Climate change is a pressing environmental, social and economic problem that demands immediate action.
Environmental Groups Announce CCS Network Dec. 7, 2011 (News Release) - Today nine of the world’s leading environmental advocacy organizations launch the ENGO Network on CCS (Environmental NGO Network on Carbon Capture and Sequestration). International Network Releases CCS Report at COP18 Dec. 4, 2012 (News Release) Doha, Qatar - Members of the ENGO Network on CCS announced today the release of “Perspectives on Carbon Capture and Storage,” a report reflecting current status of this critical mitigation technology in various geographic regions, and a call to action for increased international, governmental support. Members from two contributing organizations – Natural Resources Defense Council and ZERO – presented the report at the COP18 Climate Change Conference in Doha, Qatar.. NGOs Issue Report on CCS in Europe (Edinburgh, Scotland) May 24, 2013 – European-based members of the ENGO Network on CCS published today “Moving CCS Forward in Europe,” a report examining the current status of this essential climate change mitigation technology in Europe, why policy efforts have stalled, and recommendations for improving momentum. “Moving CCS Forward in Europe,” a report examining the current status of this essential climate change mitigation technology in Europe, why policy efforts have stalled, and recommendations for improving momentum. “Perspectives on Carbon Capture and Storage,” a report reflecting current status of this critical mitigation technology in various geographic regions, and a call to action for increased international, governmental support. Eleventh Organisation Joins International Network (LONDON) Dec. 17, 2014 - Members of the international ENGO Network on CCS announce the addition of London-based Sandbag, the eleventh nongovernmental organisation to join the Network created in 2011. Carney say firms must be more open about carbon footprint Sept. 29 - Reuters (UK) Bank of England Governor Mark Carney said on Tuesday that companies must be more open about their "climate change footprint" to avoid abrupt changes in asset prices that could destabilise markets. The speed at which assets such as coal, oil and gas reserves are re-priced to reflect the impact of climate change is vital to reduce potentially "huge" financial risks to British insurers and other investors, he said. "Risks to financial stability will be minimised if the transition begins early and follows a predictable path," Carney told a Lloyd's of London insurance market event. The goal of limiting global temperature rises to two degrees above pre-industrial levels would render the vast majority of fossil fuel reserves "stranded" or unburnable without expensive carbon capture technology, he said. Big business creates a new non-profit to help fix climate change Sept. 28 - Fortune (USA) A growing number of influential business and government leaders now believe that it will be possible to expand the global economy while meeting our climate goals...“Shell believes we need to be net zero carbon as soon as we can. We are operating with an internal carbon price of $40 a ton and we’re in favor of carbon taxes. Our goal is to essentially be net zero carbon by the end of this century. That doesn’t mean there won’t be fossil fuel. But we will find ways to reduce our footprint such as carbon capture.” Europe must embrace CO2 hubs, straddling borders -industry group Sept. 22 - Reuters (UK) Creating European hubs to capture and store carbon dioxide would be the cheapest route to low-carbon energy and the only way for some industries to cut their emissions, industry and government officials say. Carbon capture and storage (CCS) technology has failed so far in Europe to draw enough investment. To overcome that, the Zero Emissions Platform (ZEP), an industry group that advises the European Commission, has presented an action plan that includes CCS hubs, straddling industries and even national borders, to allow economies of scale. "Without CCS, the cost of decarbonising the power sector could be 2 to 4 trillion euros ($2.3-$4.5 trillion) higher and some energy-intensive industries would not be able to decarbonise at all," ZEP said in the plan published on Wednesday. SCCS – new study of multiple CO2 storage sites Sept. 21 - Carbon Capture Journal (UK) UK research group Scottish Carbon Capture & Storage has released a study of multiple user storage sites in the North Sea, showing that it is safe to inject in the same formation at different points at the same time. UK research group Scottish Carbon Capture and Storage, which is based at the University of Edinburgh, has released a detailed study of how CO2 injection will work in the Captain Sandstone aquifer of the North Sea, with CO2 injected in two different sites in the same aquifer at the same time. Coal industry seeks equal support for cleaner coal vs renewables Sept. 21 - Reuters (AUSTRALIA) The World Coal Association (WCA) plans to press governments to provide equal backing for technology to make coal-fired power plants less polluting as they do for renewable energy in upcoming U.N. climate talks in Paris, its chief executive said. While coal is extremely polluting, it is also very cheap and a key fuel for several developing economies. As a result there is a greater push for new technologies such as carbon capture and storage (CCS) by which countries can meet their energy needs without reneging on their commitments to cut emissions. WCA's Benjamin Sporton said it did not make sense that $2 trillion had been invested worldwide in renewables but only $2 billion on CCS, especially when coal demand is expected to continue growing in Asia for decades to come.