Vol 1 Chapter 1: Policies and Incentives Developments in CO2 Capture and Storage Technology: A Focused Survey by the CO2 Capture Project
Arthur Lee, Dag Christensen, Frede Cappelen, Jan Hartog, Alison Thompson,
Abstract: The CO2 Capture Project organized a Policies and Incentives Team (P&I Team) in 2002 to begin studying the state of policies, regulations, incentives, and potential barriers around the world. The P&I Team had the primary mission to provide information and advice to the CO2 Capture Project’s Executive Board on these issues and any other external developments that may impact or benefit the technology program being developed by the CO2 Capture Project. The team completed two key tasks with results that are described in this paper. They are:
- A comprehensive survey of existing policies, regulations, and incentives that impact or benefit CO2 capture, injection and storage in geologic formations.
- Gap analysis necessary to formulate the regulatory and policy framework that will show how to get from “where we are” to “where we want to be” in deploying the technology.
The results of these tasks show:
- Clear momentum exists as projects are being deployed and technology continues to be researched and developed.
- The London Dumping Convention and the OSPAR Convention (Oslo Paris Convention) may apply to CO2 capture and storage deployment offshore in geologic formations. Issues for clarification may require several years of intergovernmental negotiations in order to accommodate such deployment.
- In general, there is little policy and regulatory development specifically addressing CO2 capture and storage in individual countries.
- Specific countries (Netherlands, Norway, Canada, United Kingdom (UK), and the United States (US)) are moving in the direction of policy development specific to CO2 capture and storage.
- Public awareness is low to non-existent. Some non-government organizations (NGOs) will likely play key role in the public acceptance of the technology.
- Some NGOs and the public in the European Union are becoming slightly less skeptical of the technology.
However, it is still too early to assess the level of public skepticism, which will become clearer when specific projects are reviewed for permitting or licensing. In the context of this paper, deployment of CO2 capture and storage offshore means CO2 that would be stored in geologic formations under the seabed.
Carbon Dioxide Capture for Storage in Deep Geologic Formations – Results from the CO2 Capture Project Capture and Separation of Carbon Dioxide from Combustion Sources - Volume 1
Edited by: David C. Thomas, Senior Technical Advisor, Advanced Resources International Inc, USA
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