Decision Analysis and CO2–Enhanced Oil Recovery Development Strategies

Developing an emission risk control model in coal‐fired power plants for investigating CO2 reduction strategies for sustainable business development

“…Carbon trading (cap and trade scheme) is the market‐based mechanism that involves buying and selling credits and permits, allowing the permit holder to emit CO 2 into the atmosphere based on its credit limit (Mansanet‐Bataller & Pardo, 2008; Tietenberg, 2006). Second, geologically, a large amount of captured carbon can be injected into the oil fields, enhancing the oil extraction process (Attanasi & Freeman, 2022), particularly famous in the United States. Third, the storage of captured carbon can be utilized to minimize the costs of industrial products such as urea production, inert agent for food packaging, welding systems, fire extinguishers, and its solid form as metal carbamates for profitable use in the building construction (Schilling & Das, 2020).…”