Insights and Commentaries
Status of Carbon Capture 2017 Will Technology and Market Forces Drive a Surge in New CCS Projects?
17th November 2017
Topic(s): Carbon capture, use and storage (CCUS)
On November 28 2017, the Global CCS Institute hosted an event with the CSIS Energy & National Security Program to present its 2017 Global Status of CCS Report.
The past year saw the successful startup of two new, large-scale carbon capture and storage (CCS) facilities, while others in Canada, China, and Australia moved closer to completion. For CCS to play a major role in meeting the Paris Agreement's two-degree warming limit, adoption of CCS must accelerate in the next decade. The 2017 Status of CCS highlights key determining factors for the role of CCS in meeting these climate targets. Innovative technologies, improving markets for CO2 utilization, and reducing industrial emissions with CCS are all positive trends, but government policies at the federal, state, and local levels—along with international cooperation—remain critical for the path forward.
The Institute's event started with a keynote address by Steven Winberg, Assistant Secretary for Fossil Energy at US Department of Energy. Jeff Erikson, General Manager at the Global CCS Institute, then presented the findings of the Global Status of CCS report. This was followed by a panel discussion with Samantha McCulloch (Energy Analyst, International Energy Agency) and Eric Redman (CEO, Thunderbolt Energy). Philippe Benoit, Senior Associate of the Energy and National Security Program at the Center for Strategic and International Studies, moderated the panel discussion.
You can watch the video of the event below: