The Global Institute for CCS

The Major Economies Forum on Energy and climate change, at the G8, was the perfect chance for presenting the new Global Carbon Capture and Storage Institute of which Enel is a founding member. The aim is to promote throughout the world the creation of structures and technologies that transform the emissions into resources

 

Within the G8 in L'Aquila the Australian Prime Minister, Kevin Rudd, presented to the press the new Global Carbon Capture and Storage Institute in which Enel is a founding member.

"The purpose - explained Rudd - is to promote throughout the world the creation of structures and technologies that may transform the emissions into resources". The CCS Global Institute will be based in Australia and all the G8 countries will be founders., U.S. President Barack Obama, British Prime Minister Gordon Brown, Canadian Prime Minister Stephen Harper, Mexican President Felipe Calderón and the President of the Republic of Korea Lee Myung-bak, all went on stage to speak in support of the initiative.

Reaffirming the goals and principles of the UN Framework Convention on Climate and recalling the declaration adopted in Toyako, Japan, in July last year, the leaders of the MEF also agreed targets for reducing CO2 emissions, planning to cut them down to 50% by 2050, and the efforts to limit to 2 degrees Celsius the temperature increase. Particular attention to poor countries and developing countries, which must be included in the process of combating climate change even through aids that may help them development and uptake eco-friendly technologies.

The point of connection for the 17 (Austria, Brazil, Canada, China, European Union, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, South Africa, Britain and the United States) is the development of "green" investments as an instrument of economic and the environmental recovery, even through the experimentation of "global partnerships to push for climate-friendly technologies with low carbon content”.

The Declaration of the MEF recites: "We will decisively increase and coordinate public investments in research, development and presentation of these technologies, with the idea of doubling this type of investments by 2015, while recognizing the importance of private investments, of public-private partnership and of international cooperation, including regional centers of innovation, focusing on energy efficiency, solar power, CCS technology, bio-energy and other sustainable technologies.

MEF Leaders reiterated their determination to meet again in December, in Copenhagen, at the UN Conference on Climate Change, to proceed further on this road.

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