Energy Studies Institute (ESI)

Carbon capture and storage, or CCS, is an important emissions reduction technology that can be applied across the energy system. Currently there are 21 CCS projects worldwide storing about 40 million tonnes of CO2 (MtCO2) per year captured from power, ethanol, hydrogen, fertilizer, steel, and natural gas processing plants. According to the Global CCS Institute’s CO2RE database, 17 power generation projects with carbon capture are currently in early and advanced development: eight in the USA, three in China, three in the United Kingdom, one in each of Korea, Ireland and the Netherlands. Rapid deployment of CCS projects will require funding for innovation, complementary and targeted policy measures such as tax credits or grant funding. Support for innovation needs to target cost reductions and broaden the portfolio of CCS technologies. This roundtable seeks to bring a focused discussion on the current state of development in regional CO2 storage options from the perspective of sequestration capacity, policy and regulatory development. The role of regional cooperation in enabling and expanding regional CCS projects will also be discussed.