• IEA says climate goals “virtually impossible” without CCS

    Date posted:

    • Post Author

      Patrick Lavery

      Combustion Industry News Editor

Fatih Birol, the head of the International Energy Agency, has said in a statement that without carbon capture and storage, “our energy and climate goals will become virtually impossible to reach,” in an intensification of the language the IEA uses regarding CCS. Dr Birol sees the COVID-19 crisis as both a threat and an opportunity for CCS, with lower oil prices making enhanced oil recovery less attractive as a means of supporting the cost of deployments, but governmental stimulus packages having the potential to provide the necessary financial support to give the industry the further push it needs. In this latter respect, Norway stands as a prime example, having in late September committed to funding two-thirds of the cost of the Longship project, the sister of the Northern Lights project. Longship will involve the installation of carbon capture facilities at a cement factory in southern Norway, operated by HeidelbergCement, and a waste incineration plant in Oslo, operated by Fortum. The total funding for the two plants will be US$1.83 billion (€1.56 billion). Northern Lights involves the transport and storage of captured carbon in the North Sea, meaning that together, the two projects will form a whole value-chain, and act as an example to the rest of the world.