Presentation given by Dr Angela Whelan, Chief Executive of the Ecofin Research Foundation, as part of the Plenary Session: Challenges Facing CCS at the UKCCSRC Biannual Meeting - CCS in the Bigger Picture - in Cambridge, 2-3 April 2014

1. CCS in the bigger picture, UK CCS Research Centre
Cambridge Biannual
2-3 April 2014
Dr Angela Whelan
Chief Executive, Ecofin Foundation
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Mobilising Private Sector
Capital for CCS in the UK

2. Introduction
The Energy Technologies
Institute is a partnership
between global energy
and engineering
companies and the UK
Government, bringing
together projects and
partnerships to accelerate
the development of
affordable, clean and
secure technologies to
help the UK meet its
legally binding 2050
climate change targets.
The Ecofin Foundation is a
charity founded by Ecofin
Limited, a London based
investment management
firm. The Foundation uses
its knowledge of the global
utility and finance sectors
and its network of contacts
to find practical solutions
to help the move to a low
carbon economy.
The ETI and Ecofin
Foundation are working
together to examine the
conditions for mobilising
private sector financing of
carbon capture and
storage.
This brings together the
ETI’s technology and energy
system capabilities with
Ecofin Foundation’s
financial skills and contacts.
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3. Our Focus
• The UK CCS industry beyond DECC’s Commercialisation Projects
• To address the barriers and provide solutions to make early follow on projects
commercial
• To ensure involvement of financial and insurance sectors
• Ecofin Foundation and the Energy Technologies Institute are working with the
Crown Estate and the CCS Association to deliver the solutions
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4. Removing the barriers
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UK CCS Cost Reduction Task Force
UK CCS Commercial
Development Group
Lead: Ecofin Foundation
UK CCS Transport & Storage
Development Group
Lead: The Crown Estate
UK CCS Knowledge
Transfer Group
Lead: CCS Association
UK CCS Development Forum
Co-chaired by:
Michael Fallon – Minister of State for Business and Industry
Michael Gibbons – Chairman CCS Association

5. Barriers to a CCS industry
Energy marketplace challenges - changes in electricity markets create additional uncertainty
• Including addressing EMR issues such as the requirement for early indications of
Contracts for Difference for CCS
Business structures
• Including finding ways of sharing risks between the different elements of the CCS
value chain to reduce counterparty risk
Operational and technology risks
• Including addressing sharing risks between storage developers and the Government
to manage storage leakage liabilities
Confidence in long-term policy
• Encourage support and commitment from Government and policy makers for a long-
term CCS industry beyond the Competition projects.
Informed by discussion with private sector capital providers, project developers and
other stakeholders
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6. Stakeholder engagement
Policy Makers Project Developers
Capital Providers
All major stakeholders need to be fully engaged from the start
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7. UK CCS Commercial Development Group
The UK CCS Commercial Development Group has 4 main goals:
Goal 1 - Ensure involvement of financial and insurance sectors
Goal 2 - Ensure funding mechanisms are fit for purpose
Goal 3 - Continue to develop a UK CCS policy and regulatory framework
Goal 4 - Create bankable contracts for CCS
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8. THANK YOU!
George Day
george.day@eti.co.uk
www.eti.co.uk
Dr Angela Whelan
angela.whelan@ecofinfoundation.org
www.ecofinfoundation.org
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Contact details