new ccs - indispensable for reaching climate targets · 2017. 11. 9. · business case for ccs •...

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CCS - indispensable for reaching climate targets We need practical local solutions.. and everything COP 23 6 th Nov 2017 Charles Soothill Vice Chair ZEP

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Page 1: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

CCS - indispensable for reaching climate targetsWe need practical local solutions.. and everything

COP 23 6th Nov 2017Charles Soothill Vice Chair ZEP

Page 2: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

WWF also use the BP data

• Is it obvious that we need to tackle all emissions?• Worldwide: coal, oil

and gas use each grew faster than solar and wind over last 16 years

• The equipment installed will last 25years+

• 2050 is not far away?• To meet targets we must

reduce emissions as they are….

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Page 3: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

Steel Production needs CCS

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• ZEP study shows CCS can reduce CO2 from Steel by >1:8

• Additional electricity is modest 2:1

• CCS is logical choice

• Steel industry jobs at risk

• Steel needs CCS

Source ZEP

Page 4: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

Transportation needs CCS

• Use of electric vehicles is increasing

• But 30 to 50% increase in electricity needed!

• Electricity mix determines CO2/km

• CCS can help deliver till 2050..

Sources: ICCT, Euan Mearns, Montreal Economic Institute 4

EV Elec Mix

ICEV range

EV Wind & CCS

Page 5: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

Source: M. Meinshausen Nature

Modelling Energy Systems to reach Paris

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This means CCS and BioCCS.

Page 6: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

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United Kingdom

Netherlands

France

Spain Greece

Switzerland

Germany

Poland

Italy

Norway

The 10 countries Modelled

Page 7: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

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2010 2015 2020 2025 2030 2035 2040 2045 2050

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2010 2015 2020 2025 2030 2035 2040 2045 2050

Generated e

lectric

ity (TW

h)

WindPVBiomass CCS CHPGas CC CCS CHPC&L CCS CHPBiomass CCSGas CC CCSC&L CCSBiomass CHPRecip CHPGas CC CHPC&L CHPBiomassGas CCGas SCC&LNuclearHydro RiverHydro Lakes

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2010 2015 2020 2025 2030 2035 2040 2045 2050

Ele

ctric

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capacit

y (G

W)

WindPVBiomass CCS CHPGas CC CCS CHPC&L CCS CHPBiomass CCSGas CC CCSC&L CCSBiomass CHPRecip CHPGas CC CHPC&L CHPBiomassGas CCGas SCC&LNuclearHydro RiverHydro Lakes

7With CCS No CCS

Electricity Generation in 10 countries• Model chooses dispatchable power to better integrate Solar and Wind

• With CCS the backup power does not emit CO2

• Wind and Solar capacity factors increased with CCS

• Growth in demand for electricity for Transport and Heat achieved

Source: ZEP

CCS avoids emissions

Without CCS emissions 3 or 4 times higher

Page 8: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

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Tota

l levelize

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cost

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Total CO2 emissions (MTCO2/y)

Series2

ALL

ALL_CCS

2010

2050

2030

Without CCS

With CCS

UK, ES, DE, PL, IT, FR, NL, GR, CH, NO

EU

reducti

on targ

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80 -

95%

ref. 1

990

Cost benefit for emissions reductionin 10 countries

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• 95% emission reduction 1.5c can only be achieved with CCS

• Without CCS emissions 3-4 times higher in 2050

• Savings 1 Trillion Euro till 2050 for EU

• The more you want to reduce emissions the stronger the business case for CCS

• Early investment in CO2 hubs and clusters has strong business case

Source: ZEP

Page 9: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

Making these reductions happen – hubs & clusters

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• Clusters & storage hubs reduce costs and risks for industry to connect

• Sized to accommodate local industrial emitters and their connection when possible

• EU funds for infrastructure, innovation and modernisation

Source: ZEP

Page 10: New CCS - indispensable for reaching climate targets · 2017. 11. 9. · business case for CCS • Early investment in CO2 hubs and clusters has strong business case Source: ZEP

Conclusions

• Urgent - 2050 targets are only achievable, with CCS (&everything)

• Lower cost – saves EU 1 Trillion Euros, to 2050

• Transport, Industry and above all Heat needs more Electricity

• Jobs in Energy Intensive Industries rely on CCS

• Solutions will be regional and vary..

• Like trains and water systems - Requires Infrastructure

• Strong Business case for countries to invest in Hubs/Clusters

• If countries want to meet the Paris Targets we should invest in CCS for:

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Cost, Renewables Integration, Industrial jobs, Energy Security.. .. And we wont get there otherwise