Following a recent meeting in London, the UK Energy and Climate Change Secretary Ed Milliband said: ‘Today some of the world’s biggest coal consuming nations have shown business as usual on coal won’t do. There;s agreement that we need countries around the world to finance demonstrations, as we are doing in the UK. We need technology co-operation for know-how and capacity building and a financing agreement at Copenhagen which can drive CCS forwards in developing countries.’
The talks have resulted in agreements of CCS technology. According to the UK Department of Energy and Climate Change (DECC), the Carbon Sequestration Leadership Forum meeting resulted in:
- an agreement that more than 20 industrial-scale CCS demonstrations could be needed by 2020
- support for capacity building to enable developing countries to host demonstrations and for rapid CCS deployment once proven
- the strongest signal yet, from developed and developing countries alike that CCS must be incentivised as part of a global climate deal in Copenhagen this December 09.