News

Parliament adopts CO2 market stability reserve

Source: EP news

The European Parliament voted in favour of the establishment and operation of a Market Stability Reserve (MSR) proposal, informally agreed with the Council, in yesterday’s plenary session.

What will Teesside industry be like in 2030 if multi-billion pound Carbon Capture and Storage goes ahead?

Industry bosses have made a time-travel video of how Teesside could look in 2030 - if it secures Europe’s first industrial carbon capture and storage (CCS) zone.

The short film, which fast-forwards Teesside fifteen years, has been made ahead of the launch next week of a blueprint for industrial CCS in the UK.

The Teesside Collective, a cluster of big energy users on Teesside including BOC, steelmaker SSI, fertiliser manufacturer GrowHow and Lotte Chemical UK, wants to create Europe’s first CCS industrial zone.

It will publish its blueprint for industrial CCS - led by Local Enterprise Partnership Tees Valley Unlimited - next Wednesday with a Westminster launch.

ETI seeks co-venturers to develop an investable concept for major new power generation capacity with CCS

The Energy Technologies Institute (ETI) is seeking co-venturers  to develop an investable concept for major new power generation capacity fitted with carbon capture and storage (CCS).

ETI’s Thermal Power with CCS investment will support development of the business case for an investable, low cost, low carbon power scheme supported by a Contract for Difference (CfD).

It is designed to take early advantage of the new CCS infrastructure being built and deliver momentum into the next phase of CCS sector development.

G7 Summit declaration on climate: a positive signal for CCS

G7 heads of state and government agreed on a declaration to back the 2 degree climate target last Monday at the G7 Summit in Germany. The 7 leaders support the IPCC recommendation to reduce CO2 emissions “40 to 70% by 2050 compared to 2010 [levels] recognising that this challenge can only be met by a global response”. The G7 declaration represents a major step forward, as it sends a strong signal that the wealthiest countries in the world are determined to collectively address the global warming issue. This also shows a clear commitment to invest in development and deployment of low-carbon technologies within national low-carbon strategy plans.

UK Government shares latest CCS knowledge from Peterhead and White Rose

Source: UK Gov

Today the UK Government published the details of their comprehensive CCS knowledge sharing initiative. As part of the initiative, 45 detailed reports from both the Peterhead and White Rose CCS Projects will be released. These reports will share the emerging learning and experiences from the UK’s two flagship CCS projects.

10th CO2GeoNet Open Forum 2015

CO2GeoNet, the European network on the geological storage of CO2 held their 10th Annual Open Forum "CO2storage - the cornerstone of our low carbon future” from 11-12th May 2015, in San Servolo, Italy. The Open Forum focused on CCS policy and the latest advancements in CO2 geological storage science and technology. Presentations and discussions highlighted recent progress and considered hurdles, which still need to be overcome for large scale deployment of CCS.

Green coal in the red

Capturing the carbon emitted by utilities and factories has enormous appeal, but the EU has struggled to deal with the technology.

Turning coal into a green fuel is the promise of Carbon Capture and Storage, a technology that scrubs carbon dioxide from power plant emissions and then pumps the greenhouse gas deep underground — but the EU’s hopes of using CCS as a key part of its climate policy have fizzled.

£4.2m for CCS research at Grangemouth

UK and Scottish Governments will provide £4.2 million for industrial research and feasibility work for a proposed full–chain 570 MW Carbon-Capture-Storage (CCS) coal-gasification power station located in Grangemouth, Scotland. £1.7 million from Department of Energy and Climate Change (DECC) and £2.5 million from the Scottish Government will allow Seattle-based Summit Power Group to undertake substantial industrial research and feasibility studies with the ultimate objective of designing, siting, financing, and building their proposed Caledonia Clean Energy Project.

EC communication on Energy Union

The European Commission (EC) has issued a communication that sets out a strategy framework strategy for a “resilient Energy Union with a forward-looking climate change policy. The EC outlined Energy Union should foster a sustainable, low-carbon and environmentally friendly economy designed to last. Research and Innovation will be at the very heart of this news strategy and actions will be grouped around four core priorities. In addition, the communication states that there is a need for a better collaboration between the Commission and Member States interested in using carbon capture and storage (CCS).

The ever-escalating cost of not pursuing CCS

Global policy makers need to get to grips with the positive implications of embracing carbon capture and storage (CCS) technology, or else pay an unnecessarily expensive price in order to achieve carbon emission reduction targets. 

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