Asian Development Bank (ADB) has been supporting promotion of Carbon Capture Utilization and Storage (CCUS) in Asia since 2009 through a dedicated carbon capture and storage fund. Since inception of the fund, ADB has caried out a number of promotional activities including conferences, study tours, pre-feasibility reports as well as pilot project preparations.
CCUS is identified as an important tool for mitigation of climate change and hence. ADB has held a Deep Dive Workshop on CCUS in its flagship event Asia Clean Energy Forum since last 5 years. These workshops were designed to introduce the latest development on CCUS technology, simulate policy dialogue and create networking platform for the CCUS project implementers, financiers, policy makers and researchers.
There is a remarkable shift in CCUS science, policies, and finance over last decade. Utilisation element of CCUS has become more prominent. CO2 capture technologies have moved beyond traditional amine-based technologies, policy support is more robust with introduction of rules for 45 Q in the US and realisation of the need for net zero emission. CCUS is now given greater prominence in ‘hard – to – decarbonise’ industrial sectors. It is important for all the stakeholders to take note of these changes and adjust their role so as to help progress of the sector in Asia.
2020 will be remembered for the economic stagnation of the world. 2021 is the year of revitalizing global economy. This re-starting of business is perceived to be a chance divert the global trajectory towards low carbon development. Objective of this CCUS Deep Dive Workshop is to position CCUS as a technology for rapid decarbonisation in Asia.
CCUS team in ADB used the year 2020 to create a foundation for the sustainable growth. The CCUS team has embarked up on a number of studies which can directly lead to implementation of a project. At the same time, these studies also taught lessons which may be applied to a whole industrial sector or country. The studies provide insights into designing new policies which will help in achieving the goals of Paris agreement and net zero ambitions. The DDW will bring the DMC representatives on a common platform and try to understand
- The process followed in preparing roadmap of CCUS in PRC and its linkage with the ambition of PRC to be carbon neutrality before 2060.
- Perspective of the industry leaders in terms of most suitable technology that will help in reaching the NDC targets of their countries
- Views of the industry leaders on government policies which will accelerate the deployment of policies
Output of this event will be a consolidated view on how CCUS can be implemented in the member countriess of ADB.
Ultimate outcome of the event will be a well-developed policy framework for CCUS in Asia leading to decarbonisation of its economies.
Welcome Address, Introduction on the role of CCUS in ADB’s framework, and launch CCUS compendium
Speaker: Yongping Zhai, Chief of Energy Sector Group, ADB
Using CCUS to facilitate low carbon transitions in Asia
Ellen Paton, Climate Finance Investment Lead, UK Government
Expert Address 1
Low carbon transition of PRC through CCUS
Jingli Fan, Professor and senior consultant of Ministry of Science and Technology, PRC
Expert Address 2
Integration of CCUS in the Climate Policy of Indonesia
Tutuka Ariadji DG Oil and Gas Government of Indonesia
In the context of low-carbon transformation, what is the application potential of CCUS technology in your country or industry? What do you think of this technology? What do government policymakers think of this technology?
2. Mukesh Sharma, Deputy General Manager, IOCL, India
3. Kawaguchi Yukihiro, Director, Global Envirnment Partnership Office Industrial Science and Technology Policy and Enviornment Bureau, METI, Japan/ Asia CCUS network
|11:55 a.m.-12:00 p.m.
Sujata Gupta, Director, Sustainable Infrastructure Division East Asia Department, ADB
As COP26 Presidency, the UK is committed to working with all countries and joining forces with civil society, companies and people on the frontline of climate action to inspire ambition ahead of COP26. The UK Prime Minister has committed to double the UK International Climate Finance to at least £11.6 billion between 2021/22 and 2025/26. The UK is playing an important role in accelerating clean energy innovation through its leadership of Mission Innovation and by acting as Chair of its Steering Committee, it pledged to double its spending on clean energy innovation to £400m by 2020/2021.
Asian Development Bank (ADB):
The Asian Development Bank was conceived in the early 1960s as a financial institution that would be Asian in character and foster economic growth and cooperation in one of the poorest regions in the world. ADB assists its members, and partners, by providing loans, technical assistance, grants, and equity investments to promote social and economic development. ADB is composed of 68 members, 49 of which are from the Asia and Pacific region.
Point of Contact
Jinmiao Xu, ADB
Darshak Mehta, ADB
Dr. Peter Warren, Department for Business, Energy & Industrial Strategy,