– EVENT REPORT –
Worldwide adoption of Carbon Capture and Storage solutions have been delayed by an announcement at the Copenhagen Conference
The link to this News Event is no longer available at COP15.dk but it has been cached at Google!
The primary thrust of the Copenhagen Conference on Climate Change was to implement an accord of limiting CO2 emissions worldwide, and thus necessitate various regulatory solutions which would have required industry to either reduce their emissions, or face stiff financial consequences. This is where Carbon Capture and Storage (CSS) would have liked to step in with some immediate industrial-grade solutions, presumably while the rest of us continued to consider the enormous challenges of actually reducing and eliminating our reliance on carbon emitting fossil fuels as a Society. As mentioned previously however (COP15.dk is History), the committee under the UN Framework Convention on Climate Change (UNFCCC) had discussed the issue of CCS during the Copenhagen Climate Change Conference, but delayed any decisions on the subject until future summits. The committee contended that some countries had concerns over the long-term viability for the storage site, including liability for any seepage. Thus the larger challenges of capturing CO2 have seemingly become stuck behind a roadblocking question of legal liability in the ‘storage’ component of this much larger process.
Proponents of Nuclear Energy will no doubt see a parallel in the bitter irony of yet another Green industry being hindered by the wasted energy and by-products of bureaucratic finagling and legal wrangling over questions of waste storage…Rather than getting on with the business of refining the existing (and already adequate) processes, while continuing to develop new and improved waste management solutions, and effectively reducing greenhouse gas emissions IMMEDIATELY, rather delaying movement until later, once the technical details and legal liabilities of any unforeseen accidents have been ironed out to the Nth degree. Carbon Capture Left Out in the Cold
What did Copenhagen teach us about CCS
In it’s search for an accord, Copenhagen seemed like a direct precursor to establishing and implementing Carbon Cap/Trade/Tax solutions, that would place financial burdens on all CO2 emitters, and incent the development and application of CO2 capture technologies to reduce such burden. Although the COP15.dk site is now dead in the water, there are still “selected” pages made available by the Danish Government, which may cast light on what the Conference organizers wished to present as their lasting legacy from this historic conference, or at least demonstrate where the organizers left things on the rather important subject of CCS. A search for “Carbon Capture” yields only four (yes, 4!) results on this rather critical next step in reducing greenhouse gas emissions. Click Here, if you’d like to consider what these meagre results say about the Future of CCS from the POV of those who selectively transplanted the entire the COP15.dk site less that a month after the Copenhagen Conference closed.
CCS…Does green Energy hurt the Carbon Market?
In a short blogpost at Envirogy (derived almost entirely from Spiegel Online), we can clearly see how Green (or low emisions Renewable) Energy sources have actually hurt the price of carbon at the European Climate Exchange (and thus the cost incentives for implementing CCS), and in fact the entire system can be proven to have not reduced European carbon emmisions by a single gram!
Sitting on the Border Fences
Meanwhile, in North America, the open markets for carbon at the Chicago Climate Exchange is still awaiting the kinds of regulatory and political pressures that will kick things into a higher gear, and properly comodify Carbon in the U.S. and thus at least make select financiers, investors, and other assorted Middlemen rich in the process, if not at least repeating the lessons already being learned in Europe.
Meanwhile in the Oilpatch
Even though Copenhagen squashed any immediate hopes for Carbon Cap/Trade pricing, and delayed it’s pronouncements on teh future of CCS, searching the transplanted COP15.dk site yields a link to shipping giant Maersk’s role in bringing CO2 to oilfields in the North Atlantic, and there are examples all over the world where CO2 is pumped down into older oilwells to force out remaining oil, and maximize yield. In fact contrary to popular belief, CO2 has already been getting stored in large quantities within used up gasfields, with the only concerns so far being in small amounts of CO2 re-escaping via carbonated water in the formations, and the possible formation of carbonic acid within any porous water areas. The fixation in carbonate minerals is playing only a minor role, so the search to chemically ‘fix’ CO2 into a more neutral and stable state will continue.
TBC…This is a work in progress
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