Europe’s ratification signals new era on global climate action
Call for governments to explore new technologies to meet targets
The Global CCS Institute has welcomed the ratification of the Paris Agreement by the European Union as a historic step towards halting global temperature rises.
Global CCS Institute Chief Executive Officer, Brad Page, said support from the European Union member states marks a major turning point in global efforts to safeguard the future health of the planet. With the addition of the European Union on Friday, the Paris Agreement cleared the final hurdle to its legal commencement, with ratification by parties representing at least 55 per cent of global emissions. This means that the parties who have ratified it can formally convene to negotiate the implementation of the Agreement at the 22nd session of the Conference of the Parties (COP 22) in Marrakech in November.
The Institute is now urging governments to rally behind the EU’s ratification by supporting the infrastructure – through new policy legislation and investment in technology - that will enable them to meet these new emission reduction targets.
Brad Page comments: “Europe’s decision to ratify the Paris Agreement is a major step forward in the fight against climate change. The pressure is now on countries to implement measures to meet these new targets for reducing net carbon emissions. Governments should look at all available technologies to do this.”
“Carbon capture and storage is an essential mitigation solution, along with alternative clean energy options such as renewables and energy efficiency, to decarbonise energy systems in an effort to meet the Paris Agreement’s climate goals”.
“CCS is the only technology capable of achieving deep cuts in emissions from industrial processes such as iron and steel, cement, fertilisers, and natural gas processing. With more than 2,000 new coal fired power plants planned globally for construction before 2030, the deployment of CCS is also required at scale in the power sector. To do this, CCS needs to be afforded the same level of national policy support as alternative clean energy technologies like renewables”.
The ratification is followed by Norway’s budget announcement that it is supporting a full-scale CCS project which is planned to be completed by 2022. The national budget further supports the CO2 Technology Centre Mongstad, the world’s largest test laboratory for CO2 capture technologies. While in the UK, Lord Oxburgh’s Parliamentary Advisory Group recently published a report on the future of domestic CCS policy.
“Appetite for CCS in Europe continues to grow, as exemplified by Norway’s financial commitment to new projects and the recommendations in Lord Oxburgh’s report to the UK government. European governments are recognising how CCS is a cost effective and efficient means of dramatically reducing emissions,” as Brad Page explains.
For more information, visit: https://www.globalccsinstitute.com/
Notes to editors:
What is CCS? Carbon capture and storage (CCS), which is sometimes called carbon capture and sequestration, prevents large amounts of carbon dioxide (CO2) from being released into the atmosphere. The technology involves capturing CO2 produced by large industrial plants, compressing it for transportation and then injecting it deep into a rock formation at a carefully selected and safe site, where it is permanently stored. Because CCS can achieve significant CO2 emission reductions, it is considered a key option within the portfolio of approaches required to reduce greenhouse gas emissions. For more, visit: https://www.globalccsinstitute.com/content/what-ccs
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About the Global CCS Institute The Global CCS Institute is an international membership organisation. Our mission is to accelerate the development, demonstration and deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security.
Working with and on behalf of our Members, we drive the adoption of CCS as quickly and cost effectively as possible by sharing expertise, building capacity and providing advice and support so that this this vital technology can play its part in reducing greenhouse gas emissions.
Our diverse international membership consists of governments, global corporations, small companies, research bodies and nongovernment organisations, committed to CCS as an integral part of a low-carbon future. We are headquartered in Melbourne, Australia with regional offices in Washington DC, Brussels, Beijing and Tokyo. For more information, visit www.globalccsinstitute.com