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The Value of CCS: For Climate, Economy and Society (Factsheet and Video)
7th August 2020
The Value of Carbon Capture and Storage (CCS) thought leadership report evaluates the benefits of large-scale investment and deployment of CCS projects, both through an economic and climate change mitigation lens.
This newly released factsheet highlights the key components of the report including:
- The deep decarbonisation of hard-to-abate industrial sectors through the use of CCS technologies
- Widespread job creation tied to CCS deployment
- The delivery of innovation led economic growth
Download the factsheet below and have a quick look at our video for more highlights on the value of CCS.
To read the full Value of CCS thought leadership report, click here.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
講演資料：公開ウェビナー「なぜ世界はCCSが必要なのか？ – 世界のCCSの動向とその課題」
6th August 2020
グローバルCCSインスティテュート日本事務所主催「なぜ世界はCCSが必要なのか？ - 世界のCCSの動向とその課題」へ、多くのご参加を賜り有難うございましtあ。本会合の録画および、講演資料はこちらをご覧ください→ リンク
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
Global Storage Resource Assessment 2020
2nd July 2020
Organisation(s): Global CCS Institute, Pale Blue Dot
Topic(s): CO2 storage
The CO2 Storage Resource Catalogue is a pioneering initiative to accelerate the deployment of carbon capture, utilization and storage (CCS) by supporting the consistent evaluation of storage resources.
This report, authored by Pale Blue Dot Energy, details the findings of the first assessment for CO2 Storage Resource Catalogue.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
Overview of Organisations and Policies Supporting the Deployment of Large-Scale CCS Facilities
30th June 2020
Organisation(s): Global CCS Institute
Topic(s): CCS policy
While there are currently relatively few CCS facilities in operation and in development, there are significant differences in the enabling environments for CCS deployment. This report explores the potential role of Delivery Bodies to help enable the deployment of CCS. It also provides an overview of the organisations involved in the deployment of large-scale CCS facilities, and the policy and regulatory frameworks that have supported this deployment.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
Is CCS expensive?
30th May 2020
Carbon capture and storage (CCS) is needed as part of the toolkit of technologies to achieve net-zero emissions by mid-century. Yet, texts and commentary about CCS often include qualifiers that are related to the expenditures necessary to deploy it; ‘costly’, ‘exorbitantly expensive’, ‘unaffordable’, ‘uneconomical’. As such, the argument most often brought forward against deployment of CCS is that it is an expensive way of reducing emissions.
This brief written by our Senior Advisors for Advocacy and Communications Lucy Temple-Smith and Lee Beck demonstrates that:
- To reach net-zero emissions by mid-century and achieve global climate change targets all decarbonisation options are needed.
- Carbon capture and storage (CCS) plays an important role reducing emissions to net-zero and limiting the overall system cost of decarbonisation.
- With versatile applications, CCS cost differs across its variety of industrial and power-related applications – there is no singular cost of CCS.
- Considering the urgency of the climate crisis, cost should not be a deterrent to investing in CCS nor dictate sequencing of the deployment of decarbonisation options. Instead, deployment will lead to cost reductions.
- A value on carbon is needed to support the business case for large-scale CCS deployment and overcome the technology ‘valley of death’.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
CCS Development in Southeast Asia
25th May 2020
In recent decades, Southeast Asia has been one of fastest growing regions of the world. Its energy demand has grown more than 80 per cent from 2000. Oil, coal and gas provides more than 70 per cent of its energy. With the region’s power generation fuel mix and rapidly growing natural gas production, alongside established and emerging emissions reduction committments, CCS has a unique and critical role to play.
In this paper, Institute’s Senior Client Engagement Lead Dr Tony Zhang, discusses why Southeast Asia needs CCS, the specific drivers behind the opportunities for accelerated deployment and the critical role of CCS hub and cluster networks in reducing the region’s emissions.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
2020 THOUGHT LEADERSHIP : The Value of Carbon Capture and Storage (CCS)
13th May 2020
The new flagship Global CCS Institute thought leadership report analyzes the major benefits of the large-scale investment and deployment of CCS and discusses the existing evidence related to the value of CCS under two overarching themes.
CCS as an essential technology to economically meet long-term climate targets and for risk mitigation through:
- Achieving deep decarbonisation in hard-to-abate industry;
- Enabling the production of clean hydrogen at scale;
- Providing low-carbon dispatchable power;
- Delivering negative emissions.
CCS is a driver of economic growth and employment by:
- Creating and sustaining jobs;
- Supporting economic growth through new net-zero industries and innovation spillovers;
- Facilitating a just transition by alleviating geographic and timing mismatches;
- Enabling infrastructure reuse and deferral of decommissioning costs.
This report was authored by the Institute’s Senior Consultant – Economics Alex Townsend and Research Analyst Nabeela Raji, as well as the Institute’s General Manager – Commercial, Alex Zapantis. You can tweet about the report using #ValueCCS.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
CCS: Applications and Opportunities for the Oil and Gas Industry
7th May 2020
Organisation(s): Global CCS Institute
Topic(s): ccs, Energy, Oil and Gas, Transition
As oil and gas companies are evolving their business models in the context of the energy transition, and a growing number of them are committing to net-zero targets, CCS has started to feature more prominently in their strategies and investments.
In this paper, Institute’s General Manager Guloren Turan discusses how CCS can support the oil and gas industry’s low-carbon transition and addresses current developments and opportunities in applications including gas processing, enhanced oil recovery, ethanol production, refining, low-carbon hydrogen production, gas-fired power generation, and direct air capture.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
The Role of CCS in the Paris Agreement and its Article 6
29th April 2020
Organisation(s): Global CCS Institute
Topic(s): Carbon capture, Carbon markets, Carbon removal, ccs, Policy
There has been a growing interest within the Institute’s membership – and elsewhere – in the opportunities to drive the deployment of CCS by the provisions of Article 6 of the Paris Agreement. This paper draws together all the latest information and thinking on the Article and its role in enabling countries to meet the objectives they have set themselves in their Nationally Determined Contributions (NDCs), with particular emphasis on how it can impact CCS.
The paper, authored by our Senior Policy Advisor Eve Tamme and Consultant John Scowcroft, provides insights into the history of Article 6, elaborates on how it can be an enabler for CCS, and looks into the upcoming developments in this field by answering the following questions:
• What does Article 6 do?
• What does Article 6 not do?
• Where is Article 6 in the international climate negotiations?
• What does Article 6 mean for CCS?
• What are the next steps?
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
Scaling up the CCS Market to Deliver Net-Zero Emissions
20th April 2020
Organisation(s): Global CCS Institute
Topic(s): ccs, CCS Facilities, Policy
Understanding how the CCS market is likely to develop over the coming years is of interest to a wide range of stakeholders. It can help inform the timing and design of policies introduced by governments, the scale of the market for potential investors, and the challenges associated with meeting long-term climate targets.
This report aims to inform the discussion on these topics by providing an overview of the near-term and longer-term developments in the CCS market.
It reviews the current CCS facility pipeline, and how that could change in the next few years given project lead-in times. It then considers how this compares to projections of the number of CCS facilities needed to meet long-term climate goals. Throughout the report the number of CCS facilities deployed is used as a proxy for the size of the CCS market.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
The US Section 45Q Tax Credit for Carbon Oxide Sequestration: An Update
16th April 2020
In February 2020, the US Internal Revenue Service published Notice 2020-12 and Revenue Procedure 2020-12, which include updated guidance regarding the Section 45Q Credit. Among other areas, this notice focuses on the eligibility requirements for the date of construction commencement and partnership structures.
Our Washington, DC-based Senior Advisor for Advocacy and Communications, Lee Beck, has prepared an Issue Brief on the latest developments.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.
Global Status of CCS 2019
27th March 2020
Launched at COP25 in December 2019, our Global Status of CCS 2019 Report provides a comprehensive review of the status of CCS globally. The 2019 report documents the current status of CCS around the world and the significant operational milestones over the past 12 months. The report tracks the worldwide progress of CCS technologies and the key opportunities and challenges it faces. insights from our experts, and a range of CCS Case Studies from around the world.
You can download the Report here.
Disclaimer
The content within the Global CCS Institute Publications, Reports and Research Library is provided for information purposes only. We make every effort and take reasonable care to keep the content of this section up-to-date and error-free. However, we make no claim as to its accuracy, currency or reliability.
Content and material featured within this section of our website includes reports and research published by third parties. The content and material may include opinions and recommendations of third parties that do not reflect those held by the Global CCS Institute.