---------- Forwarded message ----------
From: "Vivian Scott" <[email protected]>
Date: 12 Jan 2015 10:18
Subject: Fwd: Red Hydrocarbon - call for speakers, Stavanger and London
conference
To: "[email protected] >> Andrew Lockley" <
[email protected]>
Cc:
Hi Andrew,
Might be of interest to some on the list
best
Viv
Call for speakers - Red Hydrocarbon conference
Stavanger, May 6 2015
London, May 11 2015
*Dear Vivian,*
Carbon Capture Journal is looking for speakers
<http://r20.rs6.net/tn.jsp?f=00130l8afORM6Vt-1eM_maWcGxmAztYwf-0xgp5MNpVmT_GWr1zCqnJZKnhT0MbEwLye8QZXH21D7ST_lXAckmcjcW8mECEUvBuV09BJ7xBp4rLJEjHcU77-wonjwn1vr8AAMMhmX9C1sCOxMh0icNcwC1aq5qUjfytrZSmKpAty0e4JQKwxvKDxw==&c=HAKjryd7W3YHj5zskvsT7JHXA1eNNGzV_MNvKXf6ren9zfZcKbQXhA==&ch=pOOZ5JhiX2JOL9dWdIrICb1rRpQkvrja385FzeubaChv67s2Pl3kcA==>
and members of a steering committee for two conferences we are planning in
May 2015 in Stavanger and London exploring Dr Rex Gaisford's idea of Red
Hydrocarbon - balancing hydrocarbon production against carbon capture and
storage.
The basic idea is that we create a hydrocarbon market - which we call "Red
Hydrocarbon" dedicated to uses for hydrocarbons where there is no net
emission to the atmosphere - either because they are burnt in a coal power
station with carbon capture, or other carbon removal technique, or used for
non combustible applications like making paint, or where the emissions are
offset against carbon capture elsewhere.
>From regulatory and economic viewpoints, we think there are many reasons
why this could be a much more effective way to manage emissions than
current schemes including the emissions trading scheme and we move away
from taxes and subsidies to cajole compliance.
A regulator can dictate that production of normal hydrocarbons, which we
call 'black', are limited to the amount allowed under the IPCC curve, and
anything beyond that needs to be red. The % red hydrocarbon in the mix can
gradually increase from 0 to 100 over a few decades as required. The entire
process is managed within normal markets without the need for government
intervention and importantly we think that all the capital investment can
be raised commercially without dipping into the public purse.
>From a marketing standpoint, we think that there are many possible market
drivers to be explored for a 'red hydrocarbon' derivatives market -
including; electricity, petrol or gas derived from red hydrocarbon.
For example, an energy investor may prefer to invest in oil companies which
produce a certain percentage red hydrocarbons, as a response to concerns
that otherwise they may not be allowed to produce all of their reserves due
to future environmental constraints.
An energy buyer - which could be a large buyer such as an airline or retail
chain, or a individual residential buyer - may wish to spend a little more
for electricity or petrol which has a certain percentage red.
Running the calculations, a country like the UK may have 50m electricity
buyers average £1000 per year. If 5% of these are willing to spend 10% more
for a mix of electricity which is 25% red, that generates £250m a year, so
raising additional investment funding.
But getting the Red Hydrocarbon market off the ground will require people
with expertise in marketing, regulation and regulatory lobbying, oil and
gas industry, market building and many other areas.
We are looking for people who have expertise who might be willing to share
it at one of our conferences - or people who have ideas - or people who are
interested in joining a steering committee.
For example, people with ideas about:
- how to start up a market + supply chain for red hydrocarbon sold at a
premium to energy buyers
- how to assess the potential size of this market
- how to set up a trading scheme for carbon capture services or red
hydrocarbon, maybe involving futures
- how to avoid the pitfalls of ETS
- how to get regulators more interested
- how to enable regulators to encourage this without looking (to their
electorate) as though they are increasing the cost of motoring
- how to enable oil companies to participate without any direct cost
increase
- how to manage all of the associated information
- whether Germany would pay extra to import red hydrocarbon based
electricity
- who might be willing to invest to set up a trading market
- how to maintain the energy and enthusiasm behind the scheme for decades
For a more in-depth understanding of how the dual hydrocarbon market could
work you can read Dr Gaisford's paper here.
<http://r20.rs6.net/tn.jsp?f=00130l8afORM6Vt-1eM_maWcGxmAztYwf-0xgp5MNpVmT_GWr1zCqnJZKnhT0MbEwLyLidEDNdCV93Zjzpsg7dfRYJvsOZlJfNp2-wlRvJCYX74LISiHlIZ2_yHUgzRHE9FDqk-TscONfLGEO96TijsEoNka-I6HyN1fM97ratzgtI=&c=HAKjryd7W3YHj5zskvsT7JHXA1eNNGzV_MNvKXf6ren9zfZcKbQXhA==&ch=pOOZ5JhiX2JOL9dWdIrICb1rRpQkvrja385FzeubaChv67s2Pl3kcA==>
You can see about our plans for our conferences in Stavanger on May 6 here
<http://r20.rs6.net/tn.jsp?f=00130l8afORM6Vt-1eM_maWcGxmAztYwf-0xgp5MNpVmT_GWr1zCqnJZKnhT0MbEwLynw3zZQxZCM7EgO3DxxUEXThGZ6ew2L0GVJ1Xy7D3IXQ_TGDzTt2Xv0kYCpnzarlW_aN0oHPOxOS83ChCaKyaXb9tPjQcqLwxcDnbDwgOk_dy1ls2KvCtW2gWukIMM3yFlRF3IFbWYbSOCTgk9GFqibJ2iuPD2SdHC9yKcwElta8VM6uX1j5Odu5dO_pS48-maShrIha5eOoCPP343WaleQ==&c=HAKjryd7W3YHj5zskvsT7JHXA1eNNGzV_MNvKXf6ren9zfZcKbQXhA==&ch=pOOZ5JhiX2JOL9dWdIrICb1rRpQkvrja385FzeubaChv67s2Pl3kcA==>
and our conference in London on May 11 here.
<http://r20.rs6.net/tn.jsp?f=00130l8afORM6Vt-1eM_maWcGxmAztYwf-0xgp5MNpVmT_GWr1zCqnJZKnhT0MbEwLyp7Ru5xafVLHLEjA7__MCOH1FrrRl47AK5aLLyy2vOr8AQU706Dk1ZTR4l5GbFxxqkkBgPhf_c2HRZ3Iucr1w8g6gLTydEimSBjWDFIuE7QfyAf2zDKXqx15H4PPe8SFPC0BU_M-8RYtPlB0ut_LLucFuAY-7MhDnca2Th1WI_VmNqWpds5bC4Q8TMTPELec2Lo2PvAKotn6tjr-UEFYWvg==&c=HAKjryd7W3YHj5zskvsT7JHXA1eNNGzV_MNvKXf6ren9zfZcKbQXhA==&ch=pOOZ5JhiX2JOL9dWdIrICb1rRpQkvrja385FzeubaChv67s2Pl3kcA==>
We'll be posting updates about the Red Hydrocarbon project on our blog site
RedHydrocarbon.com
<http://r20.rs6.net/tn.jsp?f=00130l8afORM6Vt-1eM_maWcGxmAztYwf-0xgp5MNpVmT_GWr1zCqnJZKnhT0MbEwLye8QZXH21D7ST_lXAckmcjcW8mECEUvBuV09BJ7xBp4rLJEjHcU77-wonjwn1vr8AAMMhmX9C1sCOxMh0icNcwC1aq5qUjfytrZSmKpAty0e4JQKwxvKDxw==&c=HAKjryd7W3YHj5zskvsT7JHXA1eNNGzV_MNvKXf6ren9zfZcKbQXhA==&ch=pOOZ5JhiX2JOL9dWdIrICb1rRpQkvrja385FzeubaChv67s2Pl3kcA==>
.
If you are interested in keeping up to date, you can sign up for the Red
Hydrocarbon newsletter here
<http://visitor.r20.constantcontact.com/manage/optin?v=001k6dau0Gb9W-T5nWpUl4K8EgLoAk45V78bg15-BteKoiTHZFm0PGfiIHWNwCTMGSTxYxImUciihENIjewK2-kP8ebI8iOKUDMJl5INM8gDBnkbC9m6QjfeKdrD3pwQzLV6Caub64gF_Jkqmt4gvVXcMGZDrHG7VBh>
.
If you might be interested in participating, please contact Rex Gaisford on
[email protected].
We hope to hear from you soon
Kind regards
Dr Rex Gaisford
Karl Jeffery
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