NZ joins international climate change initiative
Hon Gerry Brownlee
Minister of Energy and
Resources
16 April 2009 Media Statement
NZ joins international climate change initiative
Energy and Resources Minister Gerry Brownlee today announced the New Zealand government is becoming a founding member of the Global Carbon Capture and Storage Institute (GCCSI).
This Australian initiative aims to accelerate the commercial deployment of carbon capture and storage (CCS) technology internationally.
The Australian Prime Minister, Kevin Rudd, formally launched the 100-million- dollar Institute in Canberra today.
CCS is a potentially important technology option for climate change mitigation. This process involves capturing carbon dioxide (CO2) from large sources of emissions for storage underground rather than emitting it to the atmosphere.
“We look forward to participating in this global forum as a founding member,” said Mr Brownlee.
“CCS has great potential in the transition to low-carbon energy production. This is particularly important for countries that have significant CO2 emissions,” he said.
New Zealand is in the early stages of investigating the potential of CCS for our unique energy mix and environment .
“There are two aspects to this -domestic and international,” Mr Brownlee said.
“Domestically, this support is designed to ensure maximum flexibility for New Zealand’s energy future. We have much work to do in order to establish whether CCS is a viable option for us.”
“Internationally, New Zealand supports CCS deployment, particularly in significant CO2-emitting economies, recognising that global uptake of CCS is likely to contribute to reducing global CO2 emissions in the future, “ he said.
Background
What is
CCS?
Carbon capture and storage (CCS) — there are
various means of carbon capture and storage but in this case
the focus is on ‘geosequestration’ — a process whereby
carbon dioxide (CO2) is captured from large point sources,
compressed, transported and injected into deep geological
formations for permanent storage.
Why CCS?
CCS is
potentially a key technology globally for reducing CO2
emissions and thereby tackling climate change. The
International Energy Agency projects that CCS could
potentially contribute up to 30% of global CO2 emissions
reduction by 2050.
What is the GCCSI?
The Global
Carbon Capture and Storage Institute (GCCSI) is a global
initiative that is based in Australia. The key objective of
the GCCSI is to fast-track commercial deployment of CCS
through facilitating the implementation of at least 20
large-scale demonstration CCS projects worldwide by 2010.
Why has New Zealand decided to become a member of the
GCCSI?
New Zealand has accepted Australia’s invitation
to join the GCCSI for two reasons. First, New Zealand
recognises that CCS could be a crucial technology to reduce
global CO2 emissions, particularly in countries that rely on
fossil fuels for electricity generation and other energy
needs. Secondly, New Zealand needs to be familiar with this
technology as it develops, in order to take considered and
informed decisions on determining the role of CCS in New
Zealand’s long term options for reducing CO2 emissions to
the atmosphere.
Who are the founding members of the
GCCSI?
The GCCSI has a number of governments and at least
30 industry participants as founding members.
Is the GCCSI
the only international collaboration on CCS?
There are a
range of international bodies working collaboratively to
develop CCS technology and regulations. These bodies include
the Carbon Sequestration Leadership Forum (CSLF) and the
International Energy Agency Greenhouse Gas Research and
Development (IEA GHG R&D)
Programme.
ENDS