| limate Group recently released a report on China's | | | | public-private partnerships and other mechanisms |
| CCS technology (carbon capture and storage | | | | have been applied, but so far the international |
| technology) development prospect. | | | | community undertook to provide application, the |
| Report under the International Energy Agency (IEA) | | | | quantum of funding for CCS is about 40 billion U.S. |
| statistical estimates, CCS emission reduction | | | | dollars, accounting for only IEA Forecast Year 2010 |
| contribution of emission reductions from the 2020 | | | | -2020 31% of the investment required. |
| total of 3% to 10% in 2030 and in 2050 will reach | | | | From the current CCS technology development and |
| 19%, a reduction the largest single share of | | | | market conditions, the demonstration phase of the |
| technology. Report, IEA in the comprehensive | | | | public welfare than profit, the early demonstration |
| analysis of the various mitigation technologies in the | | | | stage of financing can not rely on market |
| long-term mitigation costs that, CCS technology, use | | | | mechanisms, requires direct government investment. |
| of lower total abatement cost - Not adopted CCS | | | | In the large-scale promotion stage, can use |
| technology, if in the circumstances to achieve the | | | | low-carbon energy supply quotas to mandatory |
| temperature Kongzhimubiao, Name Dao 2050 The | | | | promotion of a standard form, carbon pricing into the |
| total reduction in use of CCS technology than the | | | | global carbon market, CDM mechanism, the auction of |
| cost of a 70% increase. | | | | carbon credits and increased tax transactions, price |
| Report that, CCS may be occupied by low-carbon | | | | changes for free credits, new tax and mechanism of |
| technologies in China and Chinese enterprises to enter | | | | financing of non-tax special charges. After the |
| the high international market opportunities. Although | | | | commercialization of the CCS, private capital will play |
| the Chinese Government has not yet developed a | | | | a leading role. On a single technology, private capital |
| clear strategy for CCS development, but so far, the | | | | may be in early access, advanced technology and |
| Chinese in terms of R & D projects or | | | | equipment manufacturing markets to seize. However, |
| demonstration on, have some achievements. If China | | | | the level of activity depends on private capital climate |
| can advance CCS technology Heights occupied, then | | | | policy uncertainty, and a clear return on investment |
| in the last 30 years with accumulated equipment | | | | potential. |
| manufacturing capacity, China has the market in the | | | | Fifth, to develop prevention-oriented, rights and |
| next CCS occupy a place of great potential, Chinese | | | | responsibilities to distinguish between the CCS safety |
| enterprises can take into the international market. | | | | laws and regulations. |
| Reported that the CCS in the power industry will | | | | Sixth, the establishment of effective mechanisms for |
| become China's main applications. China has thousands | | | | international cooperation. |
| of coal conversion plant, and the combination of the | | | | 7 is to establish a clear industrial development policies. |
| field of coal conversion, probably in China, a major | | | | 8 is to promote cross-sectoral cooperation of |
| feature of the development of CCS. However, CCS | | | | stakeholders. CCS cross-coal, electricity, oil and gas, |
| is still affected by the rapid development of | | | | transportation, chemical and other industries, many |
| technology, capital, security management, and | | | | companies involved, and involve a number of large |
| industry chain development, cooperation and other | | | | state-owned enterprises within the industry. CCS |
| aspects of international and domestic factors, in | | | | understanding of these enterprises are different |
| order to achieve these wonderful visions, need to | | | | strategies differ, both common interests, but also a |
| work in the following areas: | | | | conflict of interest. How to coordinate the interests |
| First, to achieve a legal basis to promote an | | | | of large state-owned enterprises, to develop |
| international climate agreement. | | | | cross-sectoral coordination mechanisms, while avoiding |
| The second is to improve the level of CCS | | | | the government over the enterprise and the market |
| technology and security. Government needs to | | | | intervention of the Government in the policy making |
| introduce a clear policy to support the development | | | | complex issues to consider. |
| of the CCS technology. | | | | Report that, CCS technology is still in early stages of |
| Three demonstration projects to accelerate the | | | | development, CCS whether as expected, become an |
| process of screening the best combination of | | | | important climate change mitigation technology |
| technologies. | | | | transition, and is a large-scale applications, will depend |
| Fourth, establish a clear investment and financing | | | | on many factors. In the international climate policy, |
| mechanisms to enhance public investment to attract | | | | the participation of domestic stakeholders and |
| private capital into the development. CCS in the world | | | | co-operation, intellectual property transfer, |
| there are huge funding gap, and the lack of clear | | | | technology, security, financing's correct address, and |
| investment and financing mechanisms. Direct | | | | demonstration projects, the State's macro-policies of |
| investment in the government and large enterprises, | | | | these cancers Du Jiang Jueding CCS in China Zuizhong |
| government subsidies, tax cuts, public funds and | | | | direction. |