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Public–private sharing of carbon sequestration risk

2024
News/Commentary
Felix Mormann
Federal Policy/Guidance
Carbon Capture, Utilization and Storage → Carbon Capture and Storage
Carbon Capture, Utilization and Storage
CCS Liability
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Summary/Abstract

This comment argues that carbon capture and sequestration (CCS) have long been recognized as critical components of any meaningful decarbonization strategy. To help catalyze the necessary CCS rush, policymakers should build on the positive experience with public–private risk sharing in another high-stakes segment of the energy economy — the nuclear power industry. Using the United States as a representative case study, this comment makes the case for a multi-tiered framework, backed by residual government responsibility, to manage long-term risk and liability for carbon sequestration in America and beyond.

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