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The Consultancy Sector:

The Consultancy Sector:. Opportunities in Carbon Capture & Storage. 04/03/2011. National commitments to reduce greenhouse-gas emissions, are collectively inadequate to meet the Copenhagen Accord’s overall goal of holding the global temperature increase to below 2°C.

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The Consultancy Sector:

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  1. The Consultancy Sector: Opportunities in Carbon Capture & Storage 04/03/2011

  2. National commitments to reduce greenhouse-gas emissions, are collectively inadequate to meet the Copenhagen Accord’s overall goal of holding the global temperature increase to below 2°C. Rising demand for fossil fuels would continue to drive up energy-related carbon-dioxide (CO2) emissions through to 2035, making it all but impossible to achieve the 2°C goal, as the required reductions in emissions after 2020 would be too steep. The New Policy Scenario trends are in line with stabilising the concentration of greenhouse gases at over 650 parts per million (ppm) of CO2-equivalent (eq), resulting in a likely temperature rise of more than 3.5°C in the long term.

  3. Capture of CO2at combustion source Transportby pipeline (or ship) to storage site Geological Storageby injection to depths > 700m, where CO2 remains in supercritical fluid phase CCS offers a bridging strategy over the next 20-100 years to sequester carbon from the atmosphere, until performance and uptake of renewable and clean energy technologies improves

  4. EU Directive 2009/31/EC Member State should assess storage capacity of territory Regional Assessment of potential for geological storage of CO2 : SLR 2008 http://www.sei.ie/Publications/Emerging_Technologies/ Kinsale Head Gas Field offers 330 Mt of effective CO2 storage with proven reservoir potential at the appropriate depth

  5. Kinsale Head Gas Field - window of opportunity • Clare Basin onshore – too shallow/ too tight (TNO/ Aurum, 2010) • Offshore : Spanish Point/ North Celtic Sea • Site specific modelling required • 3-D Static modelling • Dynamic modelling • Industry/Academic linkages must be fostered

  6. CCS Supply Chain

  7. Potential Clients • 87 Members from • 12 business areas • Manufacturing • Oil & Gas • Power Generation • Air Separation • Coal • Development Agencies • Law • Banking & Finance • Academics • Storage • Transportation

  8. The Future for CCS • Global Carbon Capture and Storage Spending Totaled $11.9bn in 2010 • “The main driver will be when you get a carbon price high enough to incentivise companies to capture and store, rather than pay to emit.” Dominic Cook, carbon capture and storage (CCS) group manager at Parsons Brinckerhoff • “The bulk of the technology is likely going to be implemented in the developing economies and the CDM will provide a route to funds. There is a push to get the rules for CCS in the UN Clean Development Mechanism finalised by December 2011”. Jeff Chapman, chief executive of the Carbon Capture and Storage Association

  9. “first generation CO2 capture technologies should be ready for commercial deployment by 2020”. Steven Chu, the US energy secretary, January 2011

  10. Conclusion • CCS is an international business with significant growth potential in the developing world • There are many questions still to be answered • Power generators and government must maintain a watching brief, understand the challenges and be prepared to implement CCS to meet emissions targets • Whether CCS becomes commercial or not a significant amount of R&D and consultancy is required • Why not use the Cork Energy Hub as an opportunity to develop exportable skills in CCS solutions

  11. Our Opportunity You see things and you say “Why?”. But I dream things that never were and I say “Why not”. Address to the Dail, quoting George Bernard Shaw, 9th June 1963

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