Welcome to the blog site of the carbon capture and storage association (CCSA)
Prior to the CCSA, Luke has worked in a number of energy and climate-related organisations, such as IPIECA and he holds a PhD in Biological Sciences from University College London.
As Chief Executive of the CCSA, Luke's primary focus is to champion the development of a commercial CCS industry in the UK, EU and internationally. Luke works on a wide range of issues including UK Electricity Market Reform, European CCS regulations and international mechanisms to incentivise CCS.
What is the difference between value and cost? When a technology like CCS is indispensable to the UK economy (high-value), what role does the cost play?
The UK Government published its Industrial Strategy Green Paper a few weeks ago, emphasising the need to reduce the cost of energy and decarbonisation in the power and industrial sectors. There is overwhelming evidence showing that CCS is one of the most valuable solutions to achieving this goal – for example the Committee on Climate Change has concluded that CCS has the potential to halve the cost of meeting the UK’s 2050 climate change target.
However, to realise the tremendous value of CCS, we need to tackle the perception that CCS is high-cost.
It is the day after the darkest day for CCS in UK history, and the CCSA and its members are still in shock.
The same words keep repeating themselves; devastated, sad, bewildered. The question; Why? And why now? Amazingly, a day later and the silence from Government is deafening. Only the two-line statement to the London Stock Exchange can be found.
Welcome to the new blog of the CCSA; “Going Underground”. In this blog, we hope to give you some insights into the big issues affecting CCS at the moment – in the UK, Europe and internationally.
If you’re here, then you probably already know that CCS is one of the most vital low-carbon technologies in the global fight against climate change. The recent IPCC Fifth Assessment report shows that it is almost impossible to meet the global 2 degrees target without CCS, and that attempting to do so would ramp up the cost of mitigation by a massive 138%! Compare that with scenarios where nuclear is phased out (7% cost increase) or solar and wind have limited roles (6% cost increase) and the importance of CCS becomes glaringly obvious.