Technology Collaboration Programme by IEA logo

IEA Greenhouse Gas R&D Programme

Category: Uncategorised

Date: May 31st - June 1st, 2007

Rembrandt Hotel, 11 Thurloe Place, London, England

Rembrandt_HotelPicture from the Rembrandt Hotel Web Site

Organised by IEA Greenhouse Gas R&D Programme and IEA Clean Coal Centre

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Sponsored by Rio Tinto and World Coal Institute

logo_riotinto           logoWCI


The purpose of the meeting is to increase the involvement of experts from the financial sector and to discuss financial Instruments with industry and Government representatives to identify, encourage and develop world-wide collaboration and practical development of financial mechanisms to accelerate the use of CCS projects from R&D to commercial reality. The UNFCCC twelfth Conference of Parties (COP) in Nairobi, Kenya has effectively delayed the use of the Clean Development Mechanism (CDM) as a means of incentive until COP 14. Therefore it is important to identify other financial options and frameworks to move forward in the development and implementation of CCS projects

Key Meeting Objectives


Final Report Summary

Day 1 Thursday 31st May

Session 1: Opening Session: The status of CCS


Registration Desk opens


Welcome by John Topper, Managing Director of the Operating Agent for the IEA GHG R&D Programme and IEA Clean Coal Centre


Opening Address: Preston Chiaro, Chairman of the World Coal Institute and Chief Executive of Energy for Rio Tinto: Issues surrounding CCS including current financial Incentives and government regulations for CCS Projects internationally


Leo Meyer, Head of the Technical Support Unit for the Intergovernmental Panel on Climate Change (IPCC) WG III (Mitigation): The Role of CCS as a Mitigation Option within the IPCC Fourth Assessment on Climate Change Report


Heleen Groenenberg, ECN, The Netherlands: Options for incentivizing CCS: the EU ETS vs. additional policy instruments.


Discussion Group made up of speakers and Chaired by Preston Chiaro

1030 Morning Tea/Coffee


Malcolm Wilson, Director of Centre for Studies in Energy and Environment, University of Regina: Results of Recent Innovation Forum on the Clean Carbon Economy concerning CCS.


Peter Cook, Chief Executive, CO2CRC: : The Otway Project; how it is financed, what corporate structure is used, how liability and licensing issues are being addressed, how the project is insured and what are the implications for other Australian CCS Projects


Mark Trexler, Director, Ecosecurities Global Consulting Services: Will future carbon prices make CCS a viable mitigation option, and what are the key factors going into answering this question?


Panel Discussion by speakers and Chaired by Preston Chiaro

1215 Lunch sponsored by the World Coal Institute

Session 2: Industrial Perspectives on CCS and Experience


Hans-Wilhem Schiffer, Senior Manager Energy Economics, RWE Power AG: The Financial Aspects of Implementing an IGCC CCS Project in Germany


Michel Myhre-Nielsen, Manager CO2 Value Chains, Statoil New Energy: A Norwegian Perspective on Ongoing CCS Projects including the Mongstad project


Bob Stobbs, Executive Director, SaskPower: The SaskPower Project


Panel Discussion by Speakers and Chaired by Harry Audus

1530 Afternoon Coffee/Tea Break


Brian Count, Chairman, Progressive Energy, United Kingdom: Building a CCS Project in the UK and the financial issues


Mark Crowther, GASTEC at CRE: Mersey and Dee Basins Carbon Capture Scheme Inaugural Discussions


Panel Discussion by Speakers and Chaired by Harry Audus

1715 Close Day 1
19.00 Reception and Dinner Hosted by Rio Tinto


Day 2 Friday 1st June

Session 3: Banks, Insurance and financing CCS projects


Opening of Day Two by Chairman: Milton Catelin, Chief Executive of the World Coal Institute


Anthony White, Managing Director of Market Development and Chairman of Advisory, Climate Change Capital: Equity and venture capital investment in CCS, what are the current options?


Matthew Elkington, Vice President, Marsh Risk Consulting Practice: Options for managing liability in CCS projects.


Adam Whitmore, Director, Economic Consulting, Deloitte: Policy options for incentivising low carbon power generation in different jurisdictions


Panel Discussion made up of speakers and Chaired by Milton Catelin

1040 Morning Tea/Coffee


Gerhard Mulder, Vice President Commodities Derivatives Market, ABN AMRO: Incentivizing CCS through market based mechanisms. Presented by Jos Cozijnsen, CJ Consulting


Jeff Chapman, Chief Executive for the Carbon Capture and Storage Association (CCSA): Possible Regulatory Options for the UK Government to Enable CCS Projects


Discussion, wrap up and next steps led by Chairman: Preston Chiaro

1230 Lunch sponsored by the World Coal Institute and close of workshop