Panel 6. Equal treatment of CCS with other technology options - Matthew Billson, DECC

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Delivered at the Global CCS Institute's Global Status of CCS: 2013 event in Seoul, 11 October 2013.

Published in: Technology, Economy & Finance
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Panel 6. Equal treatment of CCS with other technology options - Matthew Billson, DECC

  1. 1. The case for equal policy treatment of CCS with other clean energy technology options Matthew Billson Office of Carbon Capture and Storage
  2. 2. UK Energy Challenge • • 25% of power stations closing by 2020 Need to attract over £100bn investment by 2020 Ensuring secure supplies Tackling climate change • 80% reduction by 2050 Maintaining affordability
  3. 3. ETI / Ecofin 2012 study
  4. 4. “Equal policy treatment of CCS with other clean energy technology options” YES…. AND NO EU 2020 Renewable Energy target EU 2030 Renewable Energy target EU 2030 Decarbonisation target
  5. 5. UK Electricity Market Reform - Subsidy ? £7.6bn £2.35bn 2013 FIT Renewables 2014 2020 Renewables CfD Nuclear CfD CCS CfD c2030 Low Carbon CfD
  6. 6. LCOE £/MWhr 3 waves of CCS projects… 100 0 2013 c2020 c2028 Phase 1 Commercialisation Programme 2 full chain, commercial projects • Support for FEED • Support for construction • Support for operation through specific CfDs Phase 2 Further projects… which may need support Phase 3 Pure commercial projects
  7. 7. Innovation
  8. 8. • Portfolio of energy generation (nuclear, renewables, CCS, gas) • Secure, affordable, low carbon mix • Creating long term, market mechanisms

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