Summary/Abstract
This report aimed to review current laws and emerging CCS specific regulations, in different regions of the world and under different legal frameworks, concentrating on long-term liability aspects. The primary work of the study was to investigate and assess the various potential financial mechanisms for supporting CO2 liability, including an assessment of their applicability and practicality to all parties concerned, and provide recommendations based on the findings. As well as discussion on important issues such as when and how transfer of liability to the government should occur, and what these liabilities could be, the study focuses primarily on how this liability can be supported.
The report identifies and describes eighteen types of financial mechanisms.. The report describes the strengths and weaknesses of each type of financial mechanism, including an impartial assessment of its applicability and practicality to all parties concerned in relation to long-term CCS obligations.