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National CCS Council
Presenting toConference title, venue date, month, year
The case for equal policy treatment of CCS with other clean energy technology
Dick WellsChair, National CCS Council (Australia)
Presenting to:The Global Status of CCS 2013, South KoreaFriday 11 October, 2013
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© NCCSC All rights reserved
National CCS Council
The Case for CCS
IEA Energy Technology Perspectives 2012
Public investment in CCS projects 2007-2012 (global): $2.5B*
Global renewable subsidies in 2011: $88B**
CCS20%
Renewables29%
End-use fuel and electricity efficiency
31%
End-use fuel switching9%
Nuclear8%
Power generation efficiency and fuel switching
3%
* IEA CCS Technology Roadmap 2013** IEA World Energy Outlook 2012
National CCS Council
An Australian Case Study:Future Electricity Generation Mix in 2050?
National CCS Council
An Australian Case Study:CCS v Renewable Support
$1.0B
$3.2B
$10Bin doubt$20B+
indirect subsidy
CCS Technology Programs
Renewable Technology Programs
Clean Energy Finance Corporation
Renewable Energy Target
National CCS Council
• Support must be commensurate with the anticipated role of CCS – in Australia and globally
• Australian CCS Roadmap: targeted, transitional support needed to facilitate:
– Exploration and appraisal of CO2 storage resources
– Early-mover, integrated CCS projects
– Planning and development of CO2 storage hubs
– Continued investment in R&D – particularly storage
– National CCS Communication Strategy
Is equal policy treatment the solution?