2020 is off to a good start for CCS

NEWSLETTER | January 2020

The year is off to a good start for carbon capture and storage (CCS). 2020 has the potential to be a promising year as we prepare for COP26 in Glasgow and with important discussions underway in Europe and other regions of the world on industrial decarbonisation and policy.

CLIMATE ACTION CALLS AT DAVOS

BRING CCS TO THE AGENDA

Climate change dominated discussions at Davos. During the launch of the Sustainable Market Initiative, HRH The Prince of Wales highlighted the important role of CCS in the transition to sustainable markets and a net-zero economy. He also announced that he will be convening several industry and issue roundtables this year, including one on CCS. IEA's Executive Director Dr Fatih Birol also raised the pressing need for further clean technologies investment to accelerate the clean energy transition. The Institute also organised an event in the sidelines of the Forum with key industry and climate and energy leaders.

Photo:Copyright by WEF/ Christian Clavadetscher

CCS PICKS UP SPEED GLOBALLY RESULTING IN GROWING INSTITUTE MEMBERSHIP

Over the past six months, the Institute has welcomed 12 new members from the industrial, financial and energy sectors signaling strong renewed momentum for CCS globally. The continued growth of the Institute’s membership reflects the growing interest in CCS in a wide number of industries and sectors.

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MORE ON MEMBERSHIP

INSTITUTE GOES TO

ABU DHABI

In January, the Institute participated in the Abu Dhabi Sustainability Week including the Atlantic Council’s Global Energy Forum. There, the Institute's CEO Brad Page presented the findings of the Global Status of CCS Report during the Clean Energy Ministerial (CEM) CCUS Initiative Meeting. He also had the opportunity to meet with the European Commissioner for Energy Kadri Simson to discuss the role of CCS in the European Green Deal and for the decarbonisation of European industry.

US LEADS NEW WAVE OF CCS DEPLOYMENT

Institute's CEO Brad Page shares his thoughts in an op-ed in the US publication The Hill on the latest CCS developments in the US. The country is home to 10 large-scale facilities capturing more than 25 mtpa of CO2. The US is a global leader on CCS deployment driven by sustained government support.

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ROLE OF US INNOVATION LEADERSHIP IN CLIMATE-TECHNOLOGY COMMERCIALISATION

Institute's Advocacy Senior Advisor Lee Beck explores the position of the US to lead large-scale deployment of CCS technologies to commercialisation. Her latest paper concludes that the country is in a prime position due to the political economic characteristics of its energy economy, resource wealth and innovation-driven manufacturing sector.

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