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Publish date: January 13, 2015
News
The €3 million will help to identify the next phase of storage sites, which will be suitable for the secure and long-term storage of CO2 captured at coal and gas power plants, as well as at energy-intensive industries.
The funding will be provided through DECC’s Innovation Fund and delivered by the Energy Technologies Institute (ETI). The ETI has issued a call for proposals to be submitted by 5 February 2015, with a view to awarding contracts and beginning work by spring 2015.
Bellona recognises the importance of initiating work as soon as possible in order to ensure storage sites will be ready and available. In fact, in its recently launched report examining the development of the CO2 storage industry in Europe, Bellona argues that the first large scale investments in commercial storage should take place in 2019.
“What this finding shows is that what some consider early deployment is in fact timely deployment if we are to reach EU Energy Roadmap 2050 goals” notes Keith Whiriskey, Climate Technologies Policy Manager at Bellona Europa and author of the report.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.