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GLOBAL CCS INSTITUTE




CARBON CAPTURE AND STORAGE
(CCS) IN THE UNFCCC
Barry Jones, General Manager – Policy and Membership Group
COP 17/CMP 7 (DURBAN), 2 December 2011
WWW.GLOBALCCSINSTITUTE.COM
GLOBAL CCS INSTITUTE




PORTFOLIO FOR MITIGATION
    Dramatic cuts in emissions are required to cap global
     average temperature below 2ºC on pre-industrial levels




       Source: IEA World Energy Outlook 2011 Figure 6.9, p221 Generation abatement by technology in the 450 Scenario


    CCS can deliver about a fifth of the required emission
     cuts by 2035 in the portfolio of options available.
                                                                                                                       1
GLOBAL CCS INSTITUTE




WHERE WILL THE CUTS COME FROM?
    Cuts required in all key sectors, but power
     generation has the biggest contribution to make




           Source: IEA World Energy Outlook 2011 Figure 6.8 p 220 Energy related CO2 abatement by sector
           in the 450 Scenario

                                                                                                           2
GLOBAL CCS INSTITUTE




CCS AND CLIMATE POLICY
                        International settings are very
                         important – drive national policy
                         setting
                        Adoption of international
                         (transboundary) regulations
                         slower than national regulatory
                         developments
                        Relative costs of CCS are
                         competitive (LCOE and avoided
                         CO2-e)
                        Carbon pricing arrangements are
                         integral to mitigation scenarios


                                                             3
GLOBAL CCS INSTITUTE




COP 16 /CMP 6 CANCUN, MEXICO
    One hurdle crossed – CCS is eligible as a CDM
     project activity (pending the resolution of a limited
     number of issues)
    But more hurdles defined – establishment of new
     specific rules for CCS projects under the CDM or
     new ‘modalities and procedures for CCS’
    Work throughout 2011 to resolve a range of
     issues including:
         – submission process and synthesis report
         – workshop in Abu Dhabi (September 2011)
         – drafting of modalities and procedures         4
GLOBAL CCS INSTITUTE



ISSUES ADDRESSED IN DRAFT CCS
MODALITIES AND PROCEDURES
    site selection
    monitoring
    the use of modelling
    project boundaries
    trans-boundary issues
    risk and safety assessments
    environmental and socio-economic impact assessments
    permanence and liability (short, medium and long-term),
    restoration/remediation of ecosystems in the event of
     seepage and means of redress for affected communities
                                                               5
GLOBAL CCS INSTITUTE



THE INSTITUTE'S HOPE FOR COP 17 / CMP 7

    Agreement to the legal form of a post-2012
     climate change regime (including emission
     reduction commitments)
    Agreement on the future of the Kyoto Protocol
    The establishment of new institutions to support
     technology transfer, funding and adaptation (in
     particular the Technology Mechanism)
    Real progress on provision of funding
    Advances on monitoring, reporting and
     verification                                       6
GLOBAL CCS INSTITUTE




HOPES FOR COP 17/CMP 7 cont.
    Adoption of the proposed CCS specific
     modalities and procedures for the CDM by
     SBSTA and referral to CMP for agreement

                         Three key effects:

  Remove uncertainty      Enhance ability of      Help establish the
  around capacity of      governments to put in   domestic regulatory
  the UNFCCC to           place appropriate       frameworks needed
  support CCS in          measurement,            to assure
  developing countries    monitoring and          communities that
  through CDM, the        verification regimes    CCS can deliver safe,
  Green Climate Fund                              long-term isolation of
  and via NAMAs                                   fossil-fuel emissions


                                                                       7
GLOBAL CCS INSTITUTE




NEW RESOURCE
                                Outlines considerations for
                                 implementing CCS projects under
                                 the CDM and potentially other
                                 forms of climate finance in the
                                 future including:
                                   guidance on identifying CCS
                                    project types
                                   how the CCS project lifecycle
                                    fits with CDM project
                                    development milestones
                                   methodological guidance for
                                    developing CCS projects
                                    under the CDM within this
                                    framework
  www.globalccsinstitute.com
                                                                    8
GLOBAL CCS INSTITUTE




OPPORTUNITY AT COP 17 / CMP 7



                 To demonstrate that CCS is now on the
                   cusp of being allowed to realise its
                       global mitigation potential




                                                          9
GLOBAL CCS INSTITUTE




                   www.globalccsinstitute.com

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CCS in the UNFCCC - Barry Jones - 2 Dec 2011

  • 1. GLOBAL CCS INSTITUTE CARBON CAPTURE AND STORAGE (CCS) IN THE UNFCCC Barry Jones, General Manager – Policy and Membership Group COP 17/CMP 7 (DURBAN), 2 December 2011 WWW.GLOBALCCSINSTITUTE.COM
  • 2. GLOBAL CCS INSTITUTE PORTFOLIO FOR MITIGATION  Dramatic cuts in emissions are required to cap global average temperature below 2ºC on pre-industrial levels Source: IEA World Energy Outlook 2011 Figure 6.9, p221 Generation abatement by technology in the 450 Scenario  CCS can deliver about a fifth of the required emission cuts by 2035 in the portfolio of options available. 1
  • 3. GLOBAL CCS INSTITUTE WHERE WILL THE CUTS COME FROM?  Cuts required in all key sectors, but power generation has the biggest contribution to make Source: IEA World Energy Outlook 2011 Figure 6.8 p 220 Energy related CO2 abatement by sector in the 450 Scenario 2
  • 4. GLOBAL CCS INSTITUTE CCS AND CLIMATE POLICY  International settings are very important – drive national policy setting  Adoption of international (transboundary) regulations slower than national regulatory developments  Relative costs of CCS are competitive (LCOE and avoided CO2-e)  Carbon pricing arrangements are integral to mitigation scenarios 3
  • 5. GLOBAL CCS INSTITUTE COP 16 /CMP 6 CANCUN, MEXICO  One hurdle crossed – CCS is eligible as a CDM project activity (pending the resolution of a limited number of issues)  But more hurdles defined – establishment of new specific rules for CCS projects under the CDM or new ‘modalities and procedures for CCS’  Work throughout 2011 to resolve a range of issues including: – submission process and synthesis report – workshop in Abu Dhabi (September 2011) – drafting of modalities and procedures 4
  • 6. GLOBAL CCS INSTITUTE ISSUES ADDRESSED IN DRAFT CCS MODALITIES AND PROCEDURES  site selection  monitoring  the use of modelling  project boundaries  trans-boundary issues  risk and safety assessments  environmental and socio-economic impact assessments  permanence and liability (short, medium and long-term),  restoration/remediation of ecosystems in the event of seepage and means of redress for affected communities 5
  • 7. GLOBAL CCS INSTITUTE THE INSTITUTE'S HOPE FOR COP 17 / CMP 7  Agreement to the legal form of a post-2012 climate change regime (including emission reduction commitments)  Agreement on the future of the Kyoto Protocol  The establishment of new institutions to support technology transfer, funding and adaptation (in particular the Technology Mechanism)  Real progress on provision of funding  Advances on monitoring, reporting and verification 6
  • 8. GLOBAL CCS INSTITUTE HOPES FOR COP 17/CMP 7 cont.  Adoption of the proposed CCS specific modalities and procedures for the CDM by SBSTA and referral to CMP for agreement Three key effects: Remove uncertainty Enhance ability of Help establish the around capacity of governments to put in domestic regulatory the UNFCCC to place appropriate frameworks needed support CCS in measurement, to assure developing countries monitoring and communities that through CDM, the verification regimes CCS can deliver safe, Green Climate Fund long-term isolation of and via NAMAs fossil-fuel emissions 7
  • 9. GLOBAL CCS INSTITUTE NEW RESOURCE  Outlines considerations for implementing CCS projects under the CDM and potentially other forms of climate finance in the future including:  guidance on identifying CCS project types  how the CCS project lifecycle fits with CDM project development milestones  methodological guidance for developing CCS projects under the CDM within this framework www.globalccsinstitute.com 8
  • 10. GLOBAL CCS INSTITUTE OPPORTUNITY AT COP 17 / CMP 7 To demonstrate that CCS is now on the cusp of being allowed to realise its global mitigation potential 9
  • 11. GLOBAL CCS INSTITUTE www.globalccsinstitute.com