Policy Mechanisms to support the large-scale deployment of Carbon Capture and Storage (CCS)
Vivid Economics, as part of a consortium with Element Energy, was commissioned by a group of large energy private companies to provide support in understanding the barriers to Carbon Capture and Storage (CCS) deployment and develop policy suggestions to incentivise large scale CCS take up. Vivid’s work focussed on the policy analysis.
The project progressed in two stages: firstly, a long list of possible policies was created based on stakeholder interviews, analysis of existing CCS support policies and analysis of policies in analogous sectors. In a workshop with stakeholders, the long list was then narrowed down to four possible policies, such as a CCS obligation. The four selected policies were analysed in detail to assess their likely efficiency, effectiveness and feasibility.
Read our report: CCS Market Mechanisms