Global Update On Carbon Capture And Storage (CCS)and Regional Project Perspectives
Khalid Abuleif, Chief Negotiator on Climate Change, Saudi Arabia, highlighted the 4-Kingdom Initiative of the Netherlands, Norway, the UK and Saudi Arabia, to work on CCS and carbon use.
Calling specifically on oil-producing countries in the Middle East, Frédéric Hague, CEO, Bellona Foundation, stressed that rich countries need to take the risk of investing in CCS, to reduce the cost of the technology.
Arafat Al Yafei, ADNOC, stressed the need for a strategic vision, key partnerships and leadership for success in EOR.
Briefing participants on the global status of CCS and stressing that CCS is an important element in tackling climate change, Jones described his organization’s work.
He noted that CCS is applicable to a wide range of industries, and said that certain sectors need to scale up their use of CCS technologies.
Noting barriers to the realization of the benefits of CCS, including the time and economic costs of storage site selections, he called on governments to enact regulation to enhance CCS deployment and lower costs.
Informing delegates that his country views CCS as a strategic technology for the region, Khalid Abuleif, Chief Negotiator for Climate Agreements, Saudi Arabia, highlighted a carbon management roadmap, focusing on stationary capture, mobile vehicles, enhanced oil recovery (EOR) and CCS in saline aquifers.
He outlined key areas in which Saudi Arabia led the international community: the call for an IPCC report on CCS; the inclusion of CCS under the CDM; and work under the World Trade Organization’s Committee on Trade and Environment to include CCS as a technology in the safe trade of environmental goods.