Overview of public policies and strategies for deployment of carbon capture and storage and reflections for Brazil
DOI:
https://doi.org/10.5585/geas.v10i1.19305Keywords:
Carbon capture and storage, Public policy, Carbon pricing, Green bonds, Climate change.Abstract
Objective: to examine which public policies and financing strategies can stimulate the mitigation of GHG emissions through CCS and to reflect on the use of this technology in Brazil.
Methodology: The research approach was qualitative, exploratory and descriptive, based on documental and bibliographic analysis on the subject.
Relevance: Carbon Capture and Storage (CCS) is an emerging technology to reduce greenhouse gases (GHGs) in the atmosphere and thus mitigate climate change. There is a need for government planning to meet Brazil's commitments under the Paris Agreement, in which context the use of CCS can be assessed as a strategy for the country.
Results: The results have shown that the viability of CCS projects is often linked to a strong public policy to support the technology and that it will possibly be dependent on the political will of the government to implement them on a large scale.
Contributions: Analysis of possible approaches to CCS funding in Brazil, also examining possible associations between this technology and some Brazilian sectors, such as oil and gas, bioenergy and cement.
Conclusion: In Brazil, although currently CCS is exclusively associated with the oil and gas sector, this technology can be considered for other sectors as a form of compliance of Brazilian NDCs.
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