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EXPERT
MEETING ON FINANCING CARBON CAPTURE AND STORAGE PROJECTS
Date: 28th-29th May
2008
New Yorker Hotel,
New York, USA
Organised
by
IEA
Greenhouse Gas R&D Programme
IEA Clean Coal Centre
World Coal Institute
Sponsored
by
Chevron

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.
Key Meeting Objectives
- Identifying key drivers on financing CCS projects
in North America by the financial sector.
- Contributing to building financial mechanisms for
deployment of CCS projects.
- Gaining access to financial information relevant
for industry, insurance companies and Government investors
in CCS projects.
- Use of futures, derivatives and insurance markets
to reduce financial risks of CCS deployment.
- Improving the awareness of the status of CCS technology
for the financial community.
Final
Report
Draft Agenda
| Day 1 Wednesday
28th May |
| 08.30 Registration
Opens |
| Session
1: The Worldwide Status of CCS: Chair
Preston Chiaro |
| 09.00 - 09.15 |
Welcome
by Barbara McKee, US
DOE |
| 09.15 - 09.35 |
Opening
Address: The Status of CCS Internationally and
Issues surrounding CCS Projects: Kelly
Thambimuthu, Chairman of IEA GHG R&D Programme |
| 09.35 - 09.55 |
WRI
Perspectives on CCS: Jonathan
Pershing, World Resource Institute
|
| 09.55 - 10.10 |
Question and Answer Chaired
by Preston Chiaro |
| 10.10
- 10.30 Break |
| Session
2: National and Regional Initiatives: Chair
Barbara McKee
Questions to address: What
is driving National Governments with CCS? Are
there lessons to apply from Europe to North America
and vice versa |
| 10.30
- 10.50 |
The
Role, Status and Financing of CCS as a Mitigation
Option in teh United States: Tom
Wilson, Senior Technical Leader, Electric Power
Research Institute |
| 10.50
- 11.10 |
Canadian
Perspective on Financing CCS: Eric
Beynon, ICO2N Group |
| 11.10
- 11.30 |
The
IOGCC Guidelines on Permitting CCS:
Lawrence Bengal, IOGCC |
| 11.30 - 11.50 |
CCS
Projects in Europe and the Issue of Finance:
Kai Tullius, Project Officer,
European Commission |
11.50 - 12.30 |
Panel
Discussion by speakers and Chaired
by Barbara McKee |
| 12.30 - 14.00
Lunch Sponsored by Chevron |
| Session 3: Financial
Industry and CCS Chair:
Milton Catelin
Questions to Address: What
financial options are available for CCS projects?
Have any banks provided finance for CCS projects?
|
| 14.00
- 14.20 |
How
Investors Look at CCS: Marc
Levinson, JP Morgan Chase
|
| 14.20
- 14.40 |
Will
Future Carbon Prices Make CCS a Viable Mitigation
Option, and what are the Key Factors Going into
Answering this Question?: Mark
Trexler, Director, Ecosecurities Global Consulting
Services. |
14.40 - 15.00 |
A
Trust Fund Approach for Accelerating the Demonstration
and Adoption of CCS:
Edward Rubin, Director, Center for Energy and
Environmental Studies, Carnegie Mellon |
| 15.00 - 15.20
Break |
15.20 - 15.40 |
Treatment
of CCS in Emissions Trading Schemes - Methodological
Issues: Robert Sussman,
Senior Fellow, Centre for American Progress |
15.40 - 16.00 |
Financing
CO2 Infrastructure:
Paul Zakkour, Principal
Consultant, ERM |
16.30 - 17.20 |
Panel Discussion Chair
Milton Catelin |
17.20 - 17.30 |
CCS
Regulatory Issues: Tom
Kerr, IEA |
| 17.30 Close
of Day 1
Reception and Dinner Hosted by World Coal Institute |
| Day 2 Thursday
29th May |
| Session 4: Project
Developers and CCS: Chair
John Topper
Questions to address: What Financial Incentives
do Project Developers Need to Accelerate CCS projects?
How is the US Developing CCS Projects? What Lessons
have been Learnt from CCS project Developing thus
far? |
08.30 - 08.50
|
Abu
Dhabi and Carson and the Commercial Aspects of
Making it Work and What is Needed from Governments:
Preston Chiaro, Chief Executive,
Rio Tinto Energy and Chairman of WCI |
| 08.50 - 09.10 |
Challenges
for Early Movers - The ZeroGen Experience:
Anthony Tarr, CEO, ZeroGen
|
| 09.10 - 09.30 |
AEP
and CCS: Bruce Braine,
AEP |
09.30 - 09.50 |
Ongoing
CO2 Capital and Transport Costs:Gary
Loop, Senior VP and Chief OPerating Officer, Dakota
Gas |
09.50 - 10.20 |
Panel discussion by speakers Chair
John Topper |
| 10.20
- 10.40 Break |
| Session
5: Insurance and Liability Related to CCS Projects
Chair Arthur Lee
Questions to address: Can
the insurance industry provide risk options for
CCS? What frameworks are currently being used
to address liability risks? |
| 10.40
- 10.55 |
Risk
and Liability Overview: Terminology, CCS Uncertainty
in Different Parts of the CCS Lifecycle, and Past
Industry Experience. Chiara
Trabucchi, Principal, Industrial Economics
|
| 10.55
- 11.10 |
Introduction
of Panel:
Lindene Patton, Chief Climate
Product Officer, Zurich Financial Services
Rick Hawkinberry, Senior Vice President, Willis
Environmental Practice
Adrienne Atwell, Senior Vice President, Swiss
Reinsurance America Corporation
Chiara Trabucchi, Principal, Industrial Economics
|
11.10 - 12.30 |
Panel
Discussion of speakers: Chair
Arthur Lee |
| 12.30
- 14.00 Lunch sponsored by Chevron |
| Session
6: Investment in CCS Chair
John Gale
Questions to address: What
are green investors looking for and how does that
fit with CCS? |
| 14.00
- 14.20 |
Coal
Technology Investment Developments and Issues
Concerning CCS in Australia: Ross
Willims, Chairman, Australian Coal Association
Low Emissions Technologies Ltd (ACALET) |
14.20 - 14.40 |
Preliminary
Risk Rating Results: Coal-based Plants with CCS:
Andrew Paterson, ECONERGY |
| 14.40 - 15.00 |
Investment
in CCS: Mark Taylor,
Associate, New Energy Finance |
| 15.00
- 15.20 Break
|
15.30 - 16.15 |
Panel discussion by Speakers and all Chairs
Chaired by Preston Chiaro |
16.15 - 16.30 |
Wrap Up: Preston Chiaro |
| 16.15 Close
of Meeting |
Registration
Please note there is a resistration
fee for non speakers of €130
Attendee Login
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from IEA GHG, please enter your access key in the box
below to make the €130 registration fee payment.
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