Brussels, Belgium: The World authority on carbon capture and storage (CCS), the Global CCS Institute, has welcomed the European Parliament’s voting into law, measures to reduce CO2 emissions across Europe, including the establishment of a multi-billion-euro fund supporting CCS innovation and other low-carbon projects.
Global CCS Institute CEO, Brad Page, says the measures herald a great leap forward for climate action and carbon capture and storage (CCS) deployment.
“The new law begins delivery of EU pledges under the Paris Agreement and encourages low-carbon investment which is critical to Paris climate change targets being reached.”
“Climate change needs to recognise all clean technologies if targets are to be met and the establishment of the Innovation Fund will provide financial support for renewable energy, carbon capture and storage and other low-carbon innovation projects.”
More information can be found on the European Parliament website.
New UK climate change appointment to accelerate carbon capture deployment
30th January 2018 - London
The Global CCS Institute is delighted to announce the appointment of its CEO, Brad Page, to the newly formed UK CCUS Council and congratulates the UK Government on its recognition of the need to support Carbon Capture Utilisation and Storage (CCUS) to meet Paris Climate Change targets.
The Council, which met for the first time in London yesterday (Monday, 29 January), is a clear demonstration of the UK Government’s commitment to a new CCUS approach as outlined in the recently released Clean Growth Strategy (the Strategy).
Led by Minister of State for Energy and Clean Growth, the Rt Hon Claire Perry MP, the Council will work with a select group of industry representatives to review the progress and priorities of the Strategy in relation to CCUS. Through the CCUS Council, the UK Government will also monitor costs and deployment potential with the option of revising the CCUS deployment path to meet changing political and policy approaches.
Mr Page said he was honoured to be invited to join the Council, and he believed the Institute, as the world authority on carbon capture and storage (CCS), was well placed to use its large member influence and internal expertise to make this clean technology a central driver in reducing global CO2 emissions.
“I congratulate Minister Perry and the UK Government for their ambitious support for CCUS. It is a proven, versatile, and commercially robust climate mitigation technology which is starting to gain notoriety as the only technology capable of decarbonizing industry. At the same time, it is a catalyst for a new energy economy including hydrogen, bio-energy and CO2 re-use applications.”
“CCUS represents a new energy direction which can deliver jobs, energy security and new economies the likes of which have never been seen before. Commitment, investment and multi-party collaboration are crucial to creating this fundamental step-change.”
“I look forward to working with Minister Perry, other UK Government representatives and industry leaders on the key strategic issues that will bring CCUS to the forefront of the climate change debate.”
The Clean Growth Strategy sets out a plan for how the UK can meet legally binding targets to reduce carbon emissions by 57 per cent from 1990 levels by 2032. It identifies CCUS as a vital area of strategic importance, highlighting its potential to support decarbonisation and maximise opportunities across the whole UK economy.
Carbon capture and storage (CCS) and CCUS is now commercially successful across 17 large-scale global facilities with a raft of other facilities in development.
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About the Global CCS Institute: 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 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