Key Financing Principles for CCUS

15th of September 2020 | 16:00 – 17:00

Event Overview

How can we kickstart significant investment into carbon capture projects? What action is needed from government, industry and the financial community to make CCUS a more interesting investment proposition? At this event, the CEM CCUS Initiative will launch the “Key Financing Principles for CCUS”, crafted in consultation with representatives of financial sector organisations. Earlier in 2020, the CEM CCUS Initiative established a Finance Sector Lead Group for CCUS, bringing together finance-sector institutions from around the world in a series of meetings to discuss the challenges and opportunities of CCUS financing. Throughout the process, the group created a set of key financing principles that outline how to support a business case for CCUS and to kick-start the financing of CCUS projects globally. This event will bring together representatives from CEM CCUS Initiative member countries, the financial community, and industry to launch the principles and to discuss their key features and CCUS investment. The event also includes a brief “fireside chat” with a CEM CCUS Initiative member country minister, to reflect on the panel discussion and on key requirements to accelerate CCUS more broadly.

Speakers

HRH Prince Abdulaziz bin
Salman Al Saud

Minister of Energy,
Saudi Arabia

HE Tina Bru
Minister of Petroleum and
Energy, Norway

Dr. Fatih Birol
Executive Director, IEA

Mr. Mark Sisouw de Zilwa
Managing Director, Energy –
Head Technical, ING Bank

Ms. Natalia Kulichenko-Lotz
Lead Energy Specialist in the
Energy and Extractive Global Practice at the World Bank

Mr. Allan Baker
Managing Director, Global
Head of Power Advisory and Project Finance, Société Générale

Mr. Anthony Yuen
Managing Director and the
Head of Energy Strategy, Citi Group

Mr. Jarad Daniels
leads the Office of Strategic
Planning, Analysis, and Engagement within the Department of Energy (DOE) Office of Fossil Energy

Ms. Sue-Ern Tan
Group Carbon Relations
Manager at Royal Dutch Shell

Agenda

16:00 – 16:10

Welcome
Event chair: Mr. Jarad Daniels, US
Department of Energy; welcoming words by HRH Abdulaziz bin Salman Al Saud, Energy Minister, Saudi Arabia; Intervention by Fatih Birol, IEA Executive Director

16:10 – 16:20

Key Financing Principles for CCUS
Jarad Daniels, US DOE; Anthony Yuen, Citi

16:20 – 16:50

Panel discussion and reactions
Anthony Yuen, Citi; Allan Baker, Société Générale; Mark Sisouw de Zilwa, ING; Natalia Kulichenko-Lotz, World Bank; Sue-Ern Tan, Oil and Gas Climate Initiative; Jarad Daniels, US Department of Energy

16:50 – 17:00

Fireside chat with HE Tina Bru, Minister of Petroleum and Energy, Norway
HE Tina Bru; Jarad Daniels

17:00 – 17:00

End of event

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