DEAR COLLEAGUE,
Welcome to the Summer / July 2022 edition of the Clean Energy Ministerial CCUS Initiative newsletter.
The United States will host the 13th Clean Energy Ministerial meeting in Pittsburgh in September, and preparations for this meeting are in full swing. Under the headline of "Global Clean Energy Action Forum", this meeting includes a combined CEM and Mission Innovation ministerial meeting, various dialogues involving ministers and industry leaders, as well as a wealth of side-events across all clean energy technologies and industrial sectors. A true clean energy festival!
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. In the meantime, we hope you get to take some time off during the Northern hemisphere summer season!
- your CEM CCUS Initiative team
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REGISTER NOW: GLOBAL CLEAN ENERGY ACTION FORUM, 21-23 SEPTEMBER, PITTSBURGH
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Pittsburgh, Pennsylvania, will be the centre of attention for the global clean energy community, as the first Global Clean Energy Action Forum takes place on 21-23 September. The Forum combines the previously separate Clean Energy Ministerial and Mission Innovation ministerial meetings, providing an unprecedented opportunity for ministers to discuss all clean energy across the whole innovation and deployment chain. In addition to ministerial sessions, the event will include various dialogue session with industry and finance sector leaders, plus dozens of focus events delving into detail of a range of clean energy technology and deployment policy issues.
Previously known as the “Steel city”, Pittsburgh has recently transformed from a heavy industry centre into a vibrant hub of innovative high-tech firms and start-ups, certainly an inspiring backdrop for ministerial discussions on the needed energy transformation.
The CCUS Initiative is also planning several carbon capture events during the Forum, including for example an event discussing how carbon capture can be accelerated in the cement sector. More information will be available on the Forum website in the coming weeks.
The event registrations are now open. Registration is free, and open to all persons involved in clean energy innovation and deployment issues. You can ensure your seat at the event by registering on the event website. Don’t miss this opportunity – book your place now!
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THE NORTHERN LIGHTS PROJECT ADVANCES IN NORWAY
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A CEM CCUS Initiative delegation visited the Northern Lights CO2 terminal building site near Bergen, Norway, on 29 June. Northern Lights, a joint venture between Equinor, TotalEnergies and Shell, is building world’s first large-scale CO2 terminal. Once up a running mid-2024, the terminal will receive CO2 by purpose-built ships, initially from two sources: the Norcem AS cement plant and the Hafslund Oslo Celsio waste-to-energy plant. From the terminal site, CO2 will then be sent via pipeline for permanent storage in a geological formation at over 2.5km depth under the seabed in the North Sea. The project can deal with up to 7 million tonnes per year, once at full speed.
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ASIA CLEAN ENERGY FORUM AND CCUS INVESTMENT
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On 14 June, the Initiative organised a CCUS finance side-event at the 2022 Asia Clean Energy Forum, the annual flagship energy event of Asian Development Bank. Two panel discussions looked into CCUS investment in the wider Asia region, from the side of both finance institutions and governments. Deploying carbon capture is a must to reach net-zero targets, across several industries and sectors. This requires hundreds of large-scale projects to be established over the next 10-15 years. Several banks in the region, both development finance institutions and commercial lenders, are building capacity to invest in CCUS projects. Government programmes can help create the much-needed incentives which will enable investment. Multilateral development banks (MDBs) can play an important role in getting emerging economies ready to deploy CCUS.
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CCUS INITIATIVE CO-HOSTS A WORKSHOP ON CARBON DIOXIDE REMOVALS
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On 28 June, alongside the Carbon Sequestration Leadership Forum Technical Group, the Research Council of Norway, IEAGHG and Mission Innovation, the Initiative co-hosted a workshop on Carbon Dioxide Removal (CDR) technologies, in Bergen, Norway. The event included the scientific background for the need for CDR solutions, overviews of BECCS, direct air capture and mineralisation technologies, and discussions regarding the future development and policy needs. A meeting summary will soon be posted on the Carbon Sequestration Leadership Forum website.
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On 23 June, the Initiative co-hosted a webinar together with the Global CCS Institute and the King Abdullah Petroleum Studies and Research Center (KAPSARC) on CCUS under various Environmental, Social and Corporate Governance (ESG) reporting schemes. The ESG reporting landscape remains dynamic and there is an increasingly clear opportunity for both project proponents and investors to leverage ESG frameworks for the deployment of CCS in pursuit of decarbonisation. However, while there are few barriers to reporting CCS-specific activities within an organisation’s climate risk mitigation activities, questions remain about the quality and utility of this information. A recent report by the Global CCS Institute proposes a specific CCS reporting methodology.
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COLLABORATION WITH THE CEMENT INDUSTRY
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The CEM CCUS Initiative has continued its active dialogue with the cement industry, through the Global Cement and Concrete Association (GCCA). Last year the GCCA published an ambitious roadmap for net-zero concrete by 2050, with carbon capture as one of the key levers for emission reductions. To help implement CCUS in the cement sector, the CEM CCUS Initiative and GCCA are readying a joint declaration and collaboration programme to be announced in September at the Global Clean Energy Action Forum in Pittsburgh.
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On 4 May, the Initiative, the UN Economic Commission for Europe (UNECE) and Kazenergy jointly organised a workshop with industry and government officials from Kazakhstan, to discuss how carbon capture could play a role in Kazakhstan’s energy future. Technical background to various CCUS technologies was presented, as well as brief case examples from countries that are already deploying CCUS. Going forward, it was agreed that together with relevant partners from industry and various governments, Kazakhstan should conduct studies for first pilot projects, look into opportunities to build CCUS hubs, design support mechanisms and regulatory frameworks, and build national capacity for CCUS deployment.
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CCUS INITIATIVE WELCOMES NIGERIA AS NEWEST MEMBER
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Nigeria joined the CEM CCUS Initaitive as its fourteenth Member in May. Nigeria is rapidly building capacity for CCUS deployment in various industries, and via its CEM CCUS membership it will be able to actively connect with and learn from countries who are further advanced in deploying CCUS.
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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:
September 2022
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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, Japan, Mexico, Netherlands, Nigeria, Norway, Saudi Arabia, South Africa, United Arab Emirates, United Kingdom and United States. The European Commission is an Observer. We also nurture active working links with other key organisations such as the IEA, IEAGHG, the Global CCS Institute and others.
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