News

Media statement responding to the launch of the IPCC Fifth Assessment Report

Sunday, 2 November 2014
Melbourne, Australia

2 November 2014: The world’s most authoritative study into the impacts of climate change, produced by over 800 leading scientists for the United Nation’s Intergovernmental Panel on Climate Change (IPCC), makes it clear that carbon emissions from burning fossil fuels such as coal, oil and gas are rising to record levels, not falling. Providing the clearest findings to date that human influence on climate change is “clear and growing”, it offered some respite; there are ways to avoid the likelihood of irreversible impacts for people and ecosystems, with technology playing an important role. It warned work must begin now.

Brad Page, CEO, Global CCS Institute said: “We need go no further than the latest IPCC report to see that CCS is an essential climate mitigation technology. In this report, the IPCC looked at 11 different economic models. It found that 7 of the 11 could not resolve the achievement of 450 parts per million without CCS. It further found that even if it was possible to achieve 450 parts per million, it would cost 138 % more to achieve a 2 Degree Celsius scenario without CCS.

“CCS is a climate change mitigation technology that is operating around the world. To date there are 22 large-scale projects in operation or construction with capacity to capture and store up to 40 million tonnes of CO2 per annum, equivalent to 8 million cars being taken off the road. The world’s first large-scale application of CCS to a power plant is in operation at Boundary Dam in Canada, capturing up to 90% of its carbon emissions and storing them deep underground. CCS is now a reality in the power sector. Importantly, the lessons learned at Boundary Dam will help progress CCS projects internationally as a vital technology to meet our climate change challenge. “

---Ends---

Media enquiries

Caroline Baldwin, +61 408 877 628 caroline.baldwin@globalccsinstitute.com

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 non-government 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