Socio-economic impacts in the development of CCS and new energy storage technologies in the power Industry: A CGE model analysis

Key Points

• Development of CCS and energy storage technologies shows significant socio-economic impacts in the power industry.
• Key economic indicators suggest a notable relationship between CCS adoption and job creation, enhancing local economies.
• CGE model analysis demonstrates the interconnectedness of CCS technologies and energy storage solutions in socio-economic frameworks.
• Findings highlight the necessity for policy considerations in promoting CCS and energy storage solutions within the energy sector.