On 13-16 May, the Global CCS Institute hosted an Americas Members’ Meeting in Pittsburgh, Pennsylvania, in conjunction with the 12th Annual Conference on Carbon Capture Utilisation and Sequestration.
1. Brad Page – CEO
Twelfth Annual CCUS Conference, Pittsburgh, Pennsylvania
14 May 2013
What is being done, what isn’t, and what must be done to meet carbon
reduction goals given current energy needs and economic reality
2. Economic growth – IEA 2°C scenario
2Source: International Energy Agency 2012
3. Economic growth – IEA 2°C scenario
3Source: International Energy Agency 2012
4. Energy growth: drivers outside the OECD countries
Source: International Energy Agency 2012 4
5. Potential emissions by current fossil fuel reserves
Source: International Energy Agency 2012 5
6. Potential emissions by current fossil fuel reserves
Source: International Energy Agency 2012 6
7. CCS and power – the role of the Americas
Source: International Energy Agency 2012
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11. But CCS benefits from CO2-EOR
Enables CCS technology improvement and cost reduction.
Improves business case for demonstration and early
mover projects through CO2 revenue.
Helps gain public and policymaker acceptance.
Builds and sustains a skilled CCS workforce.
Supports CO2 transportation network development where
EOR is an option.
Improves prospects for worldwide deployment.
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12. CO2-EOR challenges
CO2-EOR as CCUS although important as an enabler for
CCS, it is geographically and capacity limited in the
long run. North America is fortunate to have the
opportunity.
CO2 revenue currently alone will not bridge gap for high
capture cost scenarios; more needs to be done to narrow
the gap (technology, policy, market).
Gaps exists between geologic storage permitting and
CO2-EOR regimes (Class 2 vs Class 6 in the US).
Low Natural Gas prices in North America driving shift to
gas from coal, but eventually will need CCS on gas to
meet global emissions reduction targets.
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14. Source:
Gallagher, K.S. and L.D. Anadon, DOE Budget Authority for Energy Research, Development,
and Demonstration Database
Nth American reality / leadership / project successes
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17. Emissions from various fossil fuel-driven industries and
energy consumption are high.
Countries with a particular interest – and participating in
capacity development activities – include:
- Mexico – investigating CCS as part of its energy and climate
change strategies
- Trinidad and Tobago – looking at CCS legal and regulatory
issues
- Brazil – publishing a geological storage atlas.
Importance of Central and South America
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18. What needs to be done
Fuel switching and EOR not enough to meet targets.
Climate change legislation not progressing sufficiently.
Use of existing regulations may not be optimum to
encourage CCS/CCUS.
Need to include CCS in the portfolio of clean technologies
with equitable incentives and treatment - lowering cost of
meeting reduction targets in the long run.
Funding for CCS demonstration projects should be
accelerated and incentives increased from current base.
Encourage CCS capacity building in developing
economies.
Opportunities emerging in Central and South America.
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