Carbon capture and storage (CCS) is the technological process of capturing carbon dioxide from a power plant or industrial activity and the storage of that captured carbon dioxide in an underground basalt formation, saline aquifer, depleted oil and gas reservoir, or sub-sea geologic formation.
Requires that a certain portion of electricity supplied by utilities be low or no-emission electricity to the extent it is cost effective, including via carbon capture and storage.
Requires fossil-fueled thermal electric generating facilities of 25-350 MW capacity to implement CO2 mitigation program, including through geologic or non-geologic sequestration.
Implements carbon dioxide mitigation program for thermal electric generating facilities of greater than 350 MW capacity, and allows mitigation through geological carbon sequestration.
Requires permits for geologic CO2 sequestration and creates special revenue account for deposit of permitting fees and directs the Department of Environmental Quality to develop rules for operational standards, monitoring, and maintenance of wells.
This paper seeks to provide an examination of the regulatory options for CCS in the European Union and to review the proposals for the resolution of legal ambiguity around CCS.
This comment describes the three major methods for carbon sequestration and examines the sequestration component of the initiatives in California and the northeastern states.