legislation have grown in importance over the last 20 years, while the significance of grant subsidies has gradually waned. Furthermore, we found that modest hype assisted in the completion of planned projects, notably carbon dioxide storage projects. The sociocultural narrative of CCS does not yet have a set ending. This highlights the significance of telling compelling CCS stories in steering the future trajectory of technology and the low-carbon energy revolution.

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