Download - Edinburgh presentation 23 May 2013
Brad Page – CEO Second Annual EMEA Members’ Meeting – Edinburgh, Scotland 22–23 May 2013
THE GLOBAL STATUS OF CCS AND THE INSTITUTE’S STRATEGIC DIRECTION
Economic growth – IEA 2°C scenario
2 Source: International Energy Agency 2012
Economic growth – IEA 2°C scenario
3 Source: International Energy Agency 2012
Potential emissions by current fossil fuel reserves
Source: International Energy Agency 2012 4
European aspirations – an early mover in CCS
Important early mover
Delivers 10-15% of EU power sector decarbonisation by 2050
- <10% of world power decarbonisation
Plus industrial applications
In total, Europe could account for 10-15% of total CO2 stored in 2050 5
CCS capacity in power sector globally
Churn in European project developments: 2010 vs 2013
European reality – churn and stagnation
6
European reality – churn and stagnation
7
Churn in European project developments: 2010 vs 2013
Challenges to deployment: Revenue and costs
8
CCS policy and funding support
9
Challenges to deployment: Global carbon constraints
International progress on climate policy is slow
IEA notes world on path to 6ºC warming
European 2030 targets and CCS
- Credible long-term signals crucial
- Uncertainty matters • Demonstration financing mechanism risk –
who should bear it?
Equity in technology support
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What needs to be done
Climate change legislation not progressing sufficiently.
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.
Re-invigorate the case for CCS in Europe and collaborate to boost its profile.
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The Institute is committed to the challenge
OUR MISSION To accelerate the
development, demonstration
and deployment of CCS
CREATE FAVOURABLE
CONDITIONS TO IMPLEMENT CCS
AUTHORITATIVE KNOWLEDGE
SHARING
FACT BASED, INFLUENTIAL ADVICE
AND ADVOCACY
Generate, collect and share information, experiences and lessons learnt
Facilitate workshops, events and networking Provide a world class online digital platform
Build Member capability Support the development
of policies and programs Build understanding of
financial and commercial issues
Deploy capability development programs
Collective voice for CCS community
Promote the critical role of CCS in a low carbon economy
Connect and advise senior decision makers, the media and the public on the benefits of CCS
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Strong, independent and influential representation: Leadership roles in key international policy agendas – Clean Energy
Ministerial and inclusion of CCS in the UNFCCC’s CDM.
CCS expertise, knowledge and initiatives: Publish the annual Global Status of CCS report – the international
respected reference source on CCS developments.
Comprehensive expertise including toolkits, guides and reports, the world’s most visited website dedicated to CCS and capacity development.
Unique convening power: Gateway to a global network of governments, companies and NGOs.
Access to thought leaders and events.
Working collaboratively IEA joint work, IEA GHG R&D and Zero Emissions Platform.
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Track record: acting globally and regionally
End June 2013
22 March 2013
Q1 – Q4 2013
By Q4 2013
RELEASED FINAL FIVE-YEAR STRATEGIC PLAN
RELEASE 2013-14 BUSINESS PLAN AND MEMBERSHIP INFORMATION
ENGAGE WITH MEMBERS TO SUPPORT IMPLEMENTATION OF NEW BUSINESS MODEL
DEVELOP AMENDMENTS TO THE CONSTITUTION FOR APPROVAL AT OCTOBER 2013 INTERNATIONAL MEMBERS’ MEETING
IMPLEMENT NEW REGIONALLY FOCUSED APPROACH THROUGH 2013/14
RELEASED DRAFT FIVE-YEAR STRATEGIC PLAN AND CONSULTED WITH MEMBERS
July 2012 – Jan 2013
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On track with our plans