This paper introduces the development of Carbon Capture and Storage (CCS) technology, the progress in CCS demonstration projects, and regulations and policies related to CCS. Bamers and limitations for the large-scale deployment of CCS are discussed. CCS and different technological solutions for emission reduction (e.g., energy conservation and renewable energy) are compared. The analysis shows that China 8hould carefully evaluate the negative impacts of CCS deployment and needs to enhance the research and development input in CCS in order to master core technologies of CCS sy8tems. Furthermore, CCS incentives should depend on actual CCS development. Based on the current situation, China may need to focus on retrofitting existing thermal power plants with CCS technology, so CCS can be promoted for future large-scale application.