The Global Carbon Capture and Storage (CCS) Institute is an independent, not for profit legal entity established under the Corporations Act 2001 to accelerate the global deployment of commercial scale carbon capture and storage (CCS) projects. Its head office is located in Canberra, Australia, with representation in North America and Europe.
Policy Rationale
The Australian Government established the Institute to accelerate the deployment of CCS technology globally. By fostering cooperation on CCS projects and technologies, and the sharing of information the Institute will play a key role – along with the International Energy Agency and the Carbon Sequestration Leadership Forum – in achieving the G8 goal of the broad deployment of CCS technology by 2020.
Establishment
The Institute was announced by the Australian Government in September 2008. It was formally launched in April 2009 and incorporated as a separate legal entity in June 2009. As a member-based international organisation, the Institute has gained strong support and in early 2011 had over 300 members, covering governments, companies and organisations that support and demonstrate a legitimate interest in the Institute's commitment to accelerating the commercial deployment of CCS.
Funding
In early 2011, the Australian government reaffirmed its commitment to the Institute by extending the term of its funding agreement. This more clearly ties the work of the Institute to the internationally agreed 2015‑2020 deployment goal for CCS. Total Australian Government funding for the Institute stands at $305 million out to 2016-17.
There has been significant in-kind support from other governments and industry members of the Institute and the announcement in 2010 of US funding to support a crucial element of the Institute’s work program reflects that the Institute has cemented its role as the international repository and disseminator of CCS knowledge and expertise.
Archives
During its establishment, and prior to its incorporation in June 2009, the Institute was located within the Department of Resources, Energy & Tourism. Information relating to this period can be found on the Institute Archives page.
Further Information
Further information on the Institute is available from its website: www.globalccsinstitute.com.