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IEA Greenhouse Gas R&D Programme
The Orchard Business Centre
Stoke Orchard
Cheltenham
Gloucestershire
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T: +44 (0)1242 680753
F: +44 (0)1242 680758
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Financing Workshops |
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EXPERT
MEETING ON FINANCING CARBON CAPTURE AND STORAGE PROJECTS
Date: May 31st - June
1st, 2007
Rembrandt Hotel, 11
Thurloe Place, London, England
Organised
by
IEA
Greenhouse Gas R&D Programme
and IEA Clean Coal Centre
Sponsored
by
Rio
Tinto and World Coal Institute

Picture from the Rembrandt
Hotel Web Site
  

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Background
The purpose of the meeting is to increase
the involvement of experts from the financial sector
and to discuss financial Instruments with industry and
Government representatives to identify, encourage and
develop world-wide collaboration and practical development
of financial mechanisms to accelerate the use of CCS
projects from R&D to commercial reality. The UNFCCC
twelfth Conference of Parties (COP) in Nairobi, Kenya
has effectively delayed the use of the Clean Development
Mechanism (CDM) as a means of incentive until COP 14.
Therefore it is important to identify other financial
options and frameworks to move forward in the development
and implementation of CCS projects
Key Meeting Objectives
- Identifying key drivers on financing CCS projects
by the financial sector
- Contributing to building financial mechanisms for
demonstration CCS projects
- Gaining access to financial information relevant
for industry and Government investors in CCS projects
- Financing and business planning for CCS demonstration
plants
- Options for consortium arrangements for CCS demonstration
plants
- Use of futures, derivatives and insurance markets
to reduce financial risks of CCS demonstration plants
- To determine whether to establish a International
Network for Carbon Capture and Storage Financial Instruments
to encourage and develop world-wide collaboration
and practical development of financial instruments
to accelerate the use of CCS projects from R&D
to commercial reality.
Agenda
Final
Report Summary
| Day 1 Thursday 31st May |
| Session 1: Opening
Session: The status of CCS |
0800 |
Registration Desk opens |
0900 |
Welcome
by John Topper, Managing
Director of the Operating Agent for the IEA GHG
R&D Programme and IEA Clean Coal Centre |
0905 |
Opening Address: Preston
Chiaro, Chairman of the World Coal Institute and
Chief Executive of Energy for Rio Tinto:
Issues
surrounding CCS including current financial Incentives
and government regulations for CCS Projects internationally |
0930 |
Leo Meyer, Head of the
Technical Support Unit for the Intergovernmental
Panel on Climate Change (IPCC) WG III (Mitigation):
The
Role of CCS as a Mitigation Option within the
IPCC Fourth Assessment on Climate Change Report
|
0950 |
Heleen Groenenberg, ECN,
The Netherlands: Options
for incentivizing CCS: the EU ETS vs. additional
policy instruments.
|
1010 |
Discussion Group made up of speakers and Chaired
by Preston Chiaro |
| 1030
Morning Tea/Coffee |
1050 |
Malcolm Wilson, Director
of Centre for Studies in Energy and Environment,
University of Regina: Results
of Recent Innovation Forum on the Clean Carbon
Economy concerning CCS. |
1110 |
Peter Cook, Chief Executive,
CO2CRC: : The
Otway Project; how it is financed, what corporate
structure is used, how liability and licensing
issues are being addressed, how the project is
insured and what are the implications for other
Australian CCS Projects
|
1130 |
Mark Trexler, Director,
Ecosecurities Global
Consulting Services: Will
future carbon prices make CCS a viable mitigation
option, and what are the key factors going into
answering this question?
|
1150 |
Panel Discussion by speakers and Chaired
by Preston Chiaro |
| 1215
Lunch sponsored by the World Coal Institute |
| Session
2: Industrial Perspectives on CCS and Experience
|
| 1330 |
Hans-Wilhem
Schiffer, Senior Manager Energy Economics, RWE
Power AG: The
Financial Aspects of Implementing an IGCC CCS
Project in Germany |
| 1400 |
Michel Myhre-Nielsen,
Manager CO2 Value Chains, Statoil New Energy:
A Norwegian Perspective on Ongoing CCS Projects
including the Mongstad project |
| 1430 |
Bob Stobbs, Executive
Director, SaskPower: The
SaskPower Project |
| 1500 |
Panel Discussion by Speakers and Chaired
by Harry Audus |
| 1530 Afternoon Coffee/Tea Break |
| 1600 |
Brian
Count, Chairman, Progressive Energy, United Kingdom:
Building a CCS Project in the UK and the financial
issues |
| 1630 |
Mark Crowther, GASTEC
at CRE: Mersey
and Dee Basins Carbon Capture Scheme Inaugural
Discussions |
| 1700 |
Panel
Discussion by Speakers and Chaired
by Harry Audus |
| 1715 Close Day 1
19.00 Reception and Dinner Hosted by Rio Tinto |
| Day 2 Friday 1st June |
| Session 3: Banks,
Insurance and financing CCS projects |
0900 |
Opening of Day Two by Chairman:
Milton Catelin, Chief Executive of the World Coal
Institute |
0905 |
Anthony White, Managing
Director of Market Development and Chairman of
Advisory, Climate Change Capital:
Equity and venture capital investment in CCS,
what are the current options? |
0925 |
Matthew Elkington, Vice
President, Marsh Risk Consulting Practice:
Options
for managing liability in CCS projects. |
0950 |
Adam Whitmore, Director,
Economic Consulting, Deloitte:
Policy options for incentivising low carbon power
generation in different jurisdictions |
1020 |
Panel Discussion made up of speakers and Chaired
by Milton Catelin |
| 1040
Morning Tea/Coffee |
1100 |
Gerhard Mulder, Vice
President Commodities Derivatives Market, ABN
AMRO:
Incentivizing CCS through market based mechanisms.
Presented by Jos Cozijnsen,
CJ Consulting |
1130 |
Jeff Chapman, Chief Executive
for the Carbon Capture and Storage Association
(CCSA): Possible
Regulatory Options for the UK Government to Enable
CCS Projects |
| 1200 |
Discussion,
wrap up and next steps led by Chairman:
Preston Chiaro |
| 1230 Lunch sponsored by the World
Coal Institute and close of workshop |
Registration
Click here to register
IEA GHG reserves
the right to restrict the number of participants from
individual organisations. |
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Travel Arrangements
Airport:
Nearest international Airports are:
Gatwick Airport
Taxi
to Central London £91
Train
to London Victoria £14.50 single
Heathrow
Airport
Taxi
to Central London £57
Train
to London Paddington £14.90
London Underground
Hotel
Rembrandt
Hotel
11 Thurloe Place,
London, SW7 2RS,
England
Tel: + 44(0)20 7584 6454
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