Experts pin bigger green hope on CCUS

During the recently-concluded two sessions, a political adviser called for more carbon reduction projects, including carbon capture, utilization and storage (CCUS), to be included in the China Certified Emission Reduction program, to boost the nation's efforts to cope with climate change.

CCUS technology will play an essential role in helping achieve the national dual carbon targets. It is urgent to invite more carbon reduction projects to participate in the carbon trading market while improving relevant support mechanisms at the same time, said Ma Yongsheng, a member of the 14th National Committee of the Chinese People's Political Consultative Conference.

Ma, who is also president of China Petrochemical Corp, suggested strengthening the top-level design of CCUS projects and formulating regulations and industry guidelines to encourage enterprises to carry out voluntary emissions reduction projects while reducing the implementation costs of the carbon trading market for enterprises with emissions control.