DEAR COLLEAGUE,
Welcome to the December 2022 edition of the Clean Energy Ministerial CCUS Initiative newsletter. Year 2022 gave carbon capture plenty of boost, in the form of significant advances in government policies and programmes, and numerous project announcements. According to the Global CCS Institute’s annual CCUS status report, the global CO2 capture capacity of all projects currently under development rose to 244Mt per year – a 44% increase from 2021.
The CEM CCUS Initiative continued its work to serve as a platform for governments, industry and the finance sector to share experience and best practice, both amongst themselves and towards the wider public. We also grew by one member, as Nigeria joined the Initiative in April.
We thank you for your interest in our work and invite you to get in touch if you are interested in knowing more about our activity. Our contact details are at the end of this newsletter.
We wish you a Peaceful Festive Season and a Happy and Prosperous New Year 2023!
- your CEM CCUS Initiative team
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CCUS POLICY FRAMEWORK FOR INDIA
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At a CEM CCUS webinar on 15 December, a new key report on “CCUS Policy Framework and Deployment Mechanism in India” was presented. The report, drawn up by Dastur Energy and commissioned by NITI Aayog, outlines how India could set up a policy framework to deploy CCUS. While first projects and research are already under way in India, there has been little attention on policy frameworks so far. The new report is indeed a very welcome addition to the discussion.
A central recommendation by report authors is to organise a government “anchor” to drive CCUS development strategy and policy for India. This role would fit well the Prime Minister’s Office. A second recommendation is to accelerate the work to characterize and map CO2 storage opportunities in the country. The initial incentive mechanism should be based rather on carrot than stick, potentially on a combination of cash and tax credits. The report also recommends to seek for opportunities for large strategic hubs, such as for the industrial areas in the state of Gujarat, and elsewhere.
The event recording is available here.
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CCUS INITIATIVE BRINGS GLOBAL EXPERIENCE TO BANGLADESH
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At a meeting organised by Asian Development Bank on 15 November in Dhaka, the role of CCUS for Bangladesh was discussed. CEM CCUS Initiative gave a global update and stressed that countries around the CEM CCUS table stand ready to share their experience to help Bangladesh get started with CCUS.
The CEM CCUS Initiative has for several years collaborated with Asian Development Bank at numerous events, e.g. the annual Asia Clean Energy Forum.
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UK PUBLISHES UPDATES TO BUSINESS MODELS AND STRATEGIES
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The UK Department for Business, Energy and Industrial Strategy (BEIS) has published updates on the proposed commercial frameworks for transport and storage, power, and industrial carbon capture business models. More information can be found here.
BEIS has also published a Hydrogen Strategy update to the market which summarises government hydrogen policy developments and schemes since the publication of the July 2022 Hydrogen Strategy update to the market. More information here.
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US TO LAUNCH A USD3.7bn PROGRAMME TO LAUNCH CDR INDUSTRY
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On 13 December the United States announced a major USD3.7 billion programme to help build a commercially viable, just, and responsible carbon dioxide removal industry in the United States.
The largest single element in the programme consists of “Regional Direct Air Capture Hubs”. The Department of Energy will invest $3.5 billion to develop four domestic regional direct air capture hubs, each of which will demonstrate a direct air capture technology or suite of technologies at commercial scale with the potential for capturing at least 1 million metric tons of CO2 annually. More information here.
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OSLO HOSTS EUROPEAN CCUS FORUM
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Bringing together some 250 attendees in-person and over 1000 digitally, the second European Carbon Capture, Utilisation and Storage Forum (CCUS Forum) was organized by the European Commission and the Norwegian Ministry of Petroleum and Energy, on 27 and 28 October in Oslo. The event recording is available here.
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NORWAY AND FRANCE TO COLLABORATE ON CCS
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Norway and France have signed a Letter of Intent to promote mutually beneficial cooperation on the development and deployment of CCS. This confirms the governments’ intentions to cooperate on CCS and recognize the importance of cross-border cooperation. The objective of the Letter of Intent is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate their sharing of technical knowledge, advice, skills and expertise in the field of CCS.
As part of the cooperation, the two Governments will consider and prepare a bilateral agreement to enable cross-border transportation and storage of CO2. More information here.
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12 January 2023: Mission Innovation webinar on Biomass Carbon Dioxide Removal
The Mission Innovation Carbon Dioxide Removal Mission will organise a two-hour webinar on BiCRS, or Biomass Carbon Dioxide Removal and Storage, on 12 January 2023. Registration via this link.
16-19 January 2023: Abu Dhabi Sustainability Week
Alongside partner organisations GCCSI, Clean Air Task Force and KAPSARC, the CEM CCUS Initiative will be present at the Abu Dhabi Sustainability Week, 16-19 January 2023. The four organisations will host a CCUS event during the World Future Energy Summit, on Wednesday 18 January. The event will feature several industries from the region and beyond, as well as several government representatives. Please contact info@cemccus.org for more information.
24 January 2023: Japan technical workshop on CCS, Tokyo
The Carbon dioxide Capture and Storage (CCS) Technical Workshop 2023 will be hosted by the Geological Carbon Dioxide Storage Technology Research Association (GCS) and will take place on 24 January 2023 in Tokyo, Japan, with live streaming. The workshop will focus on the latest domestic and international CCS technology developments and challenges, which are essential for achieving carbon neutrality by 2050.
The GCS has conducted research and development (R&D) towards CO2 geological storage implementation in Japan through the projects commissioned by the Ministry of Economy, Trade, and Industry (METI) and the New Energy and Industrial Technology Development Organization (NEDO). Full event information here.
5 February 2023: CEM – G20 meeting in Bengaluru, India
India is host of both G20 and Clean Energy Ministerial meetings in 2023. The government is linking the CEM work agenda with the G20 energy agenda and will organise a series of meetings combining key CEM work topics with G20 energy meetings. A specific CCUS session, held in conjunction with the India Energy Week and the G20 Energy Transition Working Group will be held on Sunday 5 February in Bengaluru. The CEM CCUS Initiative is working with the Indian organisers to bring international experts to the meeting. This event is by invitation.
16 February 2023: International Energy Forum dialogue in Riyadh, Saudi Arabia
The International Energy Forum, CEM and KAPSARC will host the second high-level dialogue on CCUS, on 16 February at the IEF headquarters in Riyadh. The event will focus on de-risking large-scale CCUS investment. Participants will include high-level government and industry executives as well as finance-sector representatives.
22-24 March 2023: CEM Senior Officials’ meeting, Rio de Janeiro
All Clean Energy Ministerial member countries will meet at the traditional “CEM preparatory meeting”, hosted by Brazil, in Rio de Janeiro on 22-24 March. Brazil will be the host of the 2024 Clean Energy Ministerial meeting.
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THE CEM CCUS INITIATIVE: FOUR CENTRAL AREAS OF ACTION
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In case you wonder what the CEM CCUS Initiative does….: we are essentially a platform for governments, industry and the financial sector to come together to accelerate CCUS and advance various investment opportunities. We make sure that carbon capture is duly considered in the ministerial discussions on clean energy transition, bring together policy-makers, investors and the financial community, foster investment opportunities and strategic hubs, and share knowledge and best practice. Our thirteen full Members include leading CCUS countries across the world.
If you are interested in our work and would like to learn more, please get in touch with us: info@cemccus.org.
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FINANCE SECTOR LEAD GROUP FOR CCUS
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The CEM CCUS Initiative convenes the “Finance Sector Lead Group for CCUS”, an informal group of finance-sector organisations interested in CCUS opportunities. The group is open for all types of financial organisations: development banks, commercial banks, asset managers, institutional investors, insurance companies etc.: any financial organisation interested in CCUS as part of a clean energy and climate investment portfolio. We gather 3-4 times a year to discuss topical issues on carbon capture, such as policy developments, ESG issues, or particular country developments. Our meetings and events provide active links between banks, industry and governments, to discuss potential investment opportunities. The group issued the Key Financing Principles for CCUS ahead of CEM-11 in 2020.
If you are from a finance sector organisation and are interested, please contact us at info@cemccus.org.
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NEXT CEM CCUS INITIATIVE NEWSLETTER:
March 2023
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CLEAN ENERGY MINISTERIAL CCUS INITIATIVE IN BRIEF:
The CEM CCUS Initiative was established at the 9th Clean Energy Ministerial meeting in Copenhagen/Malmo in May 2018. Our objective is to accelerate CCUS together by:
- Ensuring that CCUS is considered under the Clean Energy Ministerial work,
- Providing a platform for governments, industry and the finance sector to collaborate,
- Fostering strategic investment opportunities and
- Sharing knowledge and experience on policy, regulation and CCUS investment in general.
We have fourteen Member Countries: Australia, Canada, China, European Commission, Japan, Mexico, Netherlands, Nigeria, Norway, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom and United States.
The Initiative works closely with industry groups such as Oil and Gas Climate Initiative and Global Cement and Concrete Association. We also nurture active working links with key expert organisations such as the IEA, IEAGHG, the Global CCS Institute.
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