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US Policy Influencer Study 2019
4th May 2019
Topic(s): Policy; US
With US CO2 emissions growth outpacing global emissions growth and many Americans already experiencing the impacts of climate change, policy makers in Washington have begun drafting policy statements and principles for comprehensive climate policy. A year after the US passed the most progressive carbon capture and storage incentive policy globally – a tax credit also known as 45Q – lawmakers are also looking to develop further policies to support the large-scale deployment of carbon capture and storage.
To support stakeholders, policy influencers, and lawmakers throughout the process of formulating carbon capture-supportive policies as well as more effectively communicate as advocates, the Global CCS Institute has commissioned a federal policy influencer survey in Washington, DC. The goal is to improve the understanding of support for climate action and carbon emissions reduction technologies such as carbon capture and storage. Polling 100 policy influencers, 50 from the private sector and 50 from the public sector, the survey provides insights into perceptions of the US energy transition, including the role of government, and the understanding of carbon capture technologies.
The results are encouraging: In pursuit of realistic climate solutions, policy influencers seem to have abandoned technology favoritism, an approach that has been strengthened by the Intergovernmental Panel on Climate Change’s Report on Global Warming of 1.5C released in October 2018. 64 percent of respondents answered that the future of US energy needs to include all forms of clean energy rather than just renewables or fossil fuels. There is also broad agreement among respondents that the US should pursue low-carbon technologies, and that all options must be on the table, albeit clean is the most important energy quality.
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.
Policy priorities to incentivise large scale deployment of CCS
2nd April 2019
Topic(s): Business cases, Carbon capture, Policy
Carbon capture and storage (CCS) is essential to achieving climate change mitigation targets. It is the only feasible technology that can deliver deep emissions reductions in many industrial processes that are vital to the global economy, such as steel, cement and chemicals production. In combination with bioenergy used for power generation or biofuel production, it provides one of the few technologies that can deliver negative emissions at scale; unambiguously required to limit temperature rises to meet the Paris climate targets.
While the critical role of CCS has been demonstrated in many reports, the policies in place today are insufficient to ensure CCS deployment scales up at the rate required. This paper seeks to address the current policy gap by describing priorities for policymakers to support the transition from current to future rates of deployment of CCS.
The Institute's report explores how to stimulate investment in CCS. The paper also identifies concrete policy actions and reviews the progress achieved until now by identifying the policies and commercial conditions that have enabled investment in the 18 large-scale CCS facilities currently in operation, and the additional five that are under construction.
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.
Bioenergy and Carbon Capture and Storage
14th March 2019
Topic(s): BECCS, Biofuels / Bioenergy, Negative Emissions Technologies
After almost thirty years of climate change negotiations, global CO2 levels are still rising (NOAA, 2018). The UNFCCC Paris Agreement goals of holding global warming to ‘well-below’ 2°C and to ‘pursue efforts’ to limit it to 1.5°C are in stark contrast to the ever-dwindling carbon budget.
The evidence makes it clear. CO2 needs to be removed from the atmosphere, known as carbon dioxide removal (CDR), using negative emissions technologies (NETs) to meet global warming targets. Bioenergy with carbon capture and storage (BECCS) is emerging as the best solution to decarbonise emission-intensive industries and sectors and enable negative emissions.
This Perspective from Christopher Consoli, Senior Consultant - Storage, explores this technology and its deployment as a climate mitigation solution.
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.
Financing BECCS in developing countries
11th February 2019
Topic(s): BECCS, bioethanol, Project financing
Bioenergy with carbon capture and storage (BECCS) is a promising class of technologies for carbon dioxide (CO2) removal and consists of the capture and permanent geological storage of CO2 stemming from biomass transformation or combustion. Several industrial sectors can implement this technology, including the biofuel sector which is predominantly made up of bioethanol production. Bioethanol is one of the few renewable alternatives to oil and gas-based liquid fuel, with which it can be easily blended to be used as a transportation fuel.
As countries seek to decarbonise transport, demand for bioethanol is set to grow globally. By integrating CCS into the production process for bioethanol, negative emissions can be created. It is forecast that a significant proportion of the world’s bioethanol production will come from developing countries (International Energy Agency, 2018).
This brief focuses on how the production of bioethanol with CCS can be supported by climate finance providers, and the pivotal role Brazil can play in facilitating this process.
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.