COP 23

The Institute’s key messages at COP23

  • There simply cannot be an effective response to tackling climate change without CCS. Decisions and actions are required now to lay policy, legal and infrastructure foundations for wide-scale deployment post-2020.
  • CCS in the power sector is a reality with the world’s first large-scale CCS project operating in Canada. CCS technologies are rapidly approaching a critical mass that is necessary for widespread deployment.
  • Now is the time for decision makers to take stock of what has been achieved so far and build on these solid foundations so that CCS can make major contributions to reductions in greenhouse gas emissions.
  • All countries need to enhance their mitigation pledges under the Paris Agreement albeit on a common but differentiated responsibility basis (CBDR); most of the emissions growth will be generated from the continued industrialisation ambitions of these countries.
  • CCS can help enhance all national mitigation ambitions in a post-2020 context, but supporting CCS in developing countries also requires meaningful international assistance and collaboration.
  • CCS solutions can help deliver a broad range of sustainable development and non-CO2 (i.e. air pollution) benefits, and these should be recognised and fully valued within any project level business case.
  • Many countries are interested in CCS but lack the resources and institutional frameworks required; this is why the bodies operating under the UNFCCC’s Technology Mechanism and finance mechanism must consider CCS a higher-priority level than is currently the reality.

 

Press Conference: CCS and the new climate economy