4

Dec

2023

Global CCS Institute plays good COP28 and guns for CO2

The Global CCS Institute is the leading global think tank with a mission is to accelerate the deployment of carbon capture and storage (CCS), a vital technology to tackle climate change and deliver climate neutrality. Led by CEO Jarad Daniels and Head of MENA Region Mohammad Abu Zahra, the Institute will hold a series of keynote presentations during COP28.

On 5 December, Mohammad Abu Zahra will speak on the “Energy Transition in MENA” at the Reuters Pavilion, the “Role of CCS to achieve a Net-Zero World” at the Gulf Co-Operation Council (GCC) Pavilion and the “Scaling up of CCS Climate Solutions” at the Oman Pavilion.
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As the Institute acknowledges: “The Paris climate targets simply cannot be reached without CCS … the Intergovernmental Panel on Climate Change (IPCC) finds that all scenarios that limit warming to no more than 1.5°C deploy Carbon Dioxide Removal (CDR) technologies. Direct Air Carbon Capture and Storage (DACCS) removes CO2 directly from the atmosphere, while Bioenergy with Carbon Capture and Storage (BECCS) captures CO2 from bioenergy combustion.”

According to the latest annual report published in November: “There are over 350 CCS facilities in various stages of development globally, with operating facilities having the capacity to capture and store 50 million tonnes of CO2 per year. Despite the promising scale up of CCS projects in the pipeline - a staggering increase of 102% over the last year alone - a continued acceleration is needed. By 2050, the number of projects will need to increase by 100-fold if we are to meet net zero emissions. According to the International Energy Agency (IEA) energy's Net Zero Emissions 2050 scenario, around 1Gt of CO2 emissions per year needs to be captured and stored by 2030.”

In the Middle East, CCS technology is now being deployed in the UAE, Saudi Arabia and in Qatar as part of the massive LNG North Field Expansion: “CCS is flexible technology that has been working safely and effectively for approximately 50 years. CCS can be applied across a wide range of carbon intensive facilities, including cement, steel, chemical, energy production and more. CCS projects have been in operations since mid-1990s. Europe and North America lead the CCS charge, with many CCS networks taking off by Europe's North Sea - led by Norway, the UK, Netherlands and Denmark- and the USA developing projects nearby industrial pockets across the country.”

Hugh Fraser International is keen to play its part in supporting its clients ventures with our HFI Net Zero Legal Solutions initiative focussing on clean energy including CC and hydrogen and it has been an exciting experience to support the Institute's entry into the Middle East at Masdar City Free Zone.

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