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Global CCS Institute receives follow-on grant from the U.S. Department of State for capacity building activities in developing countries
04 Oct 2011
The Global CCS Institute is pleased to announce that it is receiving a second grant from the U.S. Department of State in support of its carbon capture and storage (CCS) capacity building activities in developing countries.
A year ago the Institute was granted US$500,000, which supported initiatives the Institute carries out through the Clean Energy Ministerial on CCS and carbon dioxide reuse. This included a study on CO2 reuse potential; sharing of best practice around financial support mechanisms and policies; and case studies on creating the best enabling environment for CCS deployment, among others.
This year the Institute is receiving a further US$500,000, which will go towards activities in India, Malaysia, South Africa and Mexico. Funding will support Institute initiatives in the areas of financing, policy and regulatory, and capacity development.
As per the grant objectives, U.S. Government policy advances CCS technology as an important means for helping to put the world on a path toward sustainable economic growth.
“This is an acknowledgement of the important role CCS will play in developing countries, where most of the growth in power demand will happen in coming decades,” said Global CCS Institute General Manager for Policy and Membership, Barry Jones.
“Only one of the current large scale CCS projects is in a developing country. This needs to change pretty quickly if we are to meet global emission reduction targets.”
In-Salah, a project in Algeria, has been operational since 2004. It is one of eight operational and six CCS projects under construction worldwide.
For further information please contact: Kristina Stefanova
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About the Global CCS Institute
The Global CCS Institute works with organisations and governments to accelerate the broad deployment of commercial CCS and ensure that the technology plays a role in responding to the world’s need for a low carbon energy future.
The Institute plays a key role in knowledge sharing across demonstration projects and is working on enabling the regulatory and policy as well as commercial and financial conditions for CCS to be deployed commercially around the world.
It has more than 320 Members.
More information is available at www.globalccsinstitute.com