24 OCTOBER 2018
For Immediate Release
Melbourne, AUSTRALIA – A collaboration agreement was signed today (at the prestigious Greenhouse Gas Technology Conference) by two of the world’s foremost knowledge and research agencies in industrial applications designed to combat climate change. Brought together by their shared vision – to deploy an effective and ready-to-go technology that will make a significant impact to reduce greenhouse gas (GHG) emissions - the IEA Greenhouse Gas R&D Programme (IEAGHG) and the International CCS Knowledge Centre (Knowledge Centre) have agreed to combine efforts in the promotion and acceleration of large-scale carbon capture and storage (CCS).
It is well documented that CO2 concentrations in the atmosphere have been steadily increasing due to human activities and that the earth is on a trajectory of unprecedented climate disruption. While there are many ways in which GHGs can be reduced, such as adding renewables into the energy portfolio or increasing efficiency of power plants, these steps alone will not achieve the required reductions in CO2 emissions. CCS is a critical technology in helping solve the problem.
Widespread use of CCS can be achieved without the need for rapid change in the energy supply infrastructure. This will allow countries to meaningfully aid in decarbonizing electrical grids as well as transition to carbon-free energy systems in the future.
The agreement between IEAGHG and the Knowledge Centre signifies an intention to collaborate and contribute their respective expertise and resources to reduce global GHG emissions through further research, understanding and specifically see the deployment of large-scale CCS projects throughout the world. Together the agencies will provide peer review of publications and ensure accurate, relevant and current knowledge about CCS is freely available.
"CCS enables very deep reductions in CO2 emissions from the use of existing and new fossil fuel based energy infrastructure. Additionally, its deployment with sustainably harvested and renewable bioenergy resources enables deep reductions of CO2 directly from the atmosphere. Both are critical to a climate change mitigation strategy to limit global warming to 1.5oC."- Kelly Thambimuthu, Executive Committee Chairman, IEAGHG
“We are excited by this alliance with IEAGHG. It takes many working toward a common goal. Globally we need a definitive shift in effort on climate change action. CCS is needed now as a means for countries and their citizens to manage current and future GHG emissions.”- Mike Monea, President & CEO, International CCS Knowledge Centre
Quick Facts & Links
• At no point in history were levels of CO2 concentrations as high or increasing as fast as it is now in modern day - Keeling Curve: A Daily Record of Atmospheric Carbon Dioxide (Scripps Institution of Oceanography, UC San Diego)
• CCS is considered essential in three of the four pathways to keep global warming within 1.5oC - Intergovernmental Panel on Climate Change: Global Warming of 1.5 Degrees Celcius
• Most of the world can’t meet emissions targets without CCS – and for those that can, the median increase in mitigation cost is 138% - Intergovernmental Panel on Climate Change: IPCC AR5 2014
• IEA GHG: What is CCS?
• International CCS Knowledge Centre: Lessons for the World
• Global CCS Institute: CCS Readiness Index
About the IEA Greenhouse Gas R&D Programme (IEAGHG): Established in 1991 under the auspices of the International Energy Agency as a technology collaboration program, IEAGHG is a not-for-profit international collaborative venture that studies and evaluates technologies that can reduce greenhouse gas (GHG) emissions derived from the use of fossil fuels. The main technology of focus is Carbon Dioxide Capture and Storage (CCS). As a member-based organization, IEAGHG’s work is subject to peer review ensuring impartiality and that they remain an unbiased source which provides definitive information on the role that technology can make in reducing GHGs. IEAGHG is the lead organizer of the GHGT series of conferences, which are the main international conferences on CCS. GHGT-14 is being held in Melbourne, 21-25 October 2018. For more info: https://ieaghg.org/
About the International CCS Knowledge Centre (Knowledge Centre): Operating since 2016 under the direction of an independent board, Knowledge Centre was established by BHP and SaskPower with a mandate to advance the global understanding and deployment of large-scale CCS to reduce global GHG emissions. The Knowledge Centre provides the know-how to implement large-scale CCS projects as well as CCS optimization through the base learnings from both the fully-integrated Boundary Dam 3 CCS Facility and the comprehensive second-generation CCS study, known as the Shand Study. For more info: https://ccsknowledge.com/
|IEA Greenhouse Gas Programme|
International CCS Knowledge Centre
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