Carbon Capture & Storage. Global CCS Institute

Transcription

1 Carbon Capture Global CCS Institute

2 Carbon Capture Carbon Capture and Storage and the Climate Challenge Global temperatures are increasing and science has confirmed that we must limit the rise to under 2 C in order to avoid the most serious consequences for people, the environment and economies worldwide. The ongoing demand for fossil fuels is likely to mean that we will overshoot the trillion tonne marker (the amount of carbon emissions released into the atmosphere that would limit the temperature rise to under 2 C) before the middle of this century. Lowering emissions over time will require the major deployment of alternative energy sources, but even this won t be enough to reduce them by as much as we need. Carbon Capture and Storage (CCS) is one of the key technologies that can help to deliver net zero emissions during this century. The earlier that large scale deployment of CCS starts, the lower the eventual concentration of carbon dioxide in the atmosphere will be. Carbon Capture and Storage the 2 o C solution Deploying CCS, with an early focus on large-scale demonstration of the technology in high-carbon economies, can be game-changing in the context of managing and eventually limiting cumulative global emissions. The IEA CCS Roadmap describes a clear and ambitious path to deploying this mitigation lever. More recently, the IPCC 5th Assessment Report describes the much higher cost of reaching a net zero emissions society without CCS by the end of the century. The report also makes it clear that CCS is a necessity if the world overshoots the trillion tonne threshold and requires a drawdown on the cumulative stock. The IPPC suggests a combination of bio-energy and CCS to achieve this (BECCS). CCS is a technology that has been developed solely to reduce emissions. Successful deployment will require both push and pull policies within a mature regulatory and permit framework, requiring coordinated action from both the public and private sectors. The LCTPi on CCS will design joint implementation plans for a set of solutions to accelerate the deployment of CCS. 9

3 Carbon Capture Work Program and Timeline How to Get Involved Rasmus Valanko Manager, Climate & Energy * valanko@wbcsd.org 10

4 COP21 and the LCTPi About COP21 and the LCTPi In December 2015, a global climate agreement will be brokered at COP21, the Paris Climate Change Conference. This is a key moment for all stakeholders to contribute to decisive climate action. Launched in Lima in partnership with SDSN and IEA, LCTPi is supported by the French Presidency of COP21 and is part of the Lima-Paris Action Agenda. It aims to present action plans at COP21 that will accelerate low-carbon technology and scale up the deployment of business solutions consistent with the 2 C objective. LCTPi is a collaborative platform, gathering together project teams and stakeholders to discuss and agree the concrete actions that are needed. It focuses on solutions that are beyond business as usual. It is a unique opportunity to showcase how your business can and is tackling climate change. To ensure the development and implementation of business solutions that address climate change, we must: Remove the barriers that are preventing existing solutions from being deployed Develop new solutions to complement existing ones 11

5 COP21 and the LCTPi LCTPi has several focus areas, and for each area the deliverables include: Business oriented solution roadmaps including critical milestones Analysis of barriers and identification of solutions, financial requirements, policies and PPP (public-private partnerships) opportunities that facilitate scale up Strengthened business and government dialogue to create enabling frameworks for investment A work program beyond Paris to ensure enduring implementation at scale Underway Renewables Carbon Capture Energy Efficiency in Buildings Materials: Cement Sustainability Initiative Advanced Biofuels Climate Smart Agriculture Forests & Forest Products as Carbon Sinks Low Carbon Freight Transport Scoping Smart Grids Low Carbon Passenger Mobility Materials: Chemicals Digitization 12

6 P Led by Partners