Providing grants to carbon capture and storage (CCS) programs of high impact
Critical paths for CCS deployment.
We work with key stakeholders around the world to enable policies and regulations; make CCS financeable; improve availability and understanding of data & analyses; and advance conceptual design in hard-to-abate sectors, transport, and countries and industries with high emissions.
Geographies that are important to CCS but require foundational support to build capacity.
These geographies include, but are not limited to, China, Southeast Asia, the Middle East, Africa, and India.
Climate justice and environmental justice considerations.
Our programs address the needs and priorities of communities and regions that are most vulnerable to climate change’s environmental, social, and economic impacts and the effects of industrial activity on local air and water quality.
Creating breakthrough impact.
Programs include activities in hard-to-abate sectors such as cement, steel, pulp and paper, and projects in which think tanks and/or NGOs collaborate with key global industry organizations and/or research organizations with complementary skill sets.
Programs of Work
Below are examples of work that the Global CCS Foundation is well-positioned to execute in collaboration with partner organizations. We invite partners and donors to work with us to create programs that address other opportunities for breakthrough impact.
Partnering with industry to raise awareness, understanding, and acceptance of CCS
CCS plays an essential role in decarbonizing industries such as cement, steel, and fertilizer production, in which options are limited. These same industries have scant knowledge/expertise in capturing, transporting or storing CO2 or integrating CCS into their business. The Foundation will support the efforts of the global CCS community to partner with various industry associations to raise the level of awareness, understanding and acceptance of the role that CCS plays in their members’ businesses through a series of workshops and targeted engagements. A program of work that includes industry associations in key geographies around the world will be further developed, leveraging the capabilities of the Global CCS Institute and relevant regional partners.
Utilizing SOEs as leaders to advance CCS deployment
Major state-owned enterprises (SOEs) are important elements of national economies in both advanced economies (e.g., France, Italy, Norway, Saudi Arabia, UAE) and emerging markets (e.g., China, India, Indonesia, Malaysia). Energy and industrial SOEs are often among the world’s leading CO2 emitters at both country and global levels. SOEs are also major providers of low-carbon alternatives, such as renewables and nuclear power. The state-ownership structure of SOEs allows governments to exercise shareholder power to advance the implementation of their various policy priorities, including climate change, energy, and industrial policy.
The Role of State-Owned Enterprises in Advancing CCUS program explores the potential for state-owned enterprises (SOEs) to drive CCUS development and evaluates strategies to increase their impact. The work under this program will include desk research; engagement with government officials, SOEs and academia; analysis of how the form of government impacts the government/SOE relationship; development of strategies for increasing impact of SOEs on CCUS deployment, and roundtables to discuss initial findings and conclusions. The program will result in a raised awareness and understanding of the possibility of utilizing SOEs more effectively to advance CCUS in selected countries.
Brazil’s government has made substantial greenhouse gas reduction commitments via the Paris Climate Agreement, including reducing greenhouse gas emissions 37% by 2025, 50% by 2030, and achieving climate neutrality by 2050. CCUS has significant potential to support Brazil’s climate ambitions. Petrobras currently operates the Lula CCUS facility on several offshore oil production platforms. Lula CCUS has been operating since ~2012 and is currently capturing and storing nearly 9 million tonnes of CO2 per year. At the same time, sugarcane ethanol production is prolific in the country. Because a pure stream of CO2 is created during the ethanol manufacturing process (and is currently vented to the atmosphere), the cost of CCUS for ethanol is very low, relative to other emissions sources. Despite the potential, Brazil has not created a policy environment to encourage investment in CCUS, nor does it have a supporting market and regulatory framework. Meanwhile, social justice, environmental justice, and climate justice are also significant concerns in Brazil and are not always addressed adequately in environmental policy and regulations.
The CCUS and Environmental Justice in Brazil program will contain four components: CCUS regulation, enabling policy, critical industry sector engagement, and climate justice sector engagement. The program will increase understanding of and support for CCUS among policymakers/regulators and environmental justice advocates in Brazil, ultimately reducing the time required to establish supportive CCUS policies and appropriate regulations. The program will also ensure that environmental justice factors are identified and considered in CCUS policies and regulations.
Informing and educating key decision makers on the importance of CCS deployment
Voluntary carbon markets continue to grow and play an invaluable role in facilitating the achievement of net zero goals in the technology sector. In April 2022, online payments technology provider Stripe teamed up with Alphabet, Meta, Shopify, and McKinsey to launch an initiative called Frontier, which plans to purchase $925 million worth of carbon removal by 2030 from nascent carbon removal companies to accelerate research and development efforts and lower costs. Technology companies and countries dependent upon fossil fuel production will need carbon removal technologies such as CCS to reach GHG emissions targets by 2030 and 2050. These targets and initiatives that reflect social, environmental and climate justice considerations will be needed for the technology sector to meet its ESG goals, which the industry has indicated as a priority. CCS is rarely included in voluntary carbon markets or mentioned in the ESG realm. In collaboration with an esteemed university or financial institution, a comprehensive program to inform and educate policymakers, communities, finance institutions, and investors on the impact of CCS on environmental justice and communities and the importance of including CCS in carbon markets to reach net zero and ESG goals will be developed. The program will address:
- The value of CCS as a climate risk mitigation measure
- Environmental justice considerations of CCS deployment
- The advantages (e.g., measurability, permanence, and transparency) of integrating CCS into carbon markets.
Providing decision makers with actionable insights
Investors, governing bodies, and associated stakeholders require reliable estimates of subsurface geologic CO2 storage capacities in order to inform national and multinational climate change analysis and policy decisions, and prior to identifying and selecting potential sites for commercial-scale CO2 storage projects. A recent report by the International Energy Agency recommends that government geological surveys should undertake pre-commercial CO2 storage assessments to develop an atlas or inventory of CO2 storage resources. While many developed countries have assessed and reported their national geologic CO2 storage capacities, many developing countries have not, as they often have more dire issues to address, and may lack the expertise or budgets to initiate or fund such endeavors. This program of work is intended to address the data gap, and includes the following key elements:
- Conduct a scan of relevant developing countries to identify where the greatest potential for benefit exists.
- Engage with relevant governments, academia, and the private sector to evaluate the availability of data and identify data gaps.
- Collect and compile available CO2 storage potential assessments and other relevant data. This effort will need support from governments to tap into geologic survey expertise and data.
- Develop reports on data availability/gaps, including basic maps and geologic information on a country/regional basis.
- Communicate the information gathered to governments, investors (including the global financing community), academia, and potential CCS project developers.
Accelerating investment and CCUS adoption
SEACA is an initiative working with governments, multilateral organizations, and the private sector to help accelerate investment in CCUS in Southeast Asia as an essential component of the region’s broader efforts to mitigate climate change. SEACA is structured under three pillars that broadly represent the most significant challenges to investment in CCUS in Southeast Asia:
- Enabling CCUS policy
- Comprehensive CCUS regulation
- Geological storage resource data and appraisal
SEACA will compress the timeline for establishing supportive CCUS policies, creating appropriate regulations, and developing subsurface data. The result will be safely sequestering more CO2 in multiple countries in Southeast Asia years earlier than would otherwise occur.
Broadening understanding and opportunities for CCS
The Middle East/North Africa (MENA) region represents a critical element of the transition to a low-carbon economy. The opportunity to deploy CCS in the region is extensive, based on the prominent geological conditions, the existing expertise, and the demand from key customers of the region’s oil and gas sector to decarbonize their products. There is a high need and significant demand for professional education on CCS. A comprehensive education program is under development covering:
- CCS Fundamentals/Overview
- Technical aspects of capture
- Technical aspects of transportation/storage
- Policy/legal/regulatory considerations
- CCS economics, financing, and project development
Providing policymakers and business partners with the tools to reach commercialization
President XI Jinping’s September 2020 announcement that China will achieve (a) carbon peaking by 2030; and (b) carbon neutrality before 2060, has activated government ministries, state-owned enterprises, and private businesses to identify viable pathways to reach those goals. While CCUS has long been in development in China, the 30/60 goals have elevated interest in CCUS. It is now a critical component for China in achieving its climate targets. Research has highlighted the potential role for CCUS, suggesting that it may account for reductions of 2Gt of CO2 per annum in China by 2060.
The three-year China CCUS Accelerator program (2023-2025) will support efforts to work with policymakers, financial organizations, and business decision-makers to develop and advance a durable, practical, and financially feasible environment for CCUS deployment in China. The first project year will lead China to begin a journey to develop a comprehensive policy framework, including monetary incentives and environmental regulations. By 2025, China should have developed a preliminary CCUS policy and regulatory framework. Research recommendations of this working group should be incorporated in China’s 15th-Five Year Development Plan, 2026-2030.