Network news

The EU CCS Project Demonstration Network published its third annual report that covers technology progress of different parts of the CCS chain, updates on regulatory developments, summary of efforts related public engagement, costs and knowledge-sharing beyond the Network.

Almost one year after the launch of Boundary Dam CCS project, Regina hosted PCCC3 and SaskPower CCS Symposium. This special session showcased the first year operation experience from the CO2 capture facility at Boundary Dam. Delegates also had an opportunity to visit the CO2 capture facilities at Boundary Dam Power Station.

This year, Amsterdam hosted the POWER-GEN Europe and Renewable Energy World Europe Conference and Expo, June 9-11.  During this three-day event, 56 sessions took place with more than 200 speakers discussing today’s challenges in the energy sector.

The European Parliament and the European Council reached earlier this month an informal agreement on the establishment and operation of a Market Stability Reserve (MSR). The legislative proposal to establish an MSR in the EU Emission Trading System (EU-ETS) seeks to address the problem of an oversupply of allowances, leading to a low carbon price. The proposal foresees the reserve as a mechanism to prevent extreme fluctuation of carbon price, by reducing or increasing the supply of allowances.

The Joint task force of the European Investment Bank and the Commission published the list of projects Member states submitted for financing under the new Investment Fund that the European Commission President launched recently. 

On 27 November 2014 the United Kingdom’s (UK) Department of Energy and Climate Change (DECC) announced new funding for CCS research, development and innovation. 

On 29 October the EU leaders approved the allocation of €647 million to key energy infrastructure projects under the Connecting Europe Facility (CEF) programme.  More than half of the funding will go to gas infrastructure, while CO2 transport projects are missing from the list. Early financial assistance to CO2 transport infrastructure would ensure that indigenous energy resources continue to be used - to increase long term energy security of the EU in a sustainable manner.

As part of the European Council conclusions on the 2030 framework for climate and energy policies, the EU leaders agreed on the 23rd October to continue and extend the NER300 facility, a financing instrument launched in 2010 which raised over €2 billion for supporting installations of CCS and innovative renewable energy technologies.

Held to coincide with the Boundary Dam project launch, the event was attended by an audience of Parliamentarians and EP staff representing some of the key countries where CCS could play an important role: including the UK, Romania, the Netherlands, Germany and Poland. Attendees were briefed on progress achieved in Canada, the vital importance of ROAD Project in the Netherlands, and the role played by public engagement in acceptance of the technology.