Webinar on Financing CCUS on April 21, 2022

The webinar "Financing CCUS", organized by our RouteCCS project team and funded by The Swedish Institute, provided an opportunity to hear from a range of relevant and interesting speakers from Nordic Investment Bank, European Commission, the Networking Group on Carbon Capture, Use and Storage (NGCCUS), The Swedish Energy Agency, Aker Carbon Capture and The Netherlands Enterprise Agency presenting the ACT initiative.

Please see the agenda here!

The webinar provided an insight into the funding and financing opportunities for CC(U)S projects, with a special focus on the Baltic Sea Region. The topics discussed were: the current and future funding options in various markets where CC(U)S is being considered; the perception of CC(U)S in the financial community; the potential roles and requirements of various financing sources, including banks and public finance institutions; the interest and capacity of identified financing sources now and in the future, and other relevant topics.

00:00   Welcome by Monika Ivandic, Uppsala University, on behalf of the RouteCCS project team

01:00   Moderator: Mayur Pal, Kaunas University of Technology
01:01   Kersti Talving and Linn Sjoblom, Nordic Investment Bank, "NIB financing approach to CCUS"
01:02   Daniel Kitscha, European Commission, "EU support for CCUS deployments: The Innovation Fund"
01:03   Gerdi Breembroek, ACT, The Netherlands Enterprise Agency, "ACT – a successful transnational funding scheme"

02:00   Moderator: Farid Karimi, Novia University of Applied Sciences
02:01   Klara Helstad, Swedish Energy Agency, "De-carbonisation of industries – some Swedish examples"
02:02   Emil Yde Aasen, Aker Carbon Capture, "Accelerated decarbonisation of European industry"
02:03   Ane Gjengedal, The Networking Group on Carbon Capture, Use and Storage (NGCCUS), "Networking on CCUS - Added value to CCUS deployment"

Svenska Institutet

Baltic Carbon Forum BCF 2022

Project phase: 2022

Funder: Nordic Council of Ministers through the Nordic Energy Research

Objective: The aim of the project is to prepare, arrange and report the BASRECCS regional conference “BCF Baltic Carbon Forum 2022” which will be held in October. The BCF is part of BASRECCS’s long-term strategy to foster large-scale development of Carbon Capture, Utilization and Storage (CCUS) in the Baltic Sea Region, as a critical carbon dioxide reduction technology for climate change mitigation. The aim of the BCF is to enable interested and engaged stakeholders to meet, discuss, share knowledge and experiences, and develop projects. The BCF2022 will therefore invite relevant experts from the BSR countries, including policymakers, financial institutes, industry representatives and academics for sharing experiences, discussion and brainstorming to identify gaps for expediting the deployment of a large-scale CC(U)S project in the Baltic Sea Region (BSR). The speakers will be invited to a) inform about the current situation regarding the development of CC(U)S and related technologies in the BSR; b) present and discuss the regionalization of ongoing and finalized projects; and c) present the ongoing and potential future cooperation and networking on CC(U)S and related technologies.

Outcome: The Baltic Carbon Forum in the autumn online and/or onsite

Contact: BASRECCS rf  and the project manager Assoc. Prof. Dr. Mayur Pal, Kaunas University of Technology, Lithuania,

Routing Deployment of CCUS in the BSR

Project phase: September 2020-April 2022

Partners: Uppsala University, BASRECCS, Tallinn University of Technology (TalTech), Polish Geological Institute-National Research Institute (PGI-NRI), Novia University of Applied Sciences, Åland University of Applied Sciences.

Funder: Swedish Institute

Objective: The overall aim is to strengthen networking on tackling climate change through technology such as Carbon Capture, Use and Storage (CCUS) in the Baltic Sea Region (BSR) between stakeholders such as authorities, companies, universities and experts in order to facilitate deployment of a large-scale CCUS project. Full-scale CCUS projects play a vital role in meeting the objectives of the Paris Agreement and in mitigating climate change.

Outcome: The outcome of the seed funding project will be a review and update of the current situation in the BSR countries concerning the whole chain of CCUS including regulations, the detailed plan for the next steps, and a list of the most potential funding sources.

Contact: Monika Ivandic, , Uppsala University, Sweden

Uppsala Universitet