Abstract
Carbon capture and storage (CCS) is expected to be a key technology in the coming decades of the energy transition, enabling energy companies to achieve their net-zero carbon goals and developing new categories of energy such as low-carbon fuels and blue hydrogen. CCS is primed for deployment as the technology has been proven and enjoys strong bipartisan support in the U.S. and worldwide. However, it is a complex process that involves site permitting, carbon capture, transportation, and storage, as well as long-term guarantees against the leakage of CO2. In addition, despite governmental incentives, such as the 45Q tax credit in the U.S., the economics of CCS has not been favorable enough for its widespread adaptation. Here we look at how the blockchain’s various technologies, including data ledgers, digital tokens, smart contracts, staking, and oracles, could help support and scale CCS.
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Chen, S., Saraji, S., McLaughlin, F.J. (2023). Carbon Capture and Storage. In: Sustainable Oil and Gas Using Blockchain. Lecture Notes in Energy, vol 98. Springer, Cham. https://doi.org/10.1007/978-3-031-30697-6_7
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