Wayne Calder – Department of Resources, Energy and Tourism – CCS and carbon price policy in...
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Australia’s CCS and Carbon Price Policy GCCSI Regional Members Meeting
8 June 2012, Tokyo, Japan
Presented by Wayne Calder
Department of Resources, Energy and Tourism
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The need for action
• Australia faces significant environmental, economic and social costs associated with global climate change
• Countries around the world are already taking action to cut CO2 emissions and 32 countries already have emissions trading schemes
• The Australian Government has committed to reducing CO2 emissions by at least 5 per cent compared with 2000 levels by 2020
• New Australian target to cut CO2 emissions by 80 per cent below 2000 levels by 2050
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Australia’s Clean Energy Future
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How the carbon price works
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Transitional Arrangements
•$8.6 billion Jobs and Competitiveness Program includes assistance for:
• Emissions Intensive Trade Exposed Industries
• Strongly affected electricity generators
• Planned retirement of highly emissions intensive generators
•The $1.26 billion coal sector jobs package will assist the most emissions intensive coal mines
•The $70 million Coal Mining Abatement Technology Support Package will develop and deploy fugitive emissions reduction technology
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• Australian support for CCS precedes a carbon price and includes:• Funding for the CO2CRC since 1999
• Coal industry contributions to the COAL 21 initiative since 2004
• Membership of CSLF and Asia Pacific Partnership
• Callide Oxyfuel and other capture projects
• Significant funding for R&D, demonstration projects and to establish the Global CCS Institute over 2008 and 2009
• Why does Australia support CCS?– Heavy reliance on coal for power generation
and growing profile of gas/LNG developments
– Responsibilities as a major international energy supplier
– Alongside energy efficiency and renewable energy, CCS is required to make deep emissions cuts at least cost to the economy
Australian CCS Policy
ENHANCING AUSTRALIA’S ECONOMIC PROSPERITY
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CCS Policy Elements in Australia – the puzzle
Legislative Certainty
Storage
R&D
Project Demonstration
Stakeholder Engagement
Knowledge- Sharing
CommunityAcceptance
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Australian Government funding
• Major government funding support flows from:– CCS Flagships program ($1.7 billion)– National Low Emissions Coal Initiative ($370 million),
established in 2008
– National CO2 Infrastructure Plan ($61 million)
– Global CCS Institute ($315 million)
• With additional support flowing from other programs.
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Gorgon LNG Project3.5 Mtpa
CCS Flagships & commercial scale projects
Collie South West Hub 2.4 to 7 mtpa
Callide Oxyfuel Project 10 Ktpa
Wandoan CCS project1 Mtpa
CarbonNet 3 – 5 Mtpa
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The Gorgon Project
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The Collie South West Hub
• Major industrial area of WA generating 25 MT of CO2 p.a.
• Sequestration of 300,000 tonnes of CO2 in bauxite residue
• Storage of up to 6.5 MT of CO2 per annum for 40 years being investigated
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CarbonNet Project
20 km
Post Combustion Capture
Pre Combustion Capture IDGCC
Pre Combustion CaptureIGCC
Concept route only
Pipeline
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Callide Oxyfuel Project Background
• Project involves retro-fitting oxy-combustion technology to a 30 MW unit of the Callide A power station in Queensland and the capture and geological storage of 10,000 tonnes of CO2 per annum.
• Collaborative Project involving Australian and Japanese Governments and industry including CS Energy, JCOAL, Xstrata Coal, Schlumberger, IHI, Mitsui, and JPower.
Status
• Generation of electricity by oxy-firing commenced in March 2012. Project expected to start capturing CO2 around the end of 2012.
Challenges
• Proving Oxyfuel technology at scale and obtaining access to a suitable storage site.
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Summary• A carbon price will commence in Australia on 1 July 2012
• The policy is designed to transition the economy to a low carbon future and to incentivise investment in least cost abatement
• CCS policy and programs precede the introduction of a carbon price and will complement long term abatement targets
• Demonstrating CCS at commercial scale is critical to future deployment
• Planning for and implementing demonstration projects requires consideration of all elements of the CCS puzzle and generates valuable knowledge
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Thank you
ENHANCING AUSTRALIA’S ECONOMIC PROSPERITY