New carbon capture report
(Posted on 15/11/18)
The World Coal Association (WCA) has launched a new report calling for a step-change in international action to advance carbon capture, use and storage (CCUS) technologies.
The World Coal Association is the only body acting internationally on behalf of coal, with a mission to demonstrate and gain acceptance for the fundamental role coal plays in achieving a sustainable, lower carbon energy future.
The report, “Driving CCUS deployment: The pathway to zero emissions from coal” notes that with fossil fuels continuing to account for almost three-quarters of global energy for decades to come, there is an urgent need to ramp up international efforts on all low emissions technologies, including CCUS.
CCUS is widely recognised as a vital technology needed to meet the Paris Agreement goals.
Launching the report, WCA Interim Chief Executive, Katie Warrick said: “Since COP21, WCA has called on governments to move quickly to support low emissions technologies, including CCUS, by promoting policy parity. We need to adopt and develop a new approach to CCUS financing to support faster and wider deployment. Action to advance CCUS requires an international commitment with a broad support base. This report shows how the coal industry has been actively engaged with CCUS over many years, with projects in the US, China, India and Canada among others.”
“Multiple independent forecasts show that coal (and other fossil fuels) will play a significant role in the energy mix for decades to come. It’s vital that countries that have included a role for low emission coal technologies in their Paris Agreement plans are supported in their efforts to follow a zero emission pathway for coal. The first major step, through high-efficiency low-emissions (HELE) technologies, is well under way and is being deployed in the many new coal-fuelled generating plants being built in multiple countries. It’s important that alongside supporting these efforts, we also work to ensure that CCUS can be included in the longer-term national mitigation plans,” Ms Warrick added.
The Global CCS Institute has estimated that over 2732 large-scale CCUS facilities will be needed by 2050 to achieve the objectives of the Paris Agreement. The International Energy Agency has also estimated that 14% of cumulative emission reductions to 2060 would have to come from CCUS. The latest report by the International Panel on Climate Change also gives prominence to CCUS.
It is for this reason that the WCA is calling for concerted international effort towards large-scale deployment of this key climate technology across various sectors, including electricity generation, industrial applications and bioenergy.
The National Grain and Feed Association in the USA (NGFA) joined nearly 90 agricultural organizations... Read more
The World Steel Association (worldsteel) has released its April 2019 Short Range Outlook (SRO). worldsteel... Read more
Rio Tinto Group executive Joanne Farrell has decided to retire after nearly 32 years with Rio Tinto... Read more
Rio Tinto chief executive J-S Jacques has said, on the release of first quarter production results, &... Read more
BHP has released its operational review for the nine moinths ended 31st MarchBHP Chief Executive Officer... Read more
RUSAL, one of the leading global aluminium producers, and Braidy Industries Inc., a US base holding... Read more
GrainCorp Limited has announced its intention to demerge its global malting business, subject to shareholder... Read more
The USA Aluminum Association has released a joint letter with the Aluminium Association of Canada and... Read more
The International Energy Agency (IEA) released its annual Global Energy & CO2 Status Report... Read more
K+S has entered into an agreement with the Australian company, Kalium Lakes, for the purchase of up... Read more