The projects awarded the EU funding are expected to develop technologies for capturing, storing and conversion of CO2 and contribute to the transition to clean energy through researching its social aspects, modelling, building education and research capabilities and focusing on coal-intensive regions.
While global coal demand looks set to rise for the second year in a row in 2018, it is forecast to remain stable over the next five years, as declines in Europe and North America are offset by strong growth in India and Southeast Asia, according to the International Energy Agency’s latest coal market report, Coal 2018.
Question for written answer P-006213/2018 to the Commission Rule 130 by Michèle Rivasi (Verts/ALE) and Xabier Benito Ziluaga (GUE/NGL) on “Carbon Capture and Storage (CCS) and ‘decarbonised gas'”.
The once remote-seeming dangers of climate change are today a reality – also in Europe. As the world struggles to limit global warming, what are the major trends reshaping global and European energy markets, regulatory and policy frameworks, and technological progress that will determine whether we will, one day, be able to achieve a carbon-neutral economy?
With energy accounting for about 85% of global CO2emissions, meeting the long-term objectives of the Paris Agreement means fundamentally changing the way we produce and use energy. It will require a greater emphasis on energy efficiency and innovation, speeding up the deployment of low-carbon technologies, like solar PV and wind, accelerating the development of carbon capture, utilisation and storage (CCUS), and in some cases retiring existing assets. The IEA’s all-energy expertise can help governments be smarter about achieving their objectives of energy development and decarbonisation, ensuring universal energy access, lessening the health impacts of air pollution, providing affordability and maintaining energy security.
Even with modern production techniques, a large share of the oil in a reservoir is not produced during primary and secondary recovery (read a description of EOR on our new CCUS page or in the explainer below). Some of this oil can, however, be accessed through the use of more complex and energy intensive extraction techniques such as the injection of heat, chemicals, CO2 or other gases. These techniques have been successfully and commercially deployed in multiple countries over many decades.
EDINBURGH, Scotland – The International Energy Agency and the Government of the United Kingdom are holding a global summit on carbon capture, utilization and storage (CCUS) today, bringing together global energy leaders, including Ministers and senior representatives from more than a dozen countries, CEOs of major energy companies and the financial community, to identify practical steps to accelerate investment and deployment of CCUS.