The world authority on carbon capture and storage, the Global CCS Institute, says China’s launch of an Emission Trading Scheme (ETS) today continues the country’s recent track record in taking a proactive climate change leadership role across numerous sectors and technologies.
Global CCS Institute CEO, Brad Page, said China has been a very visible leader in deploying CCS as a well-tested and commercial climate change technology and today’s announcement was another demonstration of the acceleration that was needed.
Page said: “China already has eight CCS facilities in various stages of deployment and support for the technology continues to build. The introduction of policy instruments like an ETS are important in creating an environment where all technologies can be brought together with equal measure to tackle climate change.”
Global CCS Institute China Country Manager, Dr Xiangshan Ma, noted that the proactive support for CCS by the Chinese government in ongoing policy design is a catalyst for climate change consensus and action.
Dr Xiangshan Ma said: “Various provincial governments have identified CCS as a crucial technology to reduce industrial greenhouse gas emissions in their five-year plans, and today’s announcement is further proof that China is using policy to positive effect.”
“The technology has been embraced by both state-owned and private enterprises including Yanchang Petroleum, Sinopec and Huaneng Group, and it has the support of scientists, academics, and individual sector groups such as the massive steel sector. This collective approach is a key enabler to winning the fight against climate change.”
Dr Ma said the Institute partnered with the Chinese government in two major side events in the Chinese Pavilion at this year’s Conference of the Parties (COP23) in Bonn at which 82 Chinese delegates attended.
Earlier this year, China’s Yanchang CCS facility made a final investment decision to move its facility near Xi’an into deployment. It will capture more than 400 000 tpa of CO2 from two coal to gasification (syngas) coal plants.
Page added: “China has more than 1500 billion t of underground storage resources at its disposal making the technology a perfect fit for China’s climate change efforts.”
There are currently 17 large scale CCS facilities in deployment around the world with four more poised for start-up in the next 12 – 18 months.
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