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Panel 6. Equal treatment of CCS with other technology options - Dick Wells, NCCSC


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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 - Dick Wells, NCCSC

  1. 1. National CCS Council The case for equal policy treatment of CCS with other clean energy technology Dick Wells Chair, National CCS Council (Australia) Presenting to Conference title, venue date, month, year Presenting to: The Global Status of CCS 2013, South Korea Friday 11 October, 2013 © CO2CRC All rights reserved © NCCSC All rights reserved
  2. 2. National CCS Council The Case for CCS Nuclear 8% End-use fuel switching 9% End-use fuel and electricity efficiency 31% Power generation efficiency and fuel switching 3% CCS 20% Public investment in CCS projects 2007-2012 (global): $2.5B* Renewables 29% Global renewable subsidies in 2011: $88B** IEA Energy Technology Perspectives 2012 * IEA CCS Technology Roadmap 2013 ** IEA World Energy Outlook 2012
  3. 3. National CCS Council An Australian Case Study: Future Electricity Generation Mix in 2050?
  4. 4. National CCS Council An Australian Case Study: CCS v Renewable Support $1.0B $3.2B CCS Technology Programs $20B+ $10B indirect subsidy in doubt Renewable Technology Programs Clean Energy Finance Corporation Renewable Energy Target
  5. 5. National CCS Council Is equal policy treatment the solution? • Support must be commensurate with the anticipated role of CCS – in Australia and globally • Australian CCS Roadmap: targeted, transitional support needed to facilitate: – Exploration and appraisal of CO2 storage resources – Early-mover, integrated CCS projects – Planning and development of CO2 storage hubs – Continued investment in R&D – particularly storage – National CCS Communication Strategy