World CCS authority applauds China ETS launch
The world authority on carbon capture and storage, the Global CCS Institute, says China’s launch of an Emission Trading Scheme (ETS) today continues the country’s recent track record in taking a proactive climate change leadership role across numerous sectors and technologies.
Global CCS Institute CEO, Brad Page, said China has been a very visible leader in deploying CCS as a well-tested and commercial climate change technology and today’s announcement was another demonstration of the acceleration that was needed.
“China already has eight CCS facilities in various stages of deployment and support for the technology continues to build. The introduction of policy instruments like an ETS are important in creating an environment where all technologies can be brought together with equal measure to tackle climate change.”
Global CCS Institute China Country Manager, Dr Xiangshan Ma, says the proactive support for CCS by the Chinese government in ongoing policy design is a catalyst for climate change consensus and action.
“Various provincial governments have identified CCS as a crucial technology to reduce industrial greenhouse gas emissions in their five-year plans, and today’s announcement is further proof that China is using policy to positive effect.”
“The technology has been embraced by both state-owned and private enterprises including Yanchang Petroleum, Sinopec and Huaneng Group, and it has the support of scientists, academics, and individual sector groups such as the massive steel sector. This collective approach is a key enabler to winning the fight against climate change.”
Dr Ma says the Institute partnered with the Chinese government in two major side events in the Chinese Pavilion at this year’s Conference of the Parties (COP23) in Bonn at which 82 Chinese delegates attended.
Earlier this year, China’s Yanchang CCS facility made a final investment decision to move its facility near Xi’an into deployment. It will capture more than 400,000 tonnes of CO2 per annum from two coal to gasification (syngas) coal plants.
Says Mr Page: “China has more than 1500 billion tonnes of underground storage resources at its disposal making the technology a perfect fit for China’s climate change efforts.”
There are currently 17 large scale CCS facilities in deployment around the world with four more poised for start-up in the next 12-18 months.
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About the Global CCS Institute: The Global CCS Institute is an international membership organisation. Our mission is to accelerate the 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