Global Status of CCS: 2012 webinar slide pack

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Emphasising the key message drawn from the Global CCS Institute's Global Status of CCS: 2012 report this webinar provides the most up to date account of global large-scale integrated projects; analyses into project financing and the business case for CCS demonstration; as well as developments in CCS policy, legislation and regulation.

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Global Status of CCS: 2012 webinar slide pack

  1. 1. THE GLOBAL STATUS OF CCS: 2012Global CCS Institute Webinar24 October 2012
  2. 2. 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  Access at www.globalccsinstitute.com 2
  3. 3. BARRY JONESGeneral Manager – Policy and Membership • Responsible for the Institute’s work on CCS economic, policy, legal and regulatory issues, capacity development, and membership relations. • Extensive senior executive experience with Australian Government departments and agencies in the fields of energy and resources, climate change, industry policy, and small and medium enterprise issues. • Formal qualifications include a Bachelor of Science and Master of Public Policy from the Australian National University. 3
  4. 4. HOLGER BIETZGeneral Manager – Projects, Financial and Commercial • Responsible for the Institute’s Project Collaboration activities including technology public engagement, financial and commercial issues • Broad leadership experience with RWE Group, with accountability for planning and development of large-scale energy infrastructure projects in the sector. • Education includes legal and business management credentials and a graduate of the Australian Institute of Company Directors. 4
  5. 5. QUESTIONSYou can submit questionsto us simply by typingyour question directly intothe GoToWebinar controlpanel. 5
  6. 6. KEY MESSAGES The Global Status of CCS: 20121. Action is needed now to ensure CCS can play a vital role in tackling climate change2. CCS is already contributing, but progress must be accelerated3. Steady progress but important developments4. Encouraging policy support but more required5. Barriers must be overcome to realise the benefits of CCS6. Reducing the cost of technology through demonstration projects is vital7. Acceleration of CCS depends on collaboration and knowledge sharing 6
  7. 7. KEYMESSAGE ACTION IS NEEDED NOW TO ENSURE CCS CAN [1 [ PLAY A VITAL ROLE IN TACKLING CLIMATE CHANGE Global CO2 emissions SOURCE: Conway and Tans (2012), NOAA/ESRL. 7
  8. 8. KEYMESSAGE ACTION IS NEEDED NOW TO ENSURE CCS CAN [1 [ PLAY A VITAL ROLE IN TACKLING CLIMATE CHANGE 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. 8
  9. 9. KEYMESSAGE ACTION IS NEEDED NOW TO ENSURE CCS CAN [2 [ PLAY A VITAL ROLE IN TACKLING CLIMATE CHANGE Volume of CO2 potentially stored by large-scale integrated projects 9
  10. 10. KEYMESSAGE CCS IS ALREADY CONTRIBUTING, BUT [2 PROGRESS MUST BE ACCELERATED [ Large-scale integrated projects by asset lifecycle and region/country 10
  11. 11. KEYMESSAGE CCS IS ALREADY CONTRIBUTING, BUT [2 PROGRESS MUST BE ACCELERATED [ 8 operating projects:  6 natural gas processing plants  1 fertiliser plant  1 synthetic natural gas plant 8 projects under construction (Execute):  2 electricity generation plants  2 natural gas processing plants  2 hydrogen plants  1 fertiliser plant  1 ethanol plant
  12. 12. GLOBAL DISTRIBUTION OF PROJECTS
  13. 13. KEYMESSAGE STEADY PROGRESS BUT IMPORTANT [3 DEVELOPMENTS [ Large-scale integrated projects by asset lifecycle and year 13
  14. 14. KEYMESSAGE STEADY PROGRESS BUT IMPORTANT [3 DEVELOPMENTS [ Volume of CO2 potentially stored by primary storage type and region
  15. 15. KEYMESSAGE ENCOURAGING POLICY SUPPORT BUT MORE [4 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. 15
  16. 16. KEYMESSAGE ENCOURAGING POLICY SUPPORT BUT MORE [4 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. 16
  17. 17. KEYMESSAGE BARRIERS MUST BE OVERCOME TO REALISE [5 THE BENEFITS OF CCS [ Costs of CO2 avoided 17
  18. 18. 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. 18
  19. 19. KEYMESSAGE REDUCING THE COST OF TECHNOLOGY [6 THROUGH DEMONSTRATION PROJECTS IS VITAL [ [ Boundary Dam, CanadaQuest, Canada TCM, Norway 19 Plant Barry, US
  20. 20. KEYMESSAGE REDUCING THE COST OF TECHNOLOGY THROUGH [6 [ DEMONSTRATION PROJECTS IS VITAL Volume of CO2 potentially captured by industry sector and year 20
  21. 21. 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. 21
  22. 22. QUESTIONSYou can submit questionsto us simply by typingyour question directly intothe GoToWebinar controlpanel. 22
  23. 23. GLOBALCCSINSTITUTE.COM

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