Caspian Energy Journal Caspian European Club
Wednesday, 28 November 2018 13:00

IEA and UK kick-start a new global era for CCUS

The International Energy Agency and the Government of the United Kingdom are holding a global summit on carbon capture, utilization and storage (CCUS) today in Edinburg, Scotland, bringing together global energy leaders, including Ministers and senior representatives from more than a dozen countries, CEOs of major energy companies and the financial community, to identify practical steps to accelerate investment and deployment of CCUS, Caspian Energy News ( reports with reference to the press statement of the International Energy Agency (IEA).

The International CCUS Summit, co-chaired by Claire Perry, UK Minister of State for Clean Energy and Growth, and Fatih Birol, the IEA’s Executive Director, signals the start of a new era for CCUS, a technology that is critical to meeting climate goals. The Summit is held just days before the start of the COP24 climate negotiations in Poland.

Renewables, efficiency, and a broad range of clean energy technologies are absolutely critical to meeting climate goals, and have seen some significant progress in recent years. But CCUS has been a little-used tool in the energy toolbox. The need for action is pressing and will require an unprecedented political and economic effort. Last year, CO2 emissions rose after three flat years, and initial IEA estimates point that emissions will once more rise in 2018, reaching record highs.

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Person in charge of the newsline: Olga Nagiyeva 

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