The Carbon Capture and Storage Association (CCSA) has released a new report today, which sets out important steps to take in light of the previously axed carbon capture and storage (CCS) competition.
The report, entitled ‘Lessons Learned – Lessons and Evidence Derived from UK CCS Programmes 2008-2015,’ outlines 36 key lessons for major industry and policy makers, with the document stating, “Following the decision of the UK Government to cancel the UK CCS Commercialisation Programme, it became clear that there was a need to identify and collate the key lessons learned by those who have sought to develop CCS.”
“It is hoped that making these lessons available will help to inform the future development and deployment of CCS in the UK.”
The 36 lessons reveal a number of important steps that can be and could have been taken to accelerate CCS development, including storage capacity and risks, financial securities, the transport infrastructure, the use of existing resources for CCS and development costs, amongst others.
Making these lessons available will help to inform the future development and deployment of CCS in the UK
The lessons have been formed upon and spearheaded by interviews with both the Shell Peterhead project and the Capture Power White Rose project, as well as with a variety of companies involved in developing CCS initiatives.
Dr. Luke Warren, Chief Executive of the CCSA, stressed, “The report highlights that there were no technical barriers to delivery but that any future CCS programme will have to address a number of outstanding commercial challenges. The report also clearly shows that CCS has significant potential for rapid cost reduction.”
Prof. Stuart Haszeldine, Director of the Scottish Carbon Capture and Storage (SCCS) research partnership praised the new report, affirming that it “highlights some key issues which must be heeded if climate change is to succeed through the deployment of CCS.”
He continued to divulge, “After the abrupt withdrawal of CCS funding by the Treasury, subsequent government defence of this action cited its high cost. However, the CCSA’s evidence-based assessment finds now the cancelled projects and their projected costs to have been in line with the government’s stated objectives and expectations.”
Haszeldine concluded that “there has been huge damage to investor confidence in CCS, which remains a critical technology,” and the the government must “now, without delay, present its vision for decarbonising the UK’s power, industry, heat and transport sectors in line with the requirements of the 2008 Climate Change Act.”
At present, the Government is in the middle of developing its Carbon Plan – setting out a path towards achieving legally binding targets on reducing greenhouse gas emissions – as reinforced by the COP21 agreement to keep global warming temperatures below 2°C.
Warren explained, “The Government has confirmed its intention to develop a new approach to CCS, and we look forward to working with them to build on these lessons and ensure the successful delivery of CCS.”
The CCS Competition was scrapped by the UK Government in November 2015, with a spokesperson stating, “The £1bn ($1.3bn) ring-fenced capital budget for the CCS Competition is no longer available. This decision means that the CCS Competition cannot proceed on its current basis.”