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CCS Policy Development Approach & Preliminary Results

CCS Policy Development Approach & Preliminary Results. Shuvendu Bose May 24, 2011. Agenda. Clarify what to do in Phase 1? Make sure everyone is on the same page! Illustrate how to complete Phase 1? Approaches (Methodology)

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CCS Policy Development Approach & Preliminary Results

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  1. CCS Policy DevelopmentApproach & Preliminary Results Shuvendu Bose May 24, 2011

  2. Agenda • Clarify what to do in Phase 1? • Make sure everyone is on the same page! • Illustrate how to complete Phase 1? • Approaches (Methodology) • Preliminary findings on “Relevant Issues of Concern for Policy Making” (i.e. the Drivers) • Propose meeting schedule

  3. What to do in Phase 1? Alternative 1 Review on Existing Policy in Other Economies • Economic & Finance Theory Review on Existing Legislation & Development Work Packages Generic Drivers Local Gaps Economic Analysis CCS Policy MC inputs Alternative 2 suggested Review on Existing Policy in Other Economies • Economic & Finance Theory Review on Existing Legislation & Development Work Packages Generic Drivers Local Gaps Economic Analysis CCS Policy MC inputs

  4. Progress Update • Developed a Framework to Map the Policy Drivers.* • Identified Major Drivers. * CCS Policy literature do not cover issues that are deemed properly regulated by existing legislation.

  5. Framework • Main drivers • Asset • Finance • Technology Licensing Development Licensing Operation Development Licensing Usage & Storage Operation Development Closure Post-Closure Transport Operation Closure Capture Closure • Main interactions • Renewable Energy • Int’l CarbonOffsetting • Int’l Law • Electricity & Water Markets Source Time

  6. Asset Offtaker Ownership Usage (e.g. EOR) CO2 Specification Int’l Law Asset Monitoring & Reporting Ownership Facility EHS Liability Access

  7. Finance Scale Cost Public Engagement Uncertainty & Volatility Finance Risk Sharing Electricity Revenue Gas Domestic Supply & Demand on CO2 Oil CO2 Value Water Int’l Carbon Offsetting

  8. Technology Pilot Program Next generation Int’l Collaboration Technology Existing Tech Development Domestic R&D Commercially Feasible Diffusion Tech Transfer

  9. Next Steps • Step 1: Identify Driver Associations • Couple the three dimensions of drivers • Develop a Matrix to illustrate the associations • Step 2: Identify Working Packages • Criteria of Parceling: • Interdependency • Substitution of association • Time • Step 3: Develop Terms of Reference

  10. Matrix

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