The Global Status of CCS 2012 - Brad Page
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The Global Status of CCS 2012 - Brad Page

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2012 Members' Meeting keynote by Global CCS Institute CEO, Brad Page.

2012 Members' Meeting keynote by Global CCS Institute CEO, Brad Page.

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The Global Status of CCS 2012 - Brad Page The Global Status of CCS 2012 - Brad Page Presentation Transcript

  • THE GLOBAL STATUS OF CCS: 2012BRAD PAGE, CEOInternational Members’ Meeting, Calgary10 October 2012
  • THE GLOBAL STATUS OF CCS: 2012Key Institute publication  Comprehensive coverage on the state of CCS projects and technologies.  Progress outlined since 2011.  Challenges and recommendations for moving forward.
  • KEY MESSAGES The Global Status of CCS: 20121. Action is needed now to ensure CCS can play a vital role in tackling climate change.2. CCS is already contributing, but progress must be accelerated.3. Slow progress but important developments.4. Encouraging policy support but more required.5. Barriers must be overcome to realise the benefits of CCS.6. Reducing the cost of technology through demonstration projects is vital.7. Acceleration of CCS depends on collaboration and knowledge sharing.
  • KEYMESSAGE ACTION IS NEEDED NOW TO ENSURE CCS CAN PLAY A VITAL ROLE IN TACKLING CLIMATE CHANGE [1 [ Energy-related CO2 emission reductions by technology SOURCE: IEA NOTE: Percentages represent share of cumulative emissions reductions to 2050. Percentages in brackets represent share of emissions reductions in the year 2050.
  • KEYMESSAGE CCS IS ALREADY CONTRIBUTING, [2 [ BUT PROGRESS MUST BE ACCELERATED Volume of CO2 potentially stored by large-scale integrated projects
  • KEYMESSAGE CCS IS ALREADY CONTRIBUTING, [2 [ BUT PROGRESS MUST BE ACCELERATED Large-scale integrated projects by asset lifecycle and region/country
  • KEYMESSAGE CCS IS ALREADY CONTRIBUTING, [2 [ BUT PROGRESS MUST BE ACCELERATED There are 8 projects in the under construction (Execute stage):  2 power plants  2 natural gas processing plants  2 hydrogen plants  1 fertiliser plant  1 ethanol plant
  • KEYMESSAGE SLOW PROGRESS BUT IMPORTANT [3 [ DEVELOPMENTS Large-scale integrated projects by asset lifecycle and year
  • KEYMESSAGE SLOW PROGRESS BUT IMPORTANT [3 [ DEVELOPMENTS Volume of CO2 potentially stored by primary storage type and region
  • KEYMESSAGE ENCOURAGING POLICY SUPPORT BUT [4 MORE REQUIRED [  CCS in the Clean Development Mechanism (CDM) marks an exciting new era.  Inclusion in the CDM enhances international recognition and encourages institutional arrangements needed to support CCS projects.  Progress has also been seen in a number of countries – including the UK, China and Australia.  Vital that more progress is made and for the necessary regulatory infrastructure to be in place to support CCS.
  • KEYMESSAGE ENCOURAGING POLICY SUPPORT BUT [4 MORE REQUIRED [  UK taking leading role by implementing policies intended to drive CCS deployment beyond demonstration projects.  European Commission announcing the current order of selection for the NER300 funding program.  Full ratification of the OSPAR Convention which is important to transporting and storing CO2 offshore.  Challenges remain for the adoption of the amendments to the London Protocol to allow the export of CO2 for storage in offshore geological formations.  International standards for CCS are being developed but this is likely to take time.
  • KEYMESSAGE BARRIERS MUST BE OVERCOME TO REALISE [5 THE BENEFITS OF CCS [ Costs of CO2 avoided
  • KEYMESSAGE BARRIERS MUST BE OVERCOME TO REALISE [5 THE BENEFITS OF CCS [  Storage site selection and characterisation is a lengthy and costly process.  Early storage exploration is critical for many projects to proceed.  Majority of perceived risk in CCS projects is often associated with storage.  Public understanding of CCS remains low.  Need to bring down the costs of CO2 capture through technology developments and demonstration.
  • KEYMESSAGE REDUCING THE COST OF TECHNOLOGY [6 [ THROUGH DEMONSTRATION PROJECTS IS VITAL TCM, Norway Quest, Canada Plant Barry, US
  • KEYMESSAGE REDUCING THE COST OF TECHNOLOGY [6 [ THROUGH DEMONSTRATION PROJECTS IS VITAL Volume of CO2 potentially captured by industry sector and year
  • KEYMESSAGE ACCELERATION OF CCS DEPENDS ON [7 COLLABORATION AND KNOWLEDGE SHARING [  CCS faces difficult and time-consuming challenges.  Sharing knowledge gained is critical to accelerating the deployment of CCS.  Collaboration and effort is required to increase the intensity and scope of knowledge sharing activities.
  • RECOMMENDATIONS FOR DECISION MAKERS Climate change legislation must not be delayed. In order to achieve emission reductions in the most efficient and effective way CCS must not be disadvantaged. Funding for CCS demonstration projects should be accelerated. Expertise and learning must be shared.
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