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Challenges to Commercial Scale Carbon Capture and Storage: Regulatory Framework

2015
Scholarly Work
Monica Lupion, Holly Javedan, Howard Herzog
International Policy/Guidance
Carbon Capture, Utilization and Storage → Carbon Capture and Storage
European Union, United States, Australia, Enhanced Oil Recovery, Pore Space Ownership, CCS Liability
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Summary/Abstract

This paper provides an examination of a number of key existing legal and regulatory aspects with regard to CCS. Rather than focusing on general climate change regulations, the paper targets project-specific regulation and legislation in Europe, Australia and North America that covers property rights, the permitting process, financial assurances, and long-term liability related to CO2 storage. It concludes that actions towards the construction of a workable set of regulations should be prioritized now in order to pave the way for the efficient global implementation of CCS once climate policy moves forward.

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