Summary/Abstract
The Inter-American Development Bank (IDB) provided a grant to Trinidad and Tobago to assist with the consideration of the impact of climate change into national policies and institutions. The grant program is titled Mainstreaming of Climate Change into National Development and Capacity Building for Participation in Carbon Markets (the Program). As part of the Program, the Government undertook a study to examine the feasibility of a carbon capture and storage (CCS) project in Trinidad and Tobago. The Global CCS contributed to the Program through this report titled Carbon Capture and Storage Regulatory Review for Trinidad and Tobago (the Review). The Review considers the existing legal and regulatory framework as it pertains to CCS in Trinidad and Tobago.
In particular, the Review considers how a CCS project, through its entire chain from concept and design to decommissioning, could fit into the current legal and regulatory framework of Trinidad and Tobago in 2012. Through an analysis of this framework, it is the view of the authors of this paper that a CCS project could be regulated in Trinidad and Tobago with some modification of existing laws and regulations. This is the result of the legislation that regulates a thriving oil and gas industry being in play throughout the twentieth century.