Brad Page – CEO Second Annual EMEA Members’ Meeting – Edinburgh, Scotland 22–23 May 2013

THE GLOBAL STATUS OF CCS AND THE INSTITUTE’S STRATEGIC DIRECTION

Economic growth – IEA 2°C scenario

2 Source: International Energy Agency 2012

Economic growth – IEA 2°C scenario

3 Source: International Energy Agency 2012

Potential emissions by current fossil fuel reserves

Source: International Energy Agency 2012 4

European aspirations – an early mover in CCS

Important early mover

Delivers 10-15% of EU power sector decarbonisation by 2050

- <10% of world power decarbonisation

Plus industrial applications

In total, Europe could account for 10-15% of total CO2 stored in 2050 5

CCS capacity in power sector globally

Churn in European project developments: 2010 vs 2013

European reality – churn and stagnation

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European reality – churn and stagnation

7

Churn in European project developments: 2010 vs 2013

Challenges to deployment: Revenue and costs

8

CCS policy and funding support

9

Challenges to deployment: Global carbon constraints

International progress on climate policy is slow

IEA notes world on path to 6ºC warming

European 2030 targets and CCS

- Credible long-term signals crucial

- Uncertainty matters • Demonstration financing mechanism risk –

who should bear it?

Equity in technology support

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What needs to be done

Climate change legislation not progressing sufficiently.

Need to include CCS in the portfolio of clean technologies with equitable incentives and treatment - lowering cost of meeting reduction targets in the long run.

Funding for CCS demonstration projects should be accelerated and incentives increased from current base.

Re-invigorate the case for CCS in Europe and collaborate to boost its profile.

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The Institute is committed to the challenge

OUR MISSION To accelerate the

development, demonstration

and deployment of CCS

CREATE FAVOURABLE

CONDITIONS TO IMPLEMENT CCS

AUTHORITATIVE KNOWLEDGE

SHARING

FACT BASED, INFLUENTIAL ADVICE

AND ADVOCACY

Generate, collect and share information, experiences and lessons learnt

Facilitate workshops, events and networking Provide a world class online digital platform

Build Member capability Support the development

of policies and programs Build understanding of

financial and commercial issues

Deploy capability development programs

Collective voice for CCS community

Promote the critical role of CCS in a low carbon economy

Connect and advise senior decision makers, the media and the public on the benefits of CCS

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Strong, independent and influential representation: Leadership roles in key international policy agendas – Clean Energy

Ministerial and inclusion of CCS in the UNFCCC’s CDM.

CCS expertise, knowledge and initiatives: Publish the annual Global Status of CCS report – the international

respected reference source on CCS developments.

Comprehensive expertise including toolkits, guides and reports, the world’s most visited website dedicated to CCS and capacity development.

Unique convening power: Gateway to a global network of governments, companies and NGOs.

Access to thought leaders and events.

Working collaboratively IEA joint work, IEA GHG R&D and Zero Emissions Platform.

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Track record: acting globally and regionally

End June 2013

22 March 2013

Q1 – Q4 2013

By Q4 2013

RELEASED FINAL FIVE-YEAR STRATEGIC PLAN

RELEASE 2013-14 BUSINESS PLAN AND MEMBERSHIP INFORMATION

ENGAGE WITH MEMBERS TO SUPPORT IMPLEMENTATION OF NEW BUSINESS MODEL

DEVELOP AMENDMENTS TO THE CONSTITUTION FOR APPROVAL AT OCTOBER 2013 INTERNATIONAL MEMBERS’ MEETING

IMPLEMENT NEW REGIONALLY FOCUSED APPROACH THROUGH 2013/14

RELEASED DRAFT FIVE-YEAR STRATEGIC PLAN AND CONSULTED WITH MEMBERS

July 2012 – Jan 2013

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On track with our plans