Panel 6. Equal treatment of CCS with other technology options - Dick Wells, NCCSC

National CCS Council

Presenting toConference title, venue date, month, year

The case for equal policy treatment of CCS with other clean energy technology

Dick WellsChair, National CCS Council (Australia)

Presenting to:The Global Status of CCS 2013, South KoreaFriday 11 October, 2013

© CO2CRC All rights reserved

© NCCSC All rights reserved

National CCS Council

The Case for CCS

IEA Energy Technology Perspectives 2012

Public investment in CCS projects 2007-2012 (global): $2.5B*

Global renewable subsidies in 2011: $88B**

CCS20%

Renewables29%

End-use fuel and electricity efficiency

31%

End-use fuel switching9%

Nuclear8%

Power generation efficiency and fuel switching

3%

* IEA CCS Technology Roadmap 2013** IEA World Energy Outlook 2012

National CCS Council

An Australian Case Study:Future Electricity Generation Mix in 2050?

National CCS Council

An Australian Case Study:CCS v Renewable Support

$1.0B

$3.2B

$10Bin doubt$20B+

indirect subsidy

CCS Technology Programs

Renewable Technology Programs

Clean Energy Finance Corporation

Renewable Energy Target

National CCS Council

• Support must be commensurate with the anticipated role of CCS – in Australia and globally

• Australian CCS Roadmap: targeted, transitional support needed to facilitate:

– Exploration and appraisal of CO2 storage resources

– Early-mover, integrated CCS projects

– Planning and development of CO2 storage hubs

– Continued investment in R&D – particularly storage

– National CCS Communication Strategy

Is equal policy treatment the solution?