Energy Ministers Discuss Carbon Capture, Utilization and Storage Deployment
UN Photo/Kibae Park/Sipa Press
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The energy ministers of Canada, China, Norway, and the US, as well as the Heads of delegation from Australia and the European Commission (EC), along with leaders from the industry and key organizations, gathered to discuss increased collaboration to drive further deployment of CCUS.

A side event of the CEM8 organized by the G20 Energy Efficiency Finance Task Group (EEFTG) saw the Asian launch of the G20 Energy Efficiency Investment Toolkit.

The event focused on the investment challenge at the core of energy efficiency and included a number of high-level participants.

6 June 2017: Ahead of the 8th Clean Energy Ministerial (CEM8), the energy ministers of various countries discussed the deployment of carbon capture, utilization and storage (CCUS). In related news, a CEM8 side event saw the Asian launch of the G20 Energy Efficiency Investment Toolkit.

According to the International Energy Agency, (IEA), the energy ministers of Canada, China, Norway, and the US, as well as the Heads of delegation from Australia and the European Commission (EC), along with leaders from the industry and key organizations, gathered to discuss increased collaboration to drive further deployment of CCUS.

Energy ministers discussed investment drivers of current CCUS projects, the role of CCUS in reducing CO2 emissions while ensuring energy security, and the importance of revenue streams.

The event was organized by the IEA and China ahead of the 8th Clean Energy Ministerial (CEM8), scheduled to take place in Beijing. Discussions covered, inter alia: investment drivers of current CCUS projects; the role of CCUS in reducing carbon dioxide (CO2) emissions while ensuring energy security; the importance of revenue streams, such as from CO2 utilisation, available transport and storage options, and political leadership in securing investment in CCUS projects. [IEA Press Release]

A side event of the CEM8 organized by the G20 Energy Efficiency Finance Task Group (EEFTG) saw the Asian launch of the G20 Energy Efficiency Investment Toolkit. The event focused on the investment challenge at the core of energy efficiency and included a number of high-level participants from international and Chinese public and private financial institutions, international organizations and government.

The Toolkit was produced by the EEFTG with input from multiple partners led by the International Partnership for Energy Efficiency Cooperation (IPEEC), the UN Environment Programme Finance Initiative, and the IEA, and was first launched in Europe at the G20 Energy Efficiency Forum on 2 May in Hamburg, Germany. It is relevant to SDG 7 (affordable and clean energy), in particular target 7.3 (By 2030, double the global rate of improvement in energy efficiency). [SDG Knowledge Hub Story on the Launch of the Toolkit] [International Partnership for Energy Efficiency Cooperation Press Release]


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