Palo Alto, CA, April 22, 2009 — The Electric Power Research Institute (EPRI) announced its support as a founding member of the Global Carbon Capture and Storage Institute (GCCSI) initiative, an Australian-led effort launched in Canberra that is targeted at accelerating worldwide development of carbon capture and storage (CCS) technologies.
EPRI has signed a memorandum of understanding to support the initiative by providing independent technical expertise and information and helping coordinate global research, development and demonstration of CCS. EPRI already has established industry research collaboratives in support of a number of technology pilot and demonstration projects for CCS and other low-carbon technologies.
Australian Prime Minister Kevin Rudd said his country will work cooperatively with other nations to help reduce the amount of CO2 released into the atmosphere. Rudd said Australia is committed to establishing the Institute and to continue contributing over $70 million annually towards its operation.
The Institute is intended to help identify and support carbon capture and storage (CCS) research and demonstration projects needed to pave the way for global commercial deployment by the end of the next decade. About 80 percent of Australia’s electricity generation is coal-fired, and coal is the country’s largest export, earning an estimated $43 billion in 2008-09.
About half of power generation in the United States comes from coal. EPRI’s analysis, “The Power to Reduce CO2 Emissions: the Full Portfolio,” shows that by deploying a full portfolio of advanced, cost-effective technologies — including CCS — the U.S. electricity sector can substantially lower the cost of reducing CO2 emissions.
EPRI now is working on a global version of this analysis, known as PRISM, which will look at the growth of emissions in developing countries and highlight the need for work by the GCCSI and other organizations in accelerating the deployment of the full portfolio of generating technologies to limit the increases in electricity costs worldwide.
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