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A roadmap forward

CCS: Where do we go from here?GCCSI Members’ Meeting, Seoul, 10 October 2013

Philippe BenoitHead of Division, IEA

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Why CCS: the story remains the sameTrend in fuel mix 2010-2050: fossil

fuels continue to dominate.

CCS can help to deal with emissions already “locked-in”.

CCS is the only large-scale mitigation option for many industrial sectors.

Annual CO2 emissions reached record high 31,6 Gt in 2012

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CCS is part of a portfolio

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CCS is part of a cost-effective response

3.6

36.4

CCS

Other clean energy

40%… and if CCS not available, investment required in the power sector will increase by

Additional USD 36 trillion in investments through 2050 to reach 2DS scenario goals CCS is 10% of this…

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CCS is ready for scale-up

Capture technologies are well understood

but expensive.

Transport is the most technically mature

step in CCS.

CO2 storage has been demonstrated but

further experience is needed at scale.

• Post-process capture• Syngas/hydrogen capture• Oxy-fuel combustion• Inherent separation

• 6000km existing pipelines• Existing technical standards• Transport by ship (albeit in

small quantities)

• Decades of research• Natural CO2 accumulations• Pilot projects• Existing large-scale projects

Assembling the parts – still a challenge

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A roadmap forward

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A pathway for wide deployment of CCS

Next seven years: Creating conditions for wide

deployment

2013 2020 2030 2050

Vision 2020: Over 30 large projects are in

operation storing 50Mt CO2 per year, providing experience and

enabling cost reduction. Incentive policies are in place to drive early

deployment.

2020-2030: Large-scale deployment

picks up speed

2030 and beyond: CCS is mainstream

Vision 2030: CCS is a veritable industry. Over 2Gt

CO2 is stored per year. Continued R&D and economies of scale reduce

costs significantly. Business cases are consolidated and drive private

investment.

Vision 2050: CCS is routinely used to reduce CO₂

emissions from power and all suitable industry. The total global storage rate exceeds 7 GtCO2/yr.

CCS projects are commercial under technology-neutral climate change policies worldwide in all sectors.

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IEA vision: 120 Gt of CO2 stored by 2050

Goal 1: 2020:

Over 30 large projects are in operation in power and

across a range of industrial processes,

storing 50Mt CO2 per year.

Goal 2: 2030:

Over 2Gt of CO2 is stored per year. CCS is routinely used in power and certain industrial

applications.

Goal 3: 2050:

Over 7Gt of CO2 is stored per year. CCS is routinely used in all applicable power and industry.

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Seven key actions for next seven years

1. Introduce financial support mechanisms for demonstration and early deployment (‘pay me to go’)

2. Develop laws and regulations that effectively require new-build power capacity to be CCS-ready (‘retrofit – get ready’)

3. Significantly increase efforts to improve understanding among the public and stakeholders of CCS technology (‘knowing is understanding’)

4. Implement policies that encourage storage exploration, characterisation and development for CCS projects (‘need a place to stay’).

5. Reduce the cost of electricity from power plants equipped with capture through continued technology development (’make it cheaper’).

6. Prove capture systems at pilot scale in industrial applications (‘expand into new areas’).

7. Encourage efficient development of CO2 transport infrastructure (‘get me there’).

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OUTREACH TO THE PUBLIC

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CO2 USE

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Moving upstream to FOSSIL FUEL production

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Energy Efficiency andRenewable Energy

NOT ENOUGH

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Increase AMBITION

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THANK YOU!

DOWNLOAD THE ROADMAP AT:http://www.iea.org/topics/ccs/ccsroadmap2013

philippe.benoit@iea.org