G20-Germany-Hamburg-2017

ADVOCACY
CO 2
into the seams, which forces out coalbed
methane. Not only is methane a useful fuel for
the domestic economy, with lower CO 2
emissions
than coal or oil, but the beauty of this application
is that it securely sequesters the CO 2
for centuries –
and without a major cost penalty. This is particularly
useful and valuable in developing countries.
How big a role do you see for CCUS technology
in achieving the Paris Agreement, particularly
in developing countries?
Jupiter Oxygen is not alone in the CCUS business –
a full array of CCUS technologies will be needed.
The rapid commercial introduction and widespread
deployment of energy-efficient and capital-efficient
technologies for carbon capture will be absolutely
critical for achieving the goals of the Paris Agreement
and limiting future global temperature increases to
2°C or less. Indeed, according to the International
Energy Agency, the Paris target can only be achieved
if 95 per cent of coal-fired power plants, as well as
40 per cent of all gas-fired power plants, use carbon
capture technology by 2050.
Employing CCUS will be essential to meeting
the national development priorities of developing
countries. Developing countries will have
exponentially increasing demands for both heat
and electricity during the next several decades as
populations grow and standards of living rise. Mr
Rami, please be aware that projected energy use in
2040 is still 75 per cent fossil fuels based, and only
25 per cent non-fossil fuels based, according to the
IEA’s central scenario. It is inevitable that many of
these demands will be met by burning cheap local
coal, even in countries where there is a major effort
to increase the use of modern renewable energy
technologies. Developing countries also want to
limit their carbon emissions. Pairing this increased
International Energy Agency
World Energy Outlook 2015
Executive Summary, Central Scenario
Jupiter Oxygen
2800 S River Road
Des Plaines
IL 60018 USA
P: 847 928 5930
W: jupiteroxygen.com
Dietrich M Gross
CEO & Chairman
Jupiter Oxygen Corporation
use of coal with carbon capture allows them to meet
their national climate commitments, or Nationally
Determined Contributions (NDCs), to the United
Nations, and will contribute to the worldwide limits
on atmospheric emissions of CO 2
under the Paris
Agreement. CCUS technologies are attractive because
the utilisation of captured CO 2
to enhance coal-bed
methane production converts CO 2
from a costly waste
product to a value-added commodity. Successful
demonstration and deployment of CCUS technologies
will be crucial to establishing CCUS as a low-carbon
technology strategy for emerging economies that
continue to be heavily dependent on coal to fuel their
economic growth.
What would be needed to scale up CCUS to
achieve the 2°C goal?
In order for CCUS technologies to make the large
contribution to carbon reductions I spoke about
before, we need a full court press to deploy these
technologies at commercial scale. The G20 leaders
have an important role to play in this effort, in
partnership with private sector entrepreneurs and
business leaders. The leaders of the G20 should
support R&D into advanced CCUS technologies and
they should urge the multilateral development banks
to increase efforts on ‘crowding in’ private finance.
They should also encourage national development
banks and bilateral aid agencies to provide the riskmanagement
tools that will allow private investors
and entrepreneurs to underwrite the development
of CCUS technologies at full scale, particularly
in developing countries. In addition, G20 leaders
should make all possible efforts to promote domestic
investment in these technologies.
We must implement these steps with a sense of
urgency in order to meet the economic, energy, and
environmental demands of a sustainable future.