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The papers in these workshops represent the personal views of
the individual authors and do not necessarily represent the views
of their companies, organisations or the IEA.
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Carbon capture and storage (CCS): Bridging the Commercial Gap |
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Location and date(s) of workshop:
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New York: 29-30 September 2009 |
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| Organiser(s): |
IEA Working Party on Fossil Fuels |
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Contact(s):
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keith.burnard@iea.org |
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Background:
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In 2008, the IEA and CSLF delivered 25 recommendations to the Group of Eight (G8) to accelerate commercial deployment of CCS technology. The core recommendation, strongly supported by G8 leaders, was that "20 large-scale projects need to be launched globally by 2010, with a view to supporting technology development and cost reduction for the beginning of broad deployment of CCS by 2020".
One of the key high-level recommendations supporting this core objective centred on the commercial gap and the exceptional risks for commercial investors in first-of-a-kind projects:
"Governments should address, together with the private sector, the financial gap and elevated risks facing early CCS projects in order to accelerate the commercial deployment of CCS, recognizing that market mechanisms alone will not be sufficient for the early deployment of CCS".
The present workshop has been convened in response to this supporting recommendation - to address the commercial gap and first-of-a-kind commercial investment risks, and to develop recommendations for actions by governments. |
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Links to relevant documents:
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Agenda |
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