[Event] Making CCS/CCUS Affordable: Enabling CCUS Deployment in G20 and Beyond
Even when all the Nationally Determined Contributions (NDCs) are revised and implemented, coal, oil and natural gas will still occupy over half of the total global primary energy supply. This is particularly the case in the Asian region which will comprise the bulk of incremental energy demand and CO2 emissions. Thus, the clean use of fossil fuels and Carbon Capture, Utilisation and Storage (CCUS) will be extremely important to decarbonise emissions. A recent study conducted by the Economic Research Institute for ASEAN and East Asia (ERIA) on the Association of Southeast Asian Nations (ASEAN)’s decarbonisation scenarios showed that the marginal abatement cost for achieving net-zero emissions by 2050 will be much more expensive compared with the 2070 net-zero emissions case.
CCUS is a crucial element of the clean energy transition as it is the only technology that contributes both to directly reducing emissions in high energy intensity economic sectors and to removing CO2 to balance emissions that cannot be avoided. Another way to reduce emission is through carbon recycling. After CO2 is captured, it is used to create new materials and products. Instead of just sequestering the CO2, the CO2 will be utilized to make everything from fuel, concrete, and shoes, to cleaning products, plastics, and food. This allows us to recycle the emissions and create a circular carbon economy.
However, the deployment of CCUS will require appropriate supporting policies and investment. Thus, technical experts will need to understand the technical aspect of CCUS and its technologies to help decision-makers to decide on appropriate energy policies to support the development and deployment of CCUS.
Taking the opportunity of Indonesia’s G20 Chairmanship, this side event workshop hosted by Asia CCUS Network and the Ministry of Energy and Mineral Resources (MEMR) of the Republic of Indonesia are very pleased to invite all stakeholders to participate in an online workshop on ‘Commercializing CCS/CCUS: Making Technologies Affordable’. The workshop will promote knowledge-sharing on the cost structure and range of expected costs of CCUS, joint project demonstration and policy frameworks for supporting the development and deployment of CCS/CCUS. As part of this workshop, we seek potential collaborators for a joint demonstration project (coal power plant + CCUS) with the participation and support of interested G20 countries.
The 2022 G20 Indonesia Presidency Energy Transition pillar includes the main topic of ‘Global Cleaner Energy Systems and Just Transitions’ that aims at ‘achieving global deal to accelerate energy transition’. In this regards, multiple pathways will need to be adopted including the innovative and artificial technology such as CCUS will play important role for carbon sinks and help to decarbonise emissions in identified hard to abated economic sectors.
This workshop will provide new insights into how to make CCS/CCUS affordable to all countries, especially in the developing world. This side event workshop will help escalate the role of CCS/CCUS as part of the just process of low carbon energy transition in developing countries which shall foster the G20 energy transition agenda.
In addition, this workshop aims to support G20 Members to understand the different pathways through the application of artificial carbon sink technology such as CCS/CCUS in the low carbon energy transition context, while pursuing and strengthening the implementation of the previous 2021 G20 Italian action plan that includes ensuring access to clean energy for all, especially in developing countries.
- Date: Wednesday, 13 April 2022
- Time: 4 PM- 6:05 PM (Jakarta time, UTC+7))
- RSVP: https://bit.ly/ETWGWebinarAttendee130422
Jakarta time, UTC+7
4 PM to 4:05 PM
Dr Yudo Dwinanda Priaadi, Chair of ETWG G20 2022
4:05 PM to 4:15 PM
Prof Tutuka Ariadji, Director General of Oil and Gas, Republic of Indonesia
4:15 PM to 4:25 PM
The Current State of Carbon Neutrality
Prof Jun Arima, Senior Policy Fellow of ERIA, and co-chair RTWG G20 2022
4:25 PM to 4:35 PM
Introduction of MRI’s Research Results on CCUS’s Value Chain Costs (including some financial aspects)
Ms Kikuko Shinchi, Manager and Senior Researcher, MRI
4:35 PM to 5:20 PM
Panel Discussion moderated by Dr Han Phoumin, Senior Energy Economist, ERIA.
Topics will concentrate on:
5:20 PM to 6 PM
Panel Discussion moderated by Dr Abdurrahman Saleh, Committee Member of BPH Migas, Ministry of Energy and Mineral resources
Topics will concentrate on:
6 PM to 6:05 PM
Koji Hachiyama, Chief Operating Officer (COO) of ERIA