Session background and objectives
Carbon capture and storage (CCS) is a key technology to achieve net-zero emissions, but a strong market for CCS does not yet exist in most rejoins globally. This session focus on the ongoing CCS projects, current policy frameworks that can help drive CCS deployment and multilateral/global cooperative efforts on CCS. This session also covers opportunities for CCS to achieve the goals of energy access, energy security and environmental sustainability in a balanced way, and the challenge of accelerating deployment of CCS to the levels required to meet international climate targets.
Tim Dixon [Chair]CV
Manager Technical Programme, IEAGHG
Alex ZapantisCVView and Download Presentation
General Manager Asia Pacific, Global CCS Institute
Global Status of Carbon Capture and Storage
There are currently 15 large scale fully CCS projects in operation around the world with the capacity to store around 27Mt of CO2 annually and another 7 large scale projects that will commence operation before the end of 2017. Global experience demonstrates that the most significant challenge that must be overcome to ensure that CCS can play its part in achieving the ambitious climate targets agreed in Paris in 2015 is commercial. Policy settings that enable massive private sector investment in CCS are essential – CCS is vital to stabilising the global climate.
Jarad DanielsCVView and Download Presentation
Director, Strategic Planning and Global Engagement, Office of Clean Coal and Carbon Management, Office of Fossil Energy, United States Department of Energy
Policy, regulatory, and market risk for CCS in the United States
CCS progress and deployment potential in the United States in both power and industrial sectors will be discussed in light of recent global agreements and domestic policies, regulations, and market conditions. Recent achievements in CCS technology research, development, and demonstration in the United States will be summarized, and analysis of enabling technology goals, policies, and financing frameworks will be presented. For the United States, leveraging existing infrastructure and technology expertise through supportive government actions and coordinated global efforts will be essential for broad deployment of CCS, given challenging market conditions and dynamic energy and climate policy landscapes.
Brian AllisonCVView and Download Presentation
Assistant Head CCS R&D and Innovation, Department for Business, Energy and Industrial Strategy (UK BEIS)
Future of carbon capture and storage in the UK
Confirmation that the cancellation of the two large-scale CCS projects should not be taken as a sign that the UK has written off CCS. Range of options being considered to move CCS forward; action plan for industrial CCS, supporting the development of new capture technologies and knowledge transfer of key learnings from Peterhead and White Rose. Policy questions on CO2 transport infrastructure and its cost, industrial CCS, creating markets for CO2 to aid CO2 utilisation, innovation and its role in reducing the overall cost of CCS. Looking to learn from other countries who are engaged in large-scale CCS.
Ziqiu XueCVView and Download Presentation
Chief Researcher, CO2 Storage Research Group, Research Institute of InnovativeTechnology for the Earth (RITE)
CCS Policy and Major Demonstration Projects in Japan
Compared to the oil and gas fields less wells will be drilled at the CO2 storage sites and thus limited information from the well surveys causes uncertainty and potential risks. The first Japanese CO2 injection test at Nagaoka indicated CO2 trapping mechanisms in saline aquifer storage and improved understandings of CO2 storage in complex geology. This talk will give an overview of the offshore Tomakomai project and also the US-Japan CCS collaboration. The ultimate goal of risk assessment is reducing uncertainty and mitigating risks to the manageable level, while learning from the large-scale demonstration projects.
1. Recent CCS project development and challenges
- What are the implications of Paris agreement for CCS?
- What are the key issues that must be addressed for scaling up CCS deployment globally?
- Why several projects have been cancelled recently?
2. Enabling policy and financing frameworks for CCS deployment
- How to mobilize private sector finance for CCS?
- How to provide predictable policy arrangements that support CCS investment?
- How to frame effective multilateral/global cooperative efforts on CCS?