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The European CCS Demonstration Project Network – Real life experiences towards a low carbon world

The European CCS Demonstration Project Network – Real life experiences towards a low carbon world. 7 th International Scientific Conference on Energy and Climate Change KEPA, Athens, 20 December, 2019. Outline. EU CCS Project Network Overview The Network

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The European CCS Demonstration Project Network – Real life experiences towards a low carbon world

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  1. The European CCS Demonstration Project Network – Real life experiences towards a low carbon world 7th International Scientific Conference on Energy and Climate Change KEPA, Athens, 20 December, 2019

  2. Outline EU CCS Project Network Overview The Network CO2 capture, transport and storage in the Network CCS effect in the projects Potential impact of the Network Our challenges Tackling the challenges CCS the way forward

  3. EU CCS Project Network Overview • The European Commission established the Network in 2009 • Why:Accelerate the deployment of safe, large-scale and commercially viable CCS projects • How: Share technical and project management information via facilitated workshops & members-only platform • Who: Current members are four of the most advanced large scale demonstration projects in Europe • Goal: Create global CCS project-based information-sharing community

  4. The Network 2.1 Mtpa CO2 1.3 Mtpa CO2

  5. CO2 Capture in the Network

  6. CO2 Transport and Storage in the Network

  7. CCS effect in the Network projects’ performance

  8. The Network in context …the Network projects could permanently store nearly 9 million tonnes of CO2 per year, which is the equivalent to… 1,894,737 Vehicles off the road 2,477 Wind turbines installed 230,769,231 Tree seedlings growing for 10 years 5,000,000 Homes electricity supply Based on typical consumption estimations: http://www.epa.gov/cleanenergy/energy-resources/calculator.html#results https://www.ofgem.gov.uk/ofgem-publications/39337/review-typical-domestic-consumption-values.pdf

  9. The challenges • Policy uncertainty • 2) Legal / regulatory frameworks burdens • For example, within the CCS Directive: • Transfer of responsibility • Liability and financial security requirements • Third party access requirement issues • 3) Lack of appropriate investment and deployment mechanisms • Strong incentives and backing need to be urgently introduced to enable the operation of first-mover CCS projects

  10. Global investments Bloomberg New Energy Finance data, 2013 2013/14 EU CCS Demonstration Project Network Situation Report

  11. CCS cost in context Annual Energy Outlook 2014 DOE/NETL-2007/1291

  12. Value for money? Network projects could have an installed capacity of 1,450 MWe, i.e. approximately 10 million MWh/y

  13. CCS challenges in Europe • CCS Directive • Permitting issues • Business models

  14. CCS Directive review The legal EU framework for the safe geological storage of carbon dioxide but… … generates overly heavy liabilities and risks for the operators of early projects … the costs of financial contribution related to the Financial Mechanism are difficult, if not impossible, to estimate … the experience shows that national steps are required to limit unreasonable burdens for projects http://decarboni.se/sites/default/files/publications/94946/permitting-process-special-report-getting-ccs-project-permitted.pdf

  15. CCS - the way forward Short term… Policy measures that give investors’ confidence in revenue over the life of a CCS project e.g. Contract for Difference mechanism adopted in the UK Long term… ETS structural reform as the long term driver for investment Extended NER300 or Innovation Fund but more tailored to the industry’s and Member States’ requirements CCS standards based on actual projects experience Emission performance standards (EPS) will incentivise CCS in Europe?

  16. Find out more and keep up to date • www.ccsnetwork.eu/ • twitter.com/ccsnetworkeu

  17. Thank you! zoe.kapetaki@globalccsinstitute.com ENER/FP7EN/296013/CCS-PNS

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