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Institute Welcomes Australian Government CCS Funding Announcement
Institute Welcomes Australian Government CCS Funding Announcement

21st April 2021

The Global CCS Institute has welcomed the Australian Federal Government’s announcement today of $539.2 million in funding for new carbon capture and storage (CCS) and hydrogen projects while stressing the need for long-term emissions reduction policy.

“The announcement from the Morrison government further reinforces that CCS is vital to reaching net-zero emissions by the middle of the century”, said Global CCS Institute CEO, Brad Page.

The announcement, which comes ahead of the climate summit hosted by US President Joe Biden, has pledged $275.5 million to accelerate four regional, clean hydrogen hubs and $263.7 million to support the development of CCS projects and hubs.

Mr Page stressed the fact that CCS is a technology already in operation and that it was essential to deep decarbonisation.

“CCS is a proven and successful technology suite, with 26 commercial facilities already in operation - capturing and storing close to 40 million tonnes of CO2 last year alone – with many more projects at various stages of development”, said Mr Page.

“CCS is also the only technology able to decarbonise hard-to-abate industrial sectors including steel, fertilisers and chemicals. Delaying the decarbonisation of these sectors by waiting on some future technology – if, indeed, it emerges – only makes achieving net zero emissions more difficult.

“The announcement of funding for projects is significant and welcomed. For CCS as well as other climate mitigation and clean energy technologies there is also a need for on-going policy confidence. Achieving net-zero emissions by 2050, consistent with the commitments under the Paris Agreement, requires a set of enduring policies to realise the necessary investment and all of the economic and job creation benefits, especially in rural and regional areas, that go with it”.

Mr Page also highlighted the importance of funding for hydrogen hubs, saying coal or natural gas with CCS is currently the lowest cost, technically mature way to produce high volume, near zero carbon hydrogen.

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Matt Steyn (Melbourne): +61 405 018 007 matt.steyn@globalccsinstitute.com

 

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com

Global CCS Institute Announces Opening of Abu Dhabi Office
Global CCS Institute Announces Opening of Abu Dhabi Office

8th April 2021

Masdar City, Abu Dhabi – The Global CCS Institute is pleased to announce the opening of an office in the Masdar City Free Zone in Abu Dhabi.

The announcement comes amidst the rapid expansion of carbon capture and storage (CCS) around the world as the focus on reaching net zero commitments intensifies. The Gulf Cooperation Council (GCC) states, which produce 25% of annual global oil output, have highlighted CCS as integral to their low-carbon plans.

Global CCS Institute CEO, Brad Page, said the Institute was delighted to establish a physical presence in the GCC, noting the region could be central to short- to medium-term growth in global CCS deployment.

“The coming decade may feasibly see CCS take off in the region, as the GCC states look to diversify their economies, further establish leading-edge industry and protect their roles as leading energy exporters. As the world’s foremost CCS think tank, we are enthusiastic about playing a role in accelerating CCS deployment across the GCC as climate action and energy security becomes increasingly critical,” Mr Page said.

Some projections estimate CCS projects in the region could grow fifty-fold, from two to over 100 million tonnes of CO2 captured per annum by 2040. The region has vast, accessible underground storage of up to 30 Gt to support climate plans. Home to vast proven resources and oil and gas expertise, the gulf region will also be able to leverage the significantly lower cost of producing hydrogen with CCS as a key source of future competitive advantage.

Acknowledging the practicalities and challenges COVID restrictions continue to present, Mr Page said he anticipated that the regional office would be able to host events and engage with local CCS projects imminently.

“This exciting development means the Institute will be able to support the development of the CCS community in the region as well as using our expertise to serve the world-class organisations looking to deploy CCS projects”.

The Institute is now actively recruiting for a regional manager and local staff. More information on the Institute’s announcement and regional career opportunities can be found here.

 

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Guloren Turan (London): +44 782 505 7765 guloren.turan@globalccsinstitute.com

Matt Steyn (Melbourne): +61 405 018 007 matt.steyn@globalccsinstitute.com

 

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com

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Global CCS Institute Announces Women in CCUS Network
Global CCS Institute Announces Women in CCUS Network

8th March 2021

8 March 2021, MELBOURNE – On International Women’s Day, the Global Carbon Capture and Storage Institute announces the launch of a ‘Women in CCUS Network’ (#WiCCUS).

The sector initiative officially launched today (8 March 2021) aims to bring together the community of women working within Carbon Capture Utilization and Storage to promote knowledge sharing, gender diversity, stakeholder engagement and support facilitation across the different industry sectors.

Welcoming the launch of the network, Deputy-Chair of the Board of the Institute, and VP of Sustainability and Climate Change at BHP, Fiona Wild said: “The deployment of CCUS as one of the tools available to mitigate CO2 emissions and meet the goal of staying below 1.5 degrees global warming requires a focus on how we can work together to scale-up projects, deployment, skills and awareness to ensure its successful delivery. As CCUS deployment accelerates its pace, Women in CCUS Network will be instrumental in ensuring balanced gender leadership, which is still challenged in the oil and gas sector and heavy industry.”

CEO of the Global CCS Institute, Brad Page, said: “It is now well established that companies with diversity at senior levels perform better and are more sustainable. I see the launch of this network as an important step in encouraging and increasing the number of women in the CCUS industry.”

The network aims to provide opportunities to share expertise, develop skills and conversations on the topic of CCUS as well as present role models and create public engagement opportunities.

More information on the network can be found here.

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Guloren Turan (London): +44 782 505 7765 guloren.turan@globalccsinstitute.com

 

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com

 

 

Global CCS Institute CEO to Step Down
Global CCS Institute CEO to Step Down

27th January 2021

MELBOURNE – The Chairman of the Board of the Global CCS Institute, Mr Philip Bainbridge, today announced that the Chief Executive Officer, Mr Brad Page, has advised the Board that he wishes to step back from full time employment and will be leaving the Institute during the 3rd quarter of 2021, having by that time led the company for a decade.

Mr Bainbridge said “Brad will be leaving the Institute after 10 years of dedication to advancing the deployment of CCS around the world. He has taken the Institute from a well-funded start-up company through some challenging times to now being widely acknowledged as the world’s foremost body on CCS. He will leave the Institute in good shape and with a bright outlook”.

“The Board is grateful for Brad’s long service and achievement. The Board is also appreciative of Brad’s advance notice and desire for a smooth transition to his successor”.

Mr Page said “It has been an honour and privilege to have led the Institute for almost 10 years. I thank Phil and the Board for their unwavering support and encouragement; it has been a real pleasure to work with them and to have had the benefit of their individual and collective wisdom and guidance. I am looking forward to working with the Board over the coming months as it finds the next CEO and to ease the way for my successor to take the helm at this vibrant company”.

Russell Reynolds has been tasked with leading a global search for a new CEO of the Institute.

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Contact: Guloren Turan (London) +44 782 505 7765 guloren.turan@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com

 

 

 

 

 

Dramatic Rise in Institute Membership Reflects Global Momentum for CCS
Dramatic Rise in Institute Membership Reflects Global Momentum for CCS

15th January 2021

The Global CCS Institute has welcomed 34 new members to its ranks in the last 12 months

The Global CCS Institute continues to build its membership around the world, adding 34 new members since January 2020. The new members represent a diversity of businesses, as well as government agencies and research organizations, and span 16 different countries. The total number of Institute members now stands at 87.

“The world has come to understand that climate change is an urgent crisis, and that carbon capture and storage (CCS) is an essential element of the climate change solution. The growth in our membership reflects that,” says Jeff Erikson, General Manager for Client Engagement at the Institute. “The diversity of our membership demonstrates that the CCS ecosystem continues to mature and grow. While our membership once consisted primarily of large emitters, our recent additions includes companies that are thinking of CCS as a revenue source, and are working out how it fits into their own business growth strategy,” Erikson added. A recent analysis by the International Energy Agency estimates that CCS deployment to achieve the Paris Agreement goals will require investment of around USD 9.7 trillion.

Members that have joined the Institute in the last 12 months include:

·        Aera Energy

·        Air Liquide

·        Air Products

·        Aker Carbon Capture

·        Baker Hughes

·        Bridgeport Energy Limited

·        Carbfix

·        Carbon Capture

·        Cemvita

·        CNPC Research Institute of Safety and Environmental Technology (RISE)

·        Equinor

·        The Government of Alberta, Canada

·        General Electric

·        Gunvor Group

·        Heidelberg Cement AG

·        HSBC

·        Independent Project Analysis

·        INPEX Corporation

·        Japan Oil, Gas and Metals National Corporation (JOGMEC)

·        JX Nippon Oil & Gas Exploration

·        Kiewit

·        LET Australia

 

 

·        Mineral Carbonation International

·        Motor Oil Hellas

·        Petrofac

·        Ramboll

·        Repsol SA

·        SICK AG

·        Southern Green Gas Limited

·        Suez

·        Tata Sons Private Limited

·        Technip FMC

·        Tecnicas Reunidas

·        Veolia

 

The Global CCS Institute is an international thinktank whose mission is to accelerate deployment of CCS globally. Headquartered in Melbourne, Australia, it has offices in Tokyo, Beijing, Brussels, London, Washington and Houston.  Its team of CCS experts build support, knowledge and connections, all to create a better investment environment for CCS.

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Media Contact: Ruth Gebremedhin: +44 79502 78261 ruth.gebremedhin@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For additional information, visit www.globalccsinstitute.com.

Carbon Capture and Storage Technology on the Rise for Third Year in Row, Climate Report Finds
Carbon Capture and Storage Technology on the Rise for Third Year in Row, Climate Report Finds

1st December 2020

CCS Capacity Sees 33% Increase in 2020, According to International Think Tank

In findings released by international think tank the Global CCS Institute, the total capacity of carbon capture and storage (CCS) facilities operating and under development has grown by 33% world-wide over the last year alone. The 2020 Global Status on CCS report also finds that there are a total of 65 commercial CCS facilities in various stages of development globally.

“Climate ambition, including efforts to decarbonise industry, has not been curtailed despite the adversities faced in 2020”, said CEO of the Global CCS Institute, Brad Page. “We’re continuing to see an upward trajectory in the amount of CO2 capture and storage infrastructure that is being developed. One of the largest factors driving this growth is recognition that achieving net-zero emissions is urgent yet unattainable without CO2 reductions from energy intensive sectors”, added Page.

Commitments to reach net-zero emissions saw significant support over the last year from governments and businesses alike, particularly in Europe and in Asia Pacific, spearheading CCS investment. The Global CCS Status Report shows:

  • The CCS facility pipeline continued to grow three years in a row, with global capture and storage capacity nearly doubling within three years and increasing by 33% since 2019.
  • Almost 40 million tonnes of carbon dioxide are being captured annually from 26 commercial CCS facilities currently in operation.
  • The United States, which is already home to the highest number of operational CCS facilities, continues its lead in the global CCS league and hosts 12 of the 17 new commercial facilities added to the project pipeline in 2020. The US has some of the most advanced supportive policies for CCS of any country in the world, including the enhanced 45Q tax credit and the California Low-Carbon Fuel Standard.
  • 2020 saw increased ambition and support for CCS in Europe as well. The Norwegian Government announced its green light for the Langskip project. Funding for CCS infrastructure was earmarked in the UK’s Spring Budget, with the goal of developing several hub and clusters during the decade. Elsewhere in Europe, the first call of EU’s €10 billion Innovation Fund, expected be a major source of funding for CCS projects, was launched in July, whilst the Porthos Project in Netherlands is scheduled to take a final investment decision in 2021.
  • In Asia Pacific, regional collaboration between countries and businesses continued to gather pace in 2020 in order to advance technical understanding and develop regulatory frameworks, with notably Australia and Japan making progress in terms of domestic policies and CCS investments.
  • In a move that will reduce both cost and risks to government and industry, CCS hubs and clusters – the shared use of CO2 transport and storage infrastructure among companies – is predicted to support a boom in the adoption of CCS in the coming years. CCS investments in the United Kingdom are largely geared towards hubs and cluster development, and nearly all new facilities in the United States will have access to shared storage sites

“Even as the year comes to a close, commitments to reach net zero climate targets and scale up climate mitigating technologies continues to build momentum”, says Guloren Turan, General Manager at the Institute and one of the authors of the 2020 Global CCS Status Report. “Last month we saw the UK government earmark £1 billion with the goal of developing four hub and clusters by the end of the decade. In Asia Pacific, we saw national governments in China, Japan and South Korea commit to net-zero climate targets. Industrial decarbonisation is central to reaching carbon neutral goals and CCS has been, and will continue to be, a key component in making that happen”, Turan added.

While the acceleration of CCS adoption is promising, deployment of the technology is not happening quick enough to reach 2050 climate goals. CCS facilities will need to increase by more than a hundredfold by mid-century, as but one part of how the world will reach carbon neutrality. The report echoes findings by the IPCC, which shows that CCS is vital to meet net-zero Paris climate targets.

The Global Status of CCS Report is released annually by the Global CCS Institute, an international think tank working to accelerate the deployment of CCS, a vital technology to tackle climate change. The full 2020 report can be found here.

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Lucy Temple-Smith (Asia Pacific): +61 466 982 068 lucy.temple-smith@globalccsinstitute.com

Ruth Gebremedhin (EU, UK and North America): +44 7950 278 261 ruth.gebremedhin@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com

UK Government Set to Fund Four CCS Hubs and Clusters
UK Government Set to Fund Four CCS Hubs and Clusters

18th November 2020 - London, United Kingdom

18 November 2020, London UK – The Global CCS Institute welcomes the UK government’s latest funding announcement of £1 billion to support the development of four carbon capture and storage hub and cluster projects across the UK by the end of the decade.

The investment – which earmarks an additional £200 million on top of the existing £800 million in government funding announced in the Spring Budget to support CCS development – is part of a 10-point plan to reach net-zero climate targets by 2050. The funding will help support 50,000 jobs, potentially in areas such as the Humber, Teesside, Merseyside, Grangemouth and Port Talbot.

“The United Kingdom has shown that it’s serious about tackling industrial emissions”, said CEO of the Global CCS Institute Brad Page. “This latest move to develop CCS hubs and clusters across the UK is a significant step forward in mitigating emissions from the UK’s most energy intensive industrial sectors. Not only will these hubs significantly reduce emissions, it will be done through the shared use of CCS infrastructure and transport, helping to reduce the cost and risk to both industry and government”, added Page.

In 2019, the UK moved forward with commitments to place its 2050 net-zero emissions target into law. The government’s new 10-point plan is aimed to align with its current net-zero legislation as per the amended Climate Change Act

“The announcement shows leadership in the UK around CCS, an absolutely key climate technology”, said international adviser to the Global CCS Institute and renowned economist at the London School of Economics, Lord Nicholas Stern. “It’s very important for our own net-zero emissions target and it’s also important beyond the UK in terms of development of the technologies, which we are really going to need”, added Stern.

Along with significant investment towards carbon capture and storage, the UK’s new climate action efforts will also further support offshore wind, nuclear power and hydrogen.

More information on the UK government’s 10-point plan can be found here.

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Media contact:  Ruth Gebremedhin (London): +44 79502 78261, ruth.gebremedhin@globalccsinstitute.com

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose 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. For more information, visit globalccsinstitute.com

 

Japan Forum to highlight vital role of carbon capture, utilisation and storage technology in Asia
Japan Forum to highlight vital role of carbon capture, utilisation and storage technology in Asia

5th October 2020 - Japan, Tokyo

Tokyo, Japan – Experts from across the globe will take part in a virtual Forum on October 6 that will highlight the critical need for carbon capture utilisation and storage (CCS/CCUS) technologies, demonstrate their versatility, discuss progress and the outlook for future CCS/CCUS deployment in Japan, and across Asia.

Co-hosted by the Global CCS Institute, an international think tank whose mission it is to accelerate the deployment of CCS globally, and Japan CCS Co. Ltd., the Japan-Asia CCUS Forum 2020 will focus attention on CCS/CCUS as essential for Japan, and the region’s, clean energy transition.

Speaking from Melbourne, Mr Brad Page, CEO of the Global CCS Institute, said:

“Delivering on ambitious global climate change targets requires urgent action to prevent carbon dioxide from entering the atmosphere and achieve negative emissions. CCS/CCUS technologies are vital to reduce emissions to net-zero by mid-century and achieve global climate targets”.

“Multiple independent and credible bodies have concluded that to achieve global climate change targets in the time frame required, CCS/CCUS is essential, and is the only likely solution for hard to decarbonise industries such as steel, cement and fertiliser manufacturing”.

“The versatility of CCS to deliver deep emissions reductions across the power, industrial and transportation sectors, as well as presenting an enormous opportunity for the creation of a new low emissions economy, is a great strength of the technology”.

“In addition, and of particular interest in Japan, is that CCS/CCUS enables the production of low-emissions hydrogen. This presents an enormous opportunity to support the development of a new energy economy that creates jobs and sustains communities”, said Mr Page.

Delegates of the Forum will hear of the outcomes and learnings from key CCS/CCUS research and development initiatives such as the Tomakomai CCS Demonstration Project; successfully conducted by our Forum co-host Japan CCS Co. Ltd. under the direction of the Ministry of Economy, Trade and Industry, Japan (METI) and the New Energy and Industrial Development Organization (NEDO) and significant R&D project led by Research Institute of Innovative Technology for the Earth (RITE).

The outlook for future deployment of CCS/CCUS in Japan and Asia will also be a focus, as well as capacity building for the technology across the region. A range of international speakers will share their insights on CCS/CCUS with a view towards knowledge sharing and international cooperation.

The Forum will be supported Japan’s Ministry of Economy, Trade and Industry (METI) and the Research Institute of Innovative Technology for the Earth (RITE).

More information on the Forum, including an Agenda and Registration Link, can be found here.

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 Contact:  Lucy Temple-Smith (Melbourne): +61 466 982 068 lucy.temple-smith@globalccsinstitute.com

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose 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. For more information, visit globalccsinstitute.com

About our Forum co-host, Japan CCS Co., Ltd.:

Commissioned by the Japanese government to demonstrate a full-chain CCS system in Tomakomai City, Hokkaido, Japan CCS Co., Ltd. (JCCS) was founded in May 2008 when a group of major companies with expertise in CCS-related fields, including electric power, petroleum, oil & gas exploration and development, and plant engineering, joined forces to answer the Japanese government’s call for development of CCS technology as a countermeasure against global warming. JCCS is a unique company in the world to be founded and dedicated explicitly to developing integrated CCS technology. For more info: japanccs.com/en/

China Pledges to Reach Carbon Neutrality by 2060
China Pledges to Reach Carbon Neutrality by 2060

25th September 2020

BEIJING – The Global CCS Institute welcomes China’s latest climate commitment, pledging to become carbon neutral by 2060.

The announcement was made by China's President Xi Jinping during an address to the United Nations General Assembly, where the Paris Agreement was noted as a key document for jurisdictions to honour if a succesful transition to a low carbon economy is to be made.

While China has yet to release details around the 2060 pledge, President Xi Jinping says enhanced policy measures will be part of the equation.

In a newly released report co-authored by the Global CCS Institute, findings show that rapid deployment of both policy and climate technology will need to occur withing the next ten years to reach mid-century global climate targets and get to climate neutrality. With governments and industry adopting carbon neutral commitments now more than ever, the Institute looks forward to seeing significant progress in the just transition to a low carbon future.

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For media inquiries, please contact:

Ruth Gebremedhin: +44 7950 278 261 ruth.gebremedhin@globalccsinstitute.com

Lucy Temple-Smith: +61 466 982 068 lucy.temple-smith@globalccsinstitute.com

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com. Follow us on Twitter GlobalCCS.

 

Center on Global Energy Policy, Global CCS Institute Release Key Net Zero Report as part of NYC Climate Week
Center on Global Energy Policy, Global CCS Institute Release Key Net Zero Report as part of NYC Climate Week

22nd September 2020

New York 22 September 2020

Report recommends deployment of carbon removal technologies, climate policies needed to curb climate catastrophe

New research from the Center on Global Energy Policy at Columbia University SIPA and the Global CCS Institute released during Climate Week NYC 2020 finds that – beyond reducing the amount of carbon dioxide released to generate power and produce industrial products like cement, steel, chemicals and hydrogen – greater investment in technology that removes existing carbon dioxide from the air and oceans is critical to reducing global warming. The study, Net-Zero and Geospheric Return: Actions Today for 2030 and Beyond, recommends climate finance policies and technologies will need to grow rapidly within the next 10 years to avoid the worst impacts of climate change and decarbonize the global economy.

Julio Friedmann, lead author of the report and Senior Research Scholar at the Center on Global Energy Policy, said: "Climate math is merciless - if we're going to avoid the worst impacts of climate change, we have to rapidly reduce the greenhouse gas emissions created by human activity and industry. This report explains in practical terms what we can do now to rapidly reduce today's carbon pollution, remove past emissions from the air and oceans, and states again a key fact: returning carbon dioxide emissions to earth's crust is a pathway that saves time, saves money, and speeds up our progress towards that goal."

The report finds that the deployment of innovative carbon removal technology and strong climate policy will require a global effort over the next 10 years to be a true success, and recommends immediate actions needed to achieve net-zero global emissions at lowest cost and greatest speed, including:

  • Investments in transportation and infrastructure: Estimates suggest that the 8,000 kilometers (5,000 mi) of existing carbon dioxide pipelines in North America must be expanded by an additional 35,000 kilometers (21,000 mi) to maximize emissions reduction. Similarly, industrial hubs and clusters, now under development in Europe, China, and the Middle East, can accelerate the deployment of carbon capture and storage at reduced cost. More storage sites and shipping options must be assessed and approved.
  • Investments in carbon capture and storage projects: Currently, there are 19 large-scale industrial and two large-scale power facilities that capture and store carbon emissions at their source, with combined capacity of about 40 million tonnes of carbon dioxide per year. There are an additional 20 similar projects under development. The International Energy Agency (IEA), IPCC, and many other groups estimate these types of carbon capture and storage projects must increase by a factor of 35 from today to mitigate the needed 1.5 Gigatonnes per year by 2030, and stay on a course to keep global warming to a 1.5 o C increase by 2030.
  • Market-Alignment Through Policy: Clear climate policies which reduce the financial and regulatory risk of carbon dioxide capture and storage projects and increase storage options need to be developed and implemented to attract private capital, encourage research, development and deployment projects, and bring new technology to market more quickly.

The climate action efforts we’re seeing globally, while encouraging, are not enough,” said Brad Page, CEO of the Global CCS Institute. “The findings in this report illustrate that both government and industry will need to work diligently within the next ten years to significantly reduce emissions. The sooner we include carbon, capture and storage (CCS) technologies into the fold of wide-spread decarbonization initiatives, the more likely we’ll be able achieve Paris Agreement climate targets and get to net zero emissions. Critically, this report reveals that without the accelerated deployment of CCS, global climate targets will be extremely difficult, if not impossible, to reach. The deep decarbonization of heavy industry requires a technology that’s proven, effective and versatile. CCS is tailored for the job,” Page added.

Today, September 22, 2020, the Center on Global Energy Policy and the Global CCS Institute will host the global launch of Net-Zero and Geospheric Return: Actions Today for 2030 and Beyond at Climate Week NYC 2020. The virtual event will feature a discussion facilitated by Global CCS Institute CEO Brad Page with economist and climate advocate Sir Nicholas Stern and Jason Bordoff, former senior director on the staff of the U.S. National Security Council and special assistant to President Barack Obama, and Founding Director of the Center on Global Energy Policy. United States Senator Lisa Murkowski will follow with brief remarks.

Bordoff said:

"We are all currently witnessing the disastrous effects of climate change -- from wildfires raging in Australia and across the West of the United States to more devastating hurricanes each year. We need rapid and profound decarbonization to reach net-zero emissions by 2050, and the investments and policies made over the next decade will lay the foundation for achieving our climate goals. As carbon dioxide emissions continue to rise each year, we need all available technologies to manage and reduce emissions by 50% by 2030, and to ultimately reach net-zero by 2050."

Lord Stern said: This report is a timely reminder that we need to alter the alarming path we’re on and move swiftly to tackle climate change. The findings show that we have, at the ready, strong techniques developed, both in the form of policy and technology, which can be implemented quickly if we commit and make a major and vital contribution to achieving net zero. It is time to go to scale. By applying what we know, and learning along the way, we can build the path to the zero-carbon economy that is crucial for the prosperity of this and future generations.

To register for the live report release and webcast, sign up here.

The report will be made available in its entirety online at www.energypolicy.columbia.edu and https://www.globalccsinstitute.com.

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For media inquiries, please contact:

Global CCS Institute:

Ruth Gebremedhin (US, UK and EU): +44 7950 278 261 ruth.gebremedhin@globalccsinstitute.com

Lucy Temple-Smith (Asia Pacific): +61 466 982 068 lucy.temple-smith@globalccsinstitute.com

Center on Global Energy Policy:

Artealia Gilliard: ag4144@columbia.edu

Genna Morton: gam2164@columbia.edu

About the Global CCS Institute:  The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and provide energy security. For more information, visit www.globalccsinstitute.com. Follow us on Twitter GlobalCCS.

About the Center on Global Energy Policy: The Center on Global Energy Policy at Columbia University SIPA advances smart, actionable and evidence-based energy and climate solutions through research, education and dialogue. Based at one of the world’s top research universities, what sets CGEP apart is our ability to communicate academic research, scholarship and insights in formats and on timescales that are useful to decision makers. We bridge the gap between academic research and policy -- complementing and strengthening the world-class research already underway at Columbia University, while providing support, expertise, and policy recommendations to foster stronger, evidence-based policy. Recently, Columbia University President Lee Bollinger announced the creation of a new Climate School -- the first in the nation -- to tackle the most urgent environmental and public health challenges facing humanity. Follow us on Twitter @ColumbiaUEnergy.

 

Technology Investment Roadmap demonstrates vital role of CCS
Technology Investment Roadmap demonstrates vital role of CCS

22nd September 2020 - Australia, Melbourne

Melbourne 22 September 2020 – The inclusion of CCS as one of five priority technologies in the Australian Government’s Technology Investment Roadmap released today underscores CCS’s role as a vital low-emissions technology that can deliver multi-million tonne abatement at competitive costs.

In welcoming the Roadmap, CEO of the Global CCS Institute, Mr Brad Page said CCS is a proven class of technologies and a vital part of Australia’s low-emissions future.

“CCS has been in commercial operation around the world for decades, in a wide variety of industries. Its applications are exceptionally broad and especially suited to the so-called hard-to-abate sectors like steel manufacturing, cement and fertiliser production. It is backed by both the IPCC and the IEA as a vital technology for reducing emissions to net-zero by mid-century and achieving global climate change targets, including for its role in carbon dioxide removal”.

“Globally, investment in CCS facilities is accelerating quickly as governments and industry alike recognise the necessity to deploy the technology along with all other options to address climate change and achieve net zero emissions by mid-century. Indeed, Norway announced yesterday that it will be proceeding with a globally significant integrated CCS project capturing emissions from a cement plant and storing them in a new offshore geological storage facility. Australia is far from being alone in pursuing CCS”, said Mr Page.

“Australia is home to a number of industries where CCS is the key to decarbonisation. In several cases, these industries involve processes that deliver near-pure CO2 gas streams, ready for storage at low cost. The $20/tonne target for transportation and storage of CO2 announced today is realistic and achievable with the appropriate policy settings in place”.

“Australia is blessed with abundant, world-class geological resources required to safely and permanently store CO2. These resources are often in close proximity to large industrial CO2 sources with a very low cost of capture”.

Mr Page said this drives down CO2 transport costs and, when coupled with Australia’s CCS expertise and experience, provides the country with a global comparative advantage in CCS deployment.

“If anything, this happy coincidence of assets and capabilities could indicate a larger role for CCS in Australia than the global average, and the opportunity for our nation to become a global leader in the deployment of CCS as an emissions reduction technology”.

The production of low-cost, near-zero emissions hydrogen with CCS is one clear example of this opportunity for Australia, said Page.

“Hydrogen production from fossil fuels with CCS is the lowest cost source of clean hydrogen and is operating at full commercial scale today. Currently, approximately 98% of hydrogen production world-wide is from the reformation of methane or the gasification of coal or similar materials of fossil-fuel origin. Already, seven hydrogen production facilities in the world are fitted with CCS technology and operating successfully and commercially”.

“It is proven beyond doubt that the lowest cost production of clean hydrogen is from coal gasification or steam methane reformation with CCS. It is one third to one half the cost of renewable powered electrolysis and is expected to remain so well beyond 2030”.

“CCS offers enormous potential to deliver substantial emission reductions using technologies that are available right now at low cost, whilst also helping the economy, a factor that has never been more important than today”, said Mr Page.

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Lucy Temple-Smith (Melbourne): +61 466 982 068  lucy.temple-smith@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change. Working with and on behalf of our Members, we drive the adoption of CCS as quickly and cost effectively as possible; sharing expertise, building capacity and providing advice and support so CCS can play its part in reducing greenhouse gas emissions.

Expanded funding mandates a positive step forward for CCS in Australia
Expanded funding mandates a positive step forward for CCS in Australia

17th September 2020 - Australia, Melbourne

Melbourne, 17 September – The expansion of the mandates of two government bodies to include carbon capture and storage (CCS) was today welcomed by the Global CCS Institute as a positive step forward for the acceleration of CCS deployment in Australia.

“Today’s announcement from government to expand the remits of the Clean Energy Finance Corporation and the Australian Renewable Energy Agency’s beyond renewables is a welcome development”, said Brad Page, CEO of the international CCS think-tank.

“Alongside a funding commitment of $1.9 billion, this announcement demonstrates a strong commitment from government to the development and deployment of the next generation of low-emission technologies in Australia, including CCS”.

“CCS is a vital emissions abatement technology that is commercially available today and able to strengthen our economy and support jobs”.

“CCS technologies are critical to reducing emissions across hard to abate heavy industry, such as steel and cement manufacturing, that have very few other options to decarbonise”, said Mr Page.

Mr Page added that increased investment in CCS will lead to vast opportunities for the technology to drive the creation of new energy industries in Australia, leading to ongoing economic growth and development, in particular for regional areas.

“Investment in CCS today, ultimately increasing deployment of the technology in the near to medium term, creates opportunities for Australia to not only transition to significantly lower emissions, but unlock new clean energy industries, stimulate substantial economic activity and create jobs for our regions”, said Mr Page.

“CCS enables the production of very low-cost, near-zero emissions hydrogen, providing Australia with an incredible opportunity to invest now to be a future global leader in the production of clean hydrogen, as well as stimulating other clean energy industries such as low-emissions chemicals and fertiliser production.

Mr Page also welcomed the announcement of $50m for the establishment of CCS hubs, noting it brings Australia in line with international practice of maximising the opportunity of industrial CCS hub and clusters.

“CCS hubs and clusters are characterised by multiple industrial sources of CO2 accessing common CO2 transport and injection infrastructure. They significantly reduce the unit cost of CO2 transport and storage through economies of scale, and offer commercial and technical synergies that reduce the risk of investment and further reduce cost.

Industrial CCS hubs and clusters are emerging globally as the next wave of CCS investment and Australia is very well placed to exploit its world class storage opportunities with this initiative, Page said.

CCS is a proven versatile technology that reduces emissions from industry, power generation and hydrogen production and enables negative emissions through bioenergy with CCS and direct air capture.

Globally, there are now 20 large-scale CCS facilities capturing over 40 million tonnes of carbon dioxide every year. Australia is the home to the world’s largest geological storage facility – the Gorgon CCS facility in Western Australia.

 Contact: Lucy Temple-Smith (Melbourne): +61 466 982 068  lucy.temple-smith@globalccsinstitute.com

About the Global CCS Institute: The Global CCS Institute is an international think tank whose mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change. Working with and on behalf of our Members, we drive the adoption of CCS as quickly and cost effectively as possible; sharing expertise, building capacity and providing advice and support so CCS can play its part in reducing greenhouse gas emissions.

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