IEA and China host high-level gathering of energy ministers and industry leaders to affirm the importance of carbon capture
The energy ministers of Canada, China, Norway, and the United States, as well as heads of delegation from Australia and the European Commission, along with leaders from the industry and key organisations, were invited by the International Energy Agency and China to review how to increase collaboration in order to drive further deployment of carbon capture, utilization and storage (CCUS).
The meeting was held ahead of the 8th Clean Energy Ministerial (CEM8), in Beijing. Ministers and panellists discussed the factors that have attracted investment to current CCUS projects and highlighted the importance of identifying where these factors could converge to replicate recent success with CCUS projects.
The discussion centred on the vital role of CCUS in reducing carbon dioxide emissions while ensuring energy security. Participants acknowledged the importance of revenue streams, such as from CO2 utilisation, available transport and storage options, and political leadership in securing investment in CCUS projects.
For more information, read the full press release on the IEA website.