The Carbon Capture and Storage (CCS) is included as an integral part of all climate change mitigation strategies proposed by the Intergovernmental Panel on Climate Change and International Energy Agency (IEA). But overcoming perceived and real risks, higher costs and financing barriers and, low public acceptance is proving difficult and time consuming resulting in slower progress on CCS. While there are multiple challenges in launching CCS demonstration projects in developing countries, the higher capital cost combined with significantly high "energy penalty" is often cited as a key barrier by the potential CCS developers and investors in these countries. The "economic/financial gaps" for CCS, which are already well documented, are critical bottlenecks and primary reasons for slow (or stalled) progress for CCS development in these countries.
The Conference will take stock of global status of CCS development and ongoing challenges and opportunities. Discussion will be made on how to promote CCS projects in developing countries. It will also include discussion on key challenges and barriers, and efforts to address these. The conference aims to capture experiences and lessons learned from large-scale CCS projects. There will also be a panel discussion on financing gaps and financing CCS in developing and developed countries.
At the end of the workshop, participants will have:
Experts from relevant DMCs, including stakeholders from International Commercial and Financial Institutions, carbon and clean energy investment funds, project developers and service providers, and development partners; and other international organizations. Large participation from PRC is expected.
Dr. Rajendra Pachauri will be the keynote speaker. There will be other distinguished speakers from NDRC, IEA, Global CCS Institute, ADB, and World Bank.