Preventing the effects of climate change is one of the most pressing challenges of this century. Carbon capture and storage (CCS) technology takes up a promising position in the achievement of a low-carbon future. Currently, CCS projects are implemented not only for CO₂ storage but also for its usage in industries, in conformity with the principles of a circular economy. To date, a number of countries have accumulated experience in launching and implementing CCS projects. At the same time, the peculiarities and pace of technology development around the world remain different. This paper attempts to identify key factors that, first, generally affect CCS projects deployment, and second, create favorable conditions for CCS technologies development. Based on an extensive literature review and the experience of different countries, classification and interpretation of these factors are offered, justifying their impact on CCS projects. As a result of this paper, the authors present an assessment of the maturity of policy incentives and regulations in the field of CCS for different countries with revealed dependence between the level and effectiveness of CCS projects’ implementation, confirming the adequacy of the offered approaches and identifying measures that ensure success in CCS. The methodology of this study includes case studies, a modified PEST analysis, system-oriented analysis, the checklist method, and regression analyses.

The issues of global warming and occurrence of the greenhouse effect are widely discussed on a global scale. Various methods of reducing greenhouse gas emissions are actively being investigated and tested, including technologies for sequestration of carbon dioxide, the implementation of which is carried out in the form of CC(U)S (carbon capture, utilization and storage) projects related to capture, disposal and, in some cases, use of CO2. In Russia, CC(U)S technologies are not yet used, but there is a significant potential for their development and distribution. CC(U)S technologies acquire a special role in the context of the development of the energy and industrial sectors of Russia, which are key sources of emissions, and the geological objects belonging to them are potential carbon storages. The purpose of this study is to conceptually analyze the CC(U)S technological cycle and typify such projects, assess the prospects for their implementation in Russia, and identify social effects from the implementation of CC(U)S projects. The main results of the study are presented in the form of a typology of CC(U)S projects, a strategic analysis of the prospects for introduction of such technologies in Russia, as well as development of approaches to assessing social effects with systematization and highlighting a set of indicators for their assessment, which can serve as a basis for re-estimation of the values of CC(U)S projects. The main research methods used were methods of decomposition, systematization and typology, as well as strategic analysis with a focus on relevant practical materials on the topic of the work. Directions for further research are related to the substantiation of the methodology for assessing social effects of CC(U)S projects, including for the conditions of Russia, based on the principles of balancing the interests of key participants.

As risk and uncertainty factors have become more prominent in the already volatile energy market because of the COVID-19 pandemic, the development of Arctic hydrocarbon resources has become a debatable issue. At any rate, oil and gas companies need to improve their strategic management systems (along with the development of technologies) for the successful implementation of such complex projects. The purpose of this study was to propose the conceptual basis for transforming strategic management and planning systems of oil and gas companies so that they can successfully face global challenges when implementing offshore oil and gas projects in the Arctic as well as provide more sustainable energy sources. The article discusses the current situation with Arctic initiatives and the results of an analysis of price instability in the energy sector, along with an analysis of several megatrends affecting oil and gas companies. All this allows for presenting a conceptual vision of how a strategic management system should be transformed in order to become able to meet the requirements for implementing Arctic projects, with the emphasis being placed on sustainability, management requirements, and the key principles. The research is based on the fundamentals of strategic management and strategic planning and relies on methods such as desk study, content analysis, event analysis, comparative analysis, and factor analysis.