Government Policies and the Oil and Gas Industry’s Focus
have Boosted Global Carbon Sequestration Activities
Reference Code: GDGE0628VPT Publication Date: MAY 2010
1 Table of contents
1 Table of contents................................................................................................................................... 1
1.1 List of Figures ................................................................................................................................. 1
2 Summary............................................................................................................................................... 2
3 Government Policies and Oil and Gas Industry’s Focus have Boosted Global Carbon Sequestration
Activities ................................................................................................................................................ 2
3.1 Rising Carbon Emissions Have Triggered the Introduction of Carbon Policies Globally................. 3
3.1.1 US Clean Energy and Security Act........................................................................................ 3
3.1.2 European Commission’s Energy and Climate Change Package ........................................... 3
3.2 Emission Trading Schemes Have Encouraged Investments in Carbon Capture and Storage
Projects........................................................................................................................................... 4
3.2.1 US Policy Initiatives and Regional Partnerships Drive the Implementation of Carbon
Sequestration Projects .......................................................................................................... 4
3.2.2 European Commission’s Energy and Climate Change Package Fortifies the Global CCS
Initiatives................................................................................................................................ 5
3.3 The Increasing Role of Oil and Gas Companies in the Development of Carbon Capture and
Storage Projects ............................................................................................................................. 6
4 Appendix ............................................................................................................................................... 7
4.1 Methodology ................................................................................................................................... 7
4.1.1 Coverage ............................................................................................................................... 7
4.1.2 Secondary Research ............................................................................................................. 8
4.1.3 Primary Research.................................................................................................................. 8
4.1.4 Expert Panel Validation ......................................................................................................... 8
4.2 Contact Us ...................................................................................................................................... 8
4.3 Disclaimer ....................................................................................................................................... 9
1.1 List of Figures
Figure 1: World, Major Sequestration Projects, 2009................................................................................ 3
Figure 2: World, Investments in CCS Projects by Geography, 2009......................................................... 4
Figur