Carbon Capture and Storage: The Cost and Coordination Motives Behind State InvolvementThe Case of the EU and France

Diplôme Master Carbon Capture and Storage: The Cost and Coordination Motives Behind State InvolvementThe Case of the EU and France eng 2024-05-27 author Mann Marko Alex 988580 director Durand Cédric 0000-0002-1279-4966 916198 Service enseignement, recherche, administratif et technique (SdS) (SCSPS) Cédric Michel Durand <p>This thesis examines the growth of Carbon Capture, Utilization, and Storage (CCUS) technology in public policies addressing global warming through a critical political economy lens, particularly with regards to the pivotal role of the state in its deployment. The study shows that CCUS has technical origins in the Oil and Gas (O&G) industry, which helps explain the continued dominance of O&G majors in the field. O&G firms are leveraging Storage as a Service within part-chain business models, raising concerns about taxpayer funding potentially boosting O&G profits rather than fostering genuine carbon reduction. This highlights the need for robust oversight to ensure public investments achieve environmental goals. The study explores why industrial firms favour CCUS over other emission reduction methods, finding that CCUS minimizes sunk costs and stranded assets.</p> <p>The state's role is analysed using Gabor’s Derisking State and Mazzucato’s Entrepreneurial State frameworks, emphasizing the necessity of state intervention due to private reluctance to invest. Empirically examining CCUS deployment in Europe, particularly France, via the EU SETIS database reveals a resurgence driven by public investment. This, combined with increased coordination efforts by public institutions, indicates a possible shift towards an entrepreneurial state model. The research concludes that CCUS's growing importance in the climate crisis involves complex interactions between numerous actors with diverging interests, at the centre of which state institutions and corporate interests intersect. Further investigation is recommended to explore corporate influence on decarbonization policies and the potential for more inclusive environmental strategies.</p> Carbon Capture Utilization Storage CCUS Cost Coordination France EU, O&G firms Dewey 330 Dewey 330.9 Master in Political Economy of Capitalism 123 Département d'histoire, économie et société T5 193 Institut d'histoire économique Paul Bairoch TE false e1ce6813-1b47-4d8a-a63e-6d4d2e981e0c Master thesis Public Thesis_MM_MAPEC.pdf 2719410 application/pdf Private 2027-09-01 a9da4363dd0095558705ed55e11fc4127339fd17b809050c19597bd501bf396a embargoedAccess Faculté des sciences de la société / Département d'histoire, économie et société Faculté des sciences de la société / Institut d'histoire économique Paul Bairoch

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Carbon Capture and Storage: The Cost and Coordination Motives Behind State InvolvementThe Case of the EU and France				2024	199	0

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