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Home > Industrial Markets > Energy > Equipment
CCS current trends and future prospects
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| Published Date:
August 2009
Published By:
Datamonitor
Page Count:
16
Order Code:
R313-54275
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Introduction
To address the major cause of climate change, significant global policies, frameworks and investments are being directed towards large scale, long term, low carbon technologies such as carbon capture and storage (CCS). CCS stakeholders therefore seek to develop a 'first mover' advantage by developing the only technology with the potential to reduce CO2 emissions from power plants and factories.
Scope- An understanding of how the EU Climate Package will impact the development of CCS technologies with the introduction of two key CCS incentive schemes.
- A list of the CCS R&D projects which the EC now supports, a list of CCS projects across the world and a review of announced European CCS projects.
- A review of the multitude of largely unresolved challenges that CCS faces and reasons why utilities choose to pursue their involvement with CCS.
- Reasons why future utility and industrial company profits may well be significantly influenced by the success of their engagement with CCS.
Highlights
The EU Climate Package marked an important milestone for CCS in the EU with the introduction of two key CCS incentive schemes. Together with key industrial, research and service partners, the EC now supports several R&D projects. In parallel, G8 leaders are calling for 20 demonstration plants to be launched by 2010.
A current review of announced large-scale EU CCS projects suggests that utilities have taken the lead on CCS, yet CCS projects across the world are still a rarity with the majority in the research and small-scale pilot phase. Moreover, low carbon prices and significant costs, risks and barrier to entry will see most shareholders steer clear of CCS.
CCS faces a multitude of challenges yet utilities are competing for EU funds as they come to realize that future utility profits may well be significantly influenced by the success of their current and future engagement with CCS. Other stakeholders with expertise across the CCS value chain are also contributing to the development of CCS.
Reasons to Purchase- Determine the current true level of CCS uptake and how recent developments will affect the future deployment of commercial-scale CCS technologies.
- Tailor your corporate strategy, knowing that commercial-scale CCS will come to market by 2015, despite significant current limitations.
- Turn significant commercial, environmental and strategic limitations to your advantage and gain 'first mover' advantage.
Please note: this is delivered as a Zip file.
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