Using Carbon Capture, Utilization, and Storage to Reverse the Trend of Carbonization

The Glasgow COP 26 called for decisive and swift action to fight climate change. Now is the time to put global devices in place to reverse the trend of carbon emissions.

The current energy crisis, amplified by the conflict in Ukraine, demonstrates the urgent need to phase out carbon emissions and implement the right incentives for CC(U)S (carbon capture, utilization, and storage) in the private sector.

The Paulson Institute, The International Finance Forum, and The Task Force on Carbon Pricing in Europe hosted speakers and panelists from the US, EU, and China. The experts looked at the technical issues to overcome for large use of CC(U)S. To cope with what could be a major breakthrough in fighting global warming, the event focused on market, legal, and regulatory dimensions.

Sessions centered on the use of sectoral carbon markets with sectoral carbon prices determined as the right incentives for firms to retrofit their plants, coming from the foregone cost of carbon emissions and the use of carbon market receipts to help fund the necessary investments.

8:00–8:04 am ET/7:00–7:04 am CT

Welcome Remarks
Edmond Alphandéry, Chairman of the Task Force on Carbon Pricing in Europe 

8:04–8:28 am ET/7:04-7:28 am CT
Introductory Session—Carbon Capture, Utilization, and Storage: An Appraisal

Moderator:  Sylvie Cornot-Gandolphe, Associate Research Fellow at the Center for Energy & Climate of the French Institute of International Relations
Mathilde Fajardy, CCUS and Energy Analyst at the International Energy Agency
Guloren Turan, Gen. Manager for Advocacy & Communications at the Global CCS Institute 

8:28–9:20 am ET/7:28–8:20 am CT
Session 1—Technological Challenges Raised by CC(U)S Development

Moderator:  ZHAI Yongping, IFF Academic Member, Senior Advisor of Tencent
                      Strategic Development Department
Graciela Chichilnisky, Founder and CEO of Global Thermostat
Lamberto Eldering, Business Developer Low Carbon Solutions at Equinor,
                   Vice Chairman of the Zero Emissions Platform
XU Dong, Director of Carbon Neutralization Research Center of New Energy Institute,
                  China Energy Corporation 

9:20–10:20 am ET/8:20–9:20 am CT
Session 2—Incentives for Business to Invest in CC(U)S

Moderator:  Julien Perez, Vice President Strategy & Policy at the Oil and Gas Climate
                       Initiative (OGCI)
Jean-Pascal Clémençon, Sr. Vice Pres. Strategy & Markets at TotalEnergies
LV Xuedu, Former Chief Climate Change Specialist of Asian Development Bank
Ian Riley, CEO of the World Cement Association

10:20 am–11:06 am ET/9:20–10:06 am CT
Session 3—Regulatory Environment

Moderator:  Dan McDougall, Senior Fellow at the Climate and Clean Air Coalition
Guest speaker:
Juho Lipponen, Coordinator of the CCUS Initiative of the Clean Energy Ministerial
David Boublil, Dep. Head of the Unit on Indirect taxation and Tax Administration, Directorate-General for Taxation and Customs Union, European Commission
Edmond Alphandéry, Chairman of the Task Force on Carbon Pricing in Europe 

11:06–11:10 am ET/10:06–10:10 am CT
Concluding remarks