The neglected importance of corporate perceptions and positions for the long-term development of CCS

Braunreiter, Lukas; Bennett, Simon J.

doi:10.21256/zhaw-3328

Please use this identifier to cite or link to this item: https://doi.org/10.21256/zhaw-3328

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DC Field	Value	Language
dc.contributor.author	Braunreiter, Lukas	-
dc.contributor.author	Bennett, Simon J.	-
dc.date.accessioned	2019-04-05T14:03:11Z	-
dc.date.available	2019-04-05T14:03:11Z	-
dc.date.issued	2017	-
dc.identifier.issn	18766102	de_CH
dc.identifier.uri	https://digitalcollection.zhaw.ch/handle/11475/16529	-
dc.description.abstract	Many companies that produce fossil fuels or fossil fuel-derived products show a strong belief in a large and continuing role for fossil fuels in the global economy up to 2050 and beyond. These companies are generally expected to be amongst the primary consumers of carbon capture and storage (CCS) technology. So far, however, fossil fuel companies have shown only moderate interest in CCS. Whilst a lot of potential operational barriers to CCS adoption have been identified in the literature, the value of CCS from a corporate strategy perspective has sometimes been assumed, but rarely explored. This paper asks the following question: What are the perceptions and positions of fossil fuel companies on CCS and how does this inform their decision-making on CCS investment and advocacy? This paper addresses this issue by presenting the results of in-depth interviews with high-level CCS experts from major multinational oil and gas companies and major coal mining firms. The results indicate that CCS would require a significant change within the business strategy of fossil fuel companies. This is contrary to the common argument that CCS is attractive because the technology is regarded as not being very disruptive to the incumbent energy system as it leaves most of the existing infrastructure, actor constellations and institutions intact. While fossil fuel companies engage in CCS development, it is often to familiarise themselves with technologies that might have future value if markets for these technologies take off. In several cases, CCS engagement has served the strategic need to weaken the link between fossil fuel extraction and climate change, build up shareholder trust, and improve public perception. However, there is little evidence that these companies engage in CCS to develop a strategic insurance against climate policy risks to their core businesses.	de_CH
dc.language.iso	en	de_CH
dc.publisher	Elsevier	de_CH
dc.relation.ispartof	Energy Procedia	de_CH
dc.rights	http://creativecommons.org/licenses/by-nc-nd/4.0/	de_CH
dc.subject	CCS	de_CH
dc.subject	Energy transition	de_CH
dc.subject	Scenario	de_CH
dc.subject	Fossil fuel industry	de_CH
dc.subject.ddc	333: Bodenwirtschaft und Ressourcen	de_CH
dc.title	The neglected importance of corporate perceptions and positions for the long-term development of CCS	de_CH
dc.type	Konferenz: Paper	de_CH
dcterms.type	Text	de_CH
zhaw.departement	School of Management and Law	de_CH
zhaw.organisationalunit	Institut für Innovation und Entrepreneurship (IIE)	de_CH
dc.identifier.doi	10.21256/zhaw-3328	-
dc.identifier.doi	10.1016/j.egypro.2017.03.1825	de_CH
zhaw.conference.details	13th International Conference on Greenhouse Gas Control Technologies (GHGT-13), Lausanne, Switzerland, 14-18 November 2016	de_CH
zhaw.funding.eu	No	de_CH
zhaw.originated.zhaw	Yes	de_CH
zhaw.pages.end	7204	de_CH
zhaw.pages.start	7197	de_CH
zhaw.publication.status	publishedVersion	de_CH
zhaw.volume	114	de_CH
zhaw.publication.review	Peer review (Abstract)	de_CH
Appears in collections:	Publikationen School of Management and Law

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Braunreiter, L., & Bennett, S. J. (2017). The neglected importance of corporate perceptions and positions for the long-term development of CCS [Conference paper]. Energy Procedia, 114, 7197–7204. https://doi.org/10.21256/zhaw-3328

Braunreiter, L. and Bennett, S.J. (2017) ‘The neglected importance of corporate perceptions and positions for the long-term development of CCS’, in Energy Procedia. Elsevier, pp. 7197–7204. Available at: https://doi.org/10.21256/zhaw-3328.

L. Braunreiter and S. J. Bennett, “The neglected importance of corporate perceptions and positions for the long-term development of CCS,” in Energy Procedia, 2017, vol. 114, pp. 7197–7204. doi: 10.21256/zhaw-3328.

BRAUNREITER, Lukas und Simon J. BENNETT, 2017. The neglected importance of corporate perceptions and positions for the long-term development of CCS. In: Energy Procedia. Conference paper. Elsevier. 2017. S. 7197–7204

Braunreiter, Lukas, and Simon J. Bennett. 2017. “The Neglected Importance of Corporate Perceptions and Positions for the Long-Term Development of CCS.” Conference paper. In Energy Procedia, 114:7197–7204. Elsevier. https://doi.org/10.21256/zhaw-3328.

Braunreiter, Lukas, and Simon J. Bennett. “The Neglected Importance of Corporate Perceptions and Positions for the Long-Term Development of CCS.” Energy Procedia, vol. 114, Elsevier, 2017, pp. 7197–204, https://doi.org/10.21256/zhaw-3328.