A global study of climate change and clean energy policy has highlighted there is a worldwide lack of support for the use of carbon capture and storage technology – when compared to other clean energy options.
Speaking earlier this week at the United Nations climate change talks in Warsaw, Poland, Global CCS Institute CEO Brad Page said the inventory had informed the development of an analytical framework to compare national policy support to drive domestic action on CCS.
“The world’s dependence on fossil fuels, especially for energy, is expected to continue for decades, the consequence of which will be increased greenhouse gas emissions leading to harmful climate change,” Mr. Page said.
“CCS offers the only way to continue to use fossil fuels without adding significantly more carbon dioxide to the atmosphere, making it a vital component in the portfolio of low–carbon technologies required to achieve the international community’s 2oC target at lowest cost.”
Mr. Page said it was clear that the climate change objectives of a growing number of key developed and developing countries would be well-served by encouraging CCS developments to mitigate the risks of harmful climate change and provide energy security.
“The benefit of the new CCS Policy Indicator is not the absolute results, but the relative positioning of nations and the insights gained into how, why and the extent to which positions change over time,” he said.
“Equitable policy treatment between all large–scale mitigation solutions is essential, and the CCS Policy Indicator seeks to catalogue the progress key countries are making in this regard.”
Results from the inaugural run of the Institute’s CCS Policy Indicator found that:
the most advanced policy settings for CCS demonstration have been shown by Australia, Canada, Norway, The Netherlands, United Kingdom and United States
China is well positioned as a major influence on the future global success of CCS developments in the medium term
countries like India, Indonesia and Russia may benefit by enabling more supportive CCS policy environments.
The CCS Policy Indicator comprises two indexes – Inherent CCS Interest Index and Constituent Policy Index – made up of lead indicators such as fossil fuel production and consumption, adoption, demonstration, and deployment; sub-indicators, including oil, gas, coal, comprehensiveness, appropriateness and adequacy; and variables, such as policy instruments. Aggregated, these metrics allow a comparison of the relative levels of country policy support for CCS demonstrations and deployment.