According to CCSI, the move to create the new bank comes in response to the anticipated increase in the price of carbon credits in Alberta following the suggestion from Environment Minister Diana McQueen in April 2013 of a 40/40 increase made in the spring of 2013. The proposal, if passed, will require large carbon emitters to reduce emissions by 40 per cent or pay a $40-per-tonne fee if they exceed the 100,000 tonne limit. (Source: Carbon Credit Solutions Inc., Rocky View Weekly, 10 Mar., 2014) Contact: Carbon Credit Solutions Inc., Alastair Handle, Pres., (403) 912-9132, carboncreditsolutions.ca
Tags Carbon Market news, Carbon Credit news, Carbon Emission Credit Trading news,
The SCCS policy briefing follows the publication yesterday of the Global CCS Institute's 2014 review of CCS progress worldwide, which concluded that Europe is "lagging behind" progress on CCS being made in the USA, Canada and China. The GCCSI also highlighted that industrial CCS projects are under construction in Australia and the UAE.
The European Commission's recent proposals for 2030 recognized that CCS is required in order to cost-effectively decarbonize Europe's industrial and power sectors. However, it failed to include specific policy incentives or any indication of the level of CCS deployment required by 2030 as a means to achieving reductions of CO2 emissions of 80-95 percent by 2050.
(Source: Scottish Carbon Capture & Storage, Click Green, 19 Feb., 2014) Contact: Scottish Carbon Capture & Storage, +44 (0) 131 650 0270, www.sccs.org.uk
Tags CCS news, CO2 news,
Chevron expects to inject 3.4 to 4 million MTPY of CO2 into the storage reservoir and says there could be a total of 100 million metric tons injected during the 40-year life of the project.
There are 12 operational CCS projects in the world which together prevent the release of 25 million MTY of greenhouse gases. An additional eight projects which are under construction will increase the total to 38 million MTY by 2016, according the Global CCS Institute .(Source: Chevron, Env. Leader, 4 Dec., 2013)
Contact: Global CCS Institute, www.globalccsinstitute.com; Chevron,
(925) 842-1000, www.chevronenergy.com
Tags Global CCS Institute news, Chevron news, CCS news,
The Alstom Corp. designed plant would use oxy-combustion technology in which coal dust is ignited using pure oxygen rather than air.
Many experts believe that oxy-combustion is the most cost-effective carbon capture option.
The process leaves behind water vapor and pure carbon dioxide, which is easier to capture and store. Several plants are piloting parts of the technology around the world, and a large-scale test project is underway in Illinois, funded by $1 billion in stimulus money, according to the Global Carbon Capture and Storage Institute.
(Source: University of Utah, Salt Lake Tribune, 2 Nov., 2013) Contact: Global Carbon Capture and Storage Institute, +61 3 8620 7359, www.globalccsinstitute.com; University of Utah, (801) 581-7200, www.utah.edu
Tags Oxy-Combustion news, Carbon Capture news, Global Carbon Capture and Storage Institute. news,
The two power stations are deploying different technologies: the USA power station, run by Southern Company, is a pre-combustion facility and the Canadian facility, run by SaskPower, is using a post-combustion system. Both systems have been retrofitted to existing power stations. (Source: GCCSI, ABC Perth, 14 Oct., 2013) Contact: GCCSI, Brad Page, CEO +61 2 6162 1928, www.globalccsinstitute.com
Tags Global Carbon Capture and Storage Institute news, CCS news,
The idea was originally pushed by former California governor Arnold Schwarzenegger and former Quebec premier Jean Charest, within the Western Climate Initiative, which includes seven states and four provinces -- Quebec, Ontario, Manitoba and British Columbia. Quebec and California will set allowable emissions limits in the first year, with the permitted amount reduced over time.
Quebec -- "la belle provance" -- aims to reduce its GHG emissions to 25 per cent below 1990 levels by 2020. California aims to return to its 1990 level of GHG emissions by the same year. (Source: Global CCS Institute, Vancouver Sun, 1 Jan., 2013) Contact: Global CCS Institute, +61 2 6175,5300, www.globalccsinstitute.com
Tags Cap-and-Trade news, Global CCS Institute news,
The UK appears to be particularly behind schedule to meet the Commission's deadlines because a competition to choose the best projects was launched in the UK only in April, 2012, a previous competition having been cancelled last year.
A recently released Global CCS Institute survey suggested that Europe may be stalled in the development of CCS. In the past year, nine CCS projects have been launched worldwide, but only two of these are in the EU -- the Sargas power plant in Malta and the Caledonia Clean Energy Project in the UK. Five are in China, one is in Norway and one is in the US. Out of the 75 projects launched worldwide, only eight are operational.
At the current rate, only 67 projects will be operational by 2020. The institute says that for the technology to be able to deliver a significant benefit to emissions reduction, 130 projects are needed by 2020.
(Source: European Voice, Oct. 18, 2012) Contact: Global CCS Institute, www.globalccsinstitute.com
Tags CCS news, Global CCS Institute news,