Value of CCUS Technology to the Modern Power System and Policy Framework Design

With the increasing global energy demand and the on-going climate change, efficient utilization of fossil energy and reduction of CO
2
emissions have become important research areas. This study aims to outline the potential value of carbon capture, utilization and storage (CCUS) technology in building a new type of power system. CCUS (carbon capture, utilization and storage technology) is a key emission reduction technology under the carbon neutrality target, which is crucial to the transformation of China's coal-based energy structure. This study analyzes the technological development of each link in the CCUS industry chain, compares the level of CCUS technology, commercial applications and support policies at home and abroad, analyzes the value of CCUS for building a new power system, discusses a reasonable development path for coal power in China considering CCUS technology, and finally puts forward relevant recommendations.