A policy strategy for carbon capture and storage

2012 January This paper is published under the authority of the Sustainable Energy Policy and Technology Directorate and may not reflect the views of individual IEA member countries. The International Energy Agency (IEA), an autonomous agency, was established in November 1974. Its primary mandate was – and is – twofold: to promote energy security amongst its member countries through collective response to physical disruptions in oil supply, and provide authoritative research and analysis on ways to ensure reliable, affordable and clean energy for its 28 member countries and beyond. The IEA carries out a comprehensive programme of energy cooperation among its member countries, each of which is obliged to hold oil stocks equivalent to 90 days of its net imports. The Agency's aims include the following objectives: n Secure member countries' access to reliable and ample supplies of all forms of energy; in particular, through maintaining effective emergency response capabilities in case of oil supply disruptions. n Promote sustainable energy policies that spur economic growth and environmental protection in a global context – particularly in terms of reducing greenhouse-gas emissions that contribute to climate change. n Improve transparency of international markets through collection and analysis of energy data. n Support global collaboration on energy technology to secure future energy supplies and mitigate their environmental impact, including through improved energy efficiency and development and deployment of low-carbon technologies. n Find solutions to global energy challenges through engagement and dialogue with non-member countries, industry, international organisations and other stakeholders. The European Commission also participates in the work of the IEA. Please note that this publication is subject to specific restrictions that limit its use and distribution. The terms and conditions are available online at Acknowledgements This report drew from the expertise of many individuals both inside and outside the IEA. Special thanks go to our consultants Robin Smale, John Ward and Max Krahe at Vivid Economics for expert advice and for developing the draft text. from the IEA Secretariat provided numerous suggestions on various versions of the entire manuscript, while the section on BECCS benefited from input from Dr. Sabine Fuss and Dr. Florian Kraxner, International Institute for Applied Systems Analysis. Lastly, thanks should also go to the following peer reviewers for making time available to read the manuscript and for providing constructive comments: Dr. Executive summary This guide for policy makers aims to assist those involved in designing national and international …