SPE Gaia / OGCI / IPIECA / IOGP Climate Series eSessions – CCS
First CCS series from 2022–2023.
Overview
According to the IPCC WGIII report, net-zero CO2 energy systems, will require: “a substantial reduction in overall fossil fuel use, minimal use of unabated fossil fuels, and use of CCS in the remaining fossil system”. (Reference: IPCC AR6 SPM p.36)
Carbon capture and storage (CCS) is one of the key technologies that could enable a low-carbon energy transition. CCS encompasses an integrated suite of technologies that can prevent large quantities of CO2 from being released in the atmosphere from the use of fossil fuels. It is a proven technology and has been in safe, commercial operation for 45 years. (Reference: GCCSI)
Between 2022 and 2023, SPE Gaia, IOGP, OGCI and Ipieca have collaborated on a webinar series sharing knowledge and good practice around the scaling up of carbon capture and storage (CCS) technology, including key issues, environmental responsibility, financial incentives, policy, and liability concerns. The topics covered included:
- Carbon Takeback Obligations - an opportunity to accelerate deployment of carbon capture and storage
- Technological solutions for negative emissions and CO2 removal, an essential tool to limit global warming and protect the planet?