E3G puts the case for strong and early funding for CCS demonstration plants as critical for delivering climate security.
Hosted by ZERO (Zero Emission Resource Organisation) and Friends of the Earth Norway, in cooperation with E3G, the seminar entitled “Carbon storage below the North Sea Challenges and strategies for the North Sea Basin Task Force” was attended by a variety of environmental NGOs, government organisations, business and research organisations.
Focusing the possibilities for CO2 storage below the North Sea, the seminar assessed the potential for North Sea storage in helping to achieve the necessary reductions of CO2 emissions, given the state of play for Carbon Capture and Storage (CCS) in the countries surrounding the North Sea.
Climate Risk Management Policies
Nick’s presentation outlines the need to deliver climate security by avoiding important climate tipping points and transitioning to a low carbon economy. He called for the need to develop a risk management approach to climate change, claiming
"Climate risks are too high not to take CCS seriously”
Nick Mabey expresses the need for diversification in energy sources and immediate demonstration of new technologies to determine their viability, and outlines the necessary steps for building Carbon Capture and Storage strategy into current policy.
He describes ways in which to manage climate risks through economic shifts in investment and clean technologies, and defines CCS as a critical low carbon option needing immediate investment.