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NGO report in support of CCS launched by Lord Stern at Bellona Pavilion in Doha

Publish date: December 4, 2012

“I agree with the contents and I support the conclusions,” said Lord Stern at a press conference organized in the Bellona Foundation’s pavilion at the UN COP 18 talks in Doha, Qatar today.

In order to reach the goal of not increasing the global average temperature by 2 degrees – as set by UN Heads of State in Copenhagen in 2009, we need to cut emissions by 8-9 billion tons by 2050, said Stern. “In that scenario, with CCS necessary to ensure 17 percent of those global emissions reductions, we need to build three thousand full scale CCS facilities in the world from today until 2050.”

Lord Stern emphasized that the industry and power sectors need to start investing in CCS with a view to getting the price of capturing and safely storing a ton of C02 down to 50$ within a decade. Reaching the necessary scale means that approximately one trillion US dollars will be invested in CCS technologies from today until 2050.

New sources of gas mean that the world will be stuck with fossil fuels for a long time – in which case CCS is crucial in order to meet the climate goals.

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Christening of the Northern Lights's CO2 carrier in Stavanger, 2025.

A great leap towards a scaled European market for CCS: Northern Lights expands storage capacity, will store CO₂ from Stockholm  

Europe’s only multi-source, injection-ready CO₂ storage site will more than triple its capacity by 2028. The decision follows an agreement with Stockholm Exergi to transport and store up to 800 – 900 kilotonnes of CO₂ per year. “This decision is years in the making, and the culmination of decades of hard work from many, Bellona included” says Bellona Europa Director Jonas Helseth.