Carbon Capture, Utilization, and Storage Risks from Supply Chain Perspective: A Review of the Literature and Conceptual Framework Development

Abstract

The technology called carbon capture, utilization, and storage (CCUS) is important for capturing CO2 emissions before they enter the air. Because everyone wants to stop global warming by reducing CO2 emissions, CCUS is an important and emerging technology that can help slow down climate change, lower emissions in many areas, and support the move toward a sustainable and carbon-neutral future. As CCUS technology and its adaptation increases, it is very important to pay attention to the CCUS risks from a supply chain (SC) point of view. The goal of this study was to identify CCUS supply chain risks and develop a conceptual framework (CF) that provides a structured approach to ensure safe and reliable CCUS supply chain operations. Therefore, this study analyzed the literature related to the SCs of different sectors and identified the SC risks, which was the foundation for CCUS SC risk identification. This study demonstrates that there is no research article that provides a comprehensive CCUS SC risk management framework that connects with risk management strategies. The conceptual framework that is proposed in this study connects CCUS SC functions, risks, and risk management strategies to construct a complete CCUS supply chain risk management system. Moreover, the CF provides guidelines for future research, which will enrich the CCUS supply chain risk management system as well as fight climate change.