Scandinavian Oil-Gas Magazine
http://www.scandoil.com/moxie-bm2/news/world-coal-association-calls-for-policy-parity-for.shtmlWorld Coal Association calls for policy parity for carbon capture and storage
The World Coal Association (WCA) has published a new report highlighting the importance of carbon capture and storage (CCS) technology to an effective climate agreement at COP21 in Paris.
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The World Coal Association (WCA) has published a new report highlighting the importance of carbon capture and storage (CCS) technology to an effective climate agreement at COP21 in Paris.
The report “Carbon Capture and Storage – the vital role of CCS in an effective COP21 agreement” provides an overview of the road so far and calls for key policy initiatives to support the greater global deployment of CCS technology.
Key WCA policy recommendations include:
Policy parity - CCS must receive the same policy support that has benefitted renewable technologies in recent decades. This is vital to facilitate the lowest cost pathway to decarbonisation.
Governments must articulate how they plan to drive CCS deployment beyond the demonstration phase towards commercialisation.
Solutions to reducing emissions will require global action, CCS deployment requires international incentives.
Benjamin Sporton, the WCA’s Chief Executive, said: “In building a low-emission energy future, policy makers do not have the luxury of picking and choosing technology “winners”. All technologies, including CCS, are required to build a resilient energy system and to meet climate objectives.”
