China's pathways of CO2 capture, utilization and storage under carbon neutrality vision 2060

Carbon dioxide (CO2) Capture, Utilization and Storage (CCUS) is an indispensable part of the carbon removal technologies to achieve carbon neutrality for China. Our study focuses on China's CCUS pathways, and draws out three key conclusions: (1) in terms of the greenhouse gases emission reductions required to achieve carbon neutrality and based on current technology projections, the CO2 emission reductions to be achieved by CCUS are 0.6 similar to 1.4 billion tonnes and 1 similar to 1.8 billion tonnes in 2050 and 2060, respectively; (2) from the perspective of source-sink matching in China, the emission reduction potential provided by CCUS can basically meet the demand of carbon neutrality target (0.6 similar to 2.1 billion tonnes of CO2); (3) with the development of technologies, the cost of CCUS in China has a great potential to be reduced in the future. It is expected that by 2030, the technical cost of the whole CCUS process (according to 250 kilometers transportation) in China will be 310 similar to 770 Chinese Yuan per tonne of CO2, and by 2060, it will gradually drop to 140 similar to 410 Chinese Yuan per tonne of CO2.