Recognizing the heightened interest in emissions-free energy and carbon mitigation technologies, the Center for Strategic and International Studies’ Energy and National Security Program in partnership with the Senate Energy and Natural Resources Committee, the British Foreign Office and the Mission of the United States of America to the European Union, held a briefing series on carbon capture and sequestration (CCS). The seminar was intended primarily for those who are currently considering policy options to promote CCS as a carbon mitigation strategy and the discussion will include counterparts from the international community, the private sector and researchers. The program aimed to look beyond the traditionally explored issues of technology and overall relevance to carbon management and instead focused on business, economic, and policy framework considerations that will be crucial to determining the ultimate role of CCS.
Much attention has been given to CCS as a way to enable the continued use of fossil fuels in emissions intensive sectors of the economy until other large scale, low carbon power generation options are available. The seminar explored the opportunities and challenges associated with CCS and addressed the following questions:
What are the business opportunities for companies and what is required to make them a reality?
What are the possibilities for creating incentives for CCS beyond government regulation?
How are governments and industry working together to deploy CCS technology and how should this approach be modified?
Are there economic, materials, logistics, or other barriers that could keep CCS from reaching the scale necessary to meet carbon mitigation targets forecast for CCS?
Welcome and Opening Remarks
Senator Jeff Bingaman, Chairman, Senate Energy & Natural Resources Committee Bob Simon, Staff Director, Senate Energy & Natural Resources Committee Frank Verrastro, Director and Senior Fellow, CSIS Energy and National Security Program
Session I: The Business Case for CCS
Gardiner Hill, Manager for Group Environmental Technology, BP
Bruce Braine, Vice President of Strategic Policy Analysis, American Electric Power (presentation)
Craig S. Hansen, Vice President, Washington Operations, The Babcock and Wilcox Company (presentation)
Stephen Kaufman, Chair, Integrated CO2 Network (ICO2N) and Director for Business Development, Suncor Energy (presentation)
Session II: Sequencing the Deployment
David Pumphrey,Deputy Director and Senior Fellow, CSIS Energy and National Security Program
Jan Panek, Head of Coal & Oil Unit, Directorate-General for Energy & Transport, European Commission (presentation)
Jon Gibbins, Energy Technology for Sustainable Development Group, Mechanical Engineering Department, Imperial College London (presentation)
Jim Dooley, Senior Staff Scientist, Pacific Northwest National Laboratory (presentation)
Shirley Neff, President and CEO, Association of Oil Pipe Lines
Kevin Book,Senior Analyst, Friedman, Billings, Ramsey Group, Inc.
Rachel Crisp, Deputy Director, CCS Demonstration Project and International CCS, Dept for Business, Enterprise and Regulatory Reform (BERR), UK (presentation)
Vince Hahn, Principal & Vice President, Global Asset Consulting, R.W. Beck, Inc. (presentation)
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