Carbon Capture and Storage Technology Management and Public-Private Collaboration Opportunities

Increasing concern over climate change has highlighted the importance of implementing technologies such as carbon capture and storage to mitigate the impact of emissions on the environment. This technology, which captures, transports, and securely stores carbon dioxide emissions from sources such as factories and power plants, has been used increasingly in industries such as cement production, steel manufacturing, and chemical processing. Despite its significance, the high costs, unclear regulations, and inadequate infrastructure pose challenges for its implementation. This paper analyzes policy frameworks and economic incentives alongside strategic alliances between the government and businesses to highlight the significant role played by well-designed carbon capture policies in attracting investments from the private sector. The results identify several factors that can help carbon capture and storage evolve from a developing solution to a component of worldwide climate plans. The first is building connections between businesses and governments. Second, transnational cooperation and sharing knowledge resources and best practices among nations are vital for combating climate change through such initiatives. Third, financial incentives can also catalyze the development of the infrastructure that supports energy production and consumption patterns that lead to fewer carbon emissions.