DNV joins carbon capture institute
DNV has become a founding member of the Global Carbon Capture and Storage Institute.
The Global Carbon Capture and Storage Institute was founded in July 2009 as a response to the commitment stated by the G8 countries at the meeting in Japan, June 2008.
The commitment is to develop 20 large-scale CCS projects to be in operation by 2020. The purpose of the institute is to accelerate deployment of CCS to reduce global CO2 emissions. So far, the institute has 150 members from governments, industry, research institutions and non-governmental organisations.
“DNV has for several years worked with carbon capture, transport and storage of CO2. So we welcome the institute as an important initiative with a global perspective to accelerate CCS as a technology to reduce CO2 emissions from power production and industrial processes,” says Hans A. Bratfos, Segment Director for Carbon Capture & Storage at DNV.
“The institute will be an important arena for sharing knowledge on deployment of CCS technologies globally, and this is why DNV now is one of the institute’s founding members,” he explains.
About the Global CCS Institute
The founding of the Global CCS Institute was announced by the Australian Prime Minister Kevin Rudd in September 2008. The institute was formally launched in April 2009 and became an independent legal entity in July 2009. The institute is financed by the Australian Government with 100 mill. Australian dollars annually and has its main office in Canberra, Australia.
The purpose of the institute is to accelerate deployment of CCS to reduce global CO2 emissions. The institute will achieve this by acting as a centre for information, knowledge and expertise on CCS and by contributing to competence building activities. To follow up on the G8 countries goal of 20 CCS projects in operation by 2020 the institute will establish a portfolio of commercial scale demonstration CCS projects with the aim of being operational by 2020. Though, these demonstration projects will not receive funding from the institute – they will have to be funded by the industry and the national governments. The institute will take the role as a facilitator for international co-operation and knowledge sharing between the projects in the portfolio.
An important role of the institute is, in co-operation with governments, non-government organisations and industry, to build confidence in CCS as a measure to reduce CO2 emissions. The institute will also engage in activities that contribute to speed up development of regulatory regimes for CCS. The institute will in particular promote co-operation between governments and industries in developed countries and developing countries on CCS.
Today, there are several governmental and private organisations actively working to develop CCS as a measure for reducing global CO2 emissions. Therefore, the Global CCS Institute is establishing close collaborative partnerships with existing organisations as the International Energy Agency (IEA), Carbon Sequestration Leadership Forum (CSLF), IEA GHG, World Bank, Asian Development Bank, the Clinton Foundation and the Climate Group.
The Global CCS Institute will also co-operate with the EU CCS Network for commercial scale CCS projects – a network established by the European Commission in January 2009 with the purpose of facilitating knowledge sharing between European commercial scale CCS projects. DNV is the co-ordinator for the EU CCS Network.