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CCS Policy Development Approach & Preliminary Results

Explore the approach for developing CCS policies, identify major drivers, interactions, and next steps. Learn about the methodology and key issues in policy making.

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CCS Policy Development Approach & Preliminary Results

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  1. CCS Policy DevelopmentApproach & Preliminary Results Shuvendu Bose May 24, 2011

  2. Agenda • Clarify what to do in Phase 1? • Make sure everyone is on the same page! • Illustrate how to complete Phase 1? • Approaches (Methodology) • Preliminary findings on “Relevant Issues of Concern for Policy Making” (i.e. the Drivers) • Propose meeting schedule

  3. What to do in Phase 1? Alternative 1 Review on Existing Policy in Other Economies • Economic & Finance Theory Review on Existing Legislation & Development Work Packages Generic Drivers Local Gaps Economic Analysis CCS Policy MC inputs Alternative 2 suggested Review on Existing Policy in Other Economies • Economic & Finance Theory Review on Existing Legislation & Development Work Packages Generic Drivers Local Gaps Economic Analysis CCS Policy MC inputs

  4. Progress Update • Developed a Framework to Map the Policy Drivers.* • Identified Major Drivers. * CCS Policy literature do not cover issues that are deemed properly regulated by existing legislation.

  5. Framework • Main drivers • Asset • Finance • Technology Licensing Development Licensing Operation Development Licensing Usage & Storage Operation Development Closure Post-Closure Transport Operation Closure Capture Closure • Main interactions • Renewable Energy • Int’l CarbonOffsetting • Int’l Law • Electricity & Water Markets Source Time

  6. Asset Offtaker Ownership Usage (e.g. EOR) CO2 Specification Int’l Law Asset Monitoring & Reporting Ownership Facility EHS Liability Access

  7. Finance Scale Cost Public Engagement Uncertainty & Volatility Finance Risk Sharing Electricity Revenue Gas Domestic Supply & Demand on CO2 Oil CO2 Value Water Int’l Carbon Offsetting

  8. Technology Pilot Program Next generation Int’l Collaboration Technology Existing Tech Development Domestic R&D Commercially Feasible Diffusion Tech Transfer

  9. Next Steps • Step 1: Identify Driver Associations • Couple the three dimensions of drivers • Develop a Matrix to illustrate the associations • Step 2: Identify Working Packages • Criteria of Parceling: • Interdependency • Substitution of association • Time • Step 3: Develop Terms of Reference

  10. Matrix

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