An Asia Clean Energy Forum (ACEF) 2019 Deep Dive Workshop

The International Energy Agency (IEA) has estimated that in order to limit average global temperature rise to 2°C below the pre-industrial era in the most economical way, 14% emission reduction will have to come from carbon capture and storage (CCS). In case the ambition is to limit this temperature rise to well below 2°C, then the contribution of CCS will have to be increased to 32%. CCS’s importance in global emission reduction has been further endorsed in the Intergovernmental Panel on Climate Change (IPCC) special report, Global Warming of 1.5°C. In recent years, there is a renewed interest in the storage of Carbon as well as carbon utilization. It is triggered due to international commitments to reduce greenhouse gas emissions and technical developments which have to lower the cost of capture. while visualizing new ways of utilizing CO2.

The Asian Development Bank (ADB) has been promoting carbon capture, utilization and storage (CCUS) in Asia since 2009 with support from the Department for Business Energy and Industrial Strategy, Government of the United Kingdom, as well as the Global Carbon Capture and Storage Institute, Australia. ADB has been working with its developing member countries (DMCs) to identify new opportunities in CCUS, prepare regulatory frameworks, and grow a research network to create opportunities for low carbon development through CCUS implementation. As part of its ongoing efforts to encourage knowledge exchange on CCUS amongst its DMCs, as well as other countries of the world, ADB is organizing the Opportunities for Cooperation on CCUS Research and Pilot Projects Roundtable to be held on 20 June, and the Asia Wakes Up to CCUS Deep Dive Workshop which is set on 21 June 2019. These events will deliberate on issues of CCUS development in Asia and serve as a bridge between stakeholders across the world.

The roundtable served as a closed-door meeting of CCUS stakeholders and centers of excellence (COE). It facilitated the sharing of experiences and explore possibilities of joint research as well as pilot projects. The deep dive workshop introduced state-of-the-art technologies to inspire the implementation of similar projects in Asia and directly leapfrog to the next phase of CCUS development. Selected topics are expected to be transformative with a multiplier effect.