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Brad Page – CEOTwelfth Annual CCUS Conference, Pittsburgh, Pennsylvania14 May 2013What is being done, what isn’t, and what...
Economic growth – IEA 2°C scenario2Source: International Energy Agency 2012
Economic growth – IEA 2°C scenario3Source: International Energy Agency 2012
Energy growth: drivers outside the OECD countriesSource: International Energy Agency 2012 4
Potential emissions by current fossil fuel reservesSource: International Energy Agency 2012 5
Potential emissions by current fossil fuel reservesSource: International Energy Agency 2012 6
CCS and power – the role of the AmericasSource: International Energy Agency 20127
Challenges to deployment: Costs8
Challenges to deployment: Revenue9
Challenges to deployment: limited carbon constraints10Source: Energy Information Agency
But CCS benefits from CO2-EOR Enables CCS technology improvement and cost reduction. Improves business case for demonstr...
CO2-EOR challenges CO2-EOR as CCUS although important as an enabler forCCS, it is geographically and capacity limited in ...
CCS policy and funding support13
Source:Gallagher, K.S. and L.D. Anadon, DOE Budget Authority for Energy Research, Development,and Demonstration DatabaseNt...
North America large-scale integrated projects by asset lifecycle and yearSteady progress15
North America large-scale integrated projects by asset lifecycle and yearSteady progress16
 Emissions from various fossil fuel-driven industries andenergy consumption are high. Countries with a particular intere...
What needs to be done Fuel switching and EOR not enough to meet targets. Climate change legislation not progressing suff...
Pittsburgh presentation 13-16 May 2013
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Pittsburgh presentation 13-16 May 2013

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On 13-16 May, the Global CCS Institute hosted an Americas Members’ Meeting in Pittsburgh, Pennsylvania, in conjunction with the 12th Annual Conference on Carbon Capture Utilisation and Sequestration.

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Transcript of "Pittsburgh presentation 13-16 May 2013"

  1. 1. Brad Page – CEOTwelfth Annual CCUS Conference, Pittsburgh, Pennsylvania14 May 2013What is being done, what isn’t, and what must be done to meet carbonreduction goals given current energy needs and economic reality
  2. 2. Economic growth – IEA 2°C scenario2Source: International Energy Agency 2012
  3. 3. Economic growth – IEA 2°C scenario3Source: International Energy Agency 2012
  4. 4. Energy growth: drivers outside the OECD countriesSource: International Energy Agency 2012 4
  5. 5. Potential emissions by current fossil fuel reservesSource: International Energy Agency 2012 5
  6. 6. Potential emissions by current fossil fuel reservesSource: International Energy Agency 2012 6
  7. 7. CCS and power – the role of the AmericasSource: International Energy Agency 20127
  8. 8. Challenges to deployment: Costs8
  9. 9. Challenges to deployment: Revenue9
  10. 10. Challenges to deployment: limited carbon constraints10Source: Energy Information Agency
  11. 11. But CCS benefits from CO2-EOR Enables CCS technology improvement and cost reduction. Improves business case for demonstration and earlymover projects through CO2 revenue. Helps gain public and policymaker acceptance. Builds and sustains a skilled CCS workforce. Supports CO2 transportation network development whereEOR is an option. Improves prospects for worldwide deployment.11
  12. 12. CO2-EOR challenges CO2-EOR as CCUS although important as an enabler forCCS, it is geographically and capacity limited in thelong run. North America is fortunate to have theopportunity. CO2 revenue currently alone will not bridge gap for highcapture cost scenarios; more needs to be done to narrowthe gap (technology, policy, market). Gaps exists between geologic storage permitting andCO2-EOR regimes (Class 2 vs Class 6 in the US). Low Natural Gas prices in North America driving shift togas from coal, but eventually will need CCS on gas tomeet global emissions reduction targets.12
  13. 13. CCS policy and funding support13
  14. 14. Source:Gallagher, K.S. and L.D. Anadon, DOE Budget Authority for Energy Research, Development,and Demonstration DatabaseNth American reality / leadership / project successes14
  15. 15. North America large-scale integrated projects by asset lifecycle and yearSteady progress15
  16. 16. North America large-scale integrated projects by asset lifecycle and yearSteady progress16
  17. 17.  Emissions from various fossil fuel-driven industries andenergy consumption are high. Countries with a particular interest – and participating incapacity development activities – include:- Mexico – investigating CCS as part of its energy and climatechange strategies- Trinidad and Tobago – looking at CCS legal and regulatoryissues- Brazil – publishing a geological storage atlas.Importance of Central and South America17
  18. 18. What needs to be done Fuel switching and EOR not enough to meet targets. Climate change legislation not progressing sufficiently. Use of existing regulations may not be optimum toencourage CCS/CCUS. Need to include CCS in the portfolio of clean technologieswith equitable incentives and treatment - lowering cost ofmeeting reduction targets in the long run. Funding for CCS demonstration projects should beaccelerated and incentives increased from current base. Encourage CCS capacity building in developingeconomies. Opportunities emerging in Central and South America.18
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