Key Messages
- Global Interest in CCS: There is a strong and growing global interest in carbon dioxide (CO2) capture and storage (CCS) as a strategy to mitigate greenhouse gases.
- Continued Role of Fossil Fuels: Coal and other fossil fuels will continue to play a significant role in providing energy in the future.
- CCS as a Mitigation Strategy: CCS allows the continued use of these resources while pursuing energy efficiency, renewables, and nuclear energy.
- Legal and Regulatory Challenges: Significant work is needed at local, national, and international levels to facilitate large-scale CCS projects.
- Urgent Need for Clear Guidance: Governments need to develop "fast track" regulatory approaches to speed up the implementation of CCS projects.
- Public Acceptance: These projects will increase public acceptance and understanding of CCS technology.
Introduction
The International Energy Agency (IEA) has initiated a series of workshops to analyze the legal aspects of CO2 storage. The first workshop in 2004 began the process, and the second workshop in 2006 made significant progress by collecting case studies and sharing legal and regulatory developments worldwide. This book compiles essential information on the legal, policy, and regulatory principles for CCS.
Background Information
- IEA Overview: The IEA is an autonomous organization established in 1974 within the framework of the Organisation for Economic Co-operation and Development (OECD). It works to implement an international energy program among 26 OECD member countries.
- OECD Overview: The OECD is a unique forum for 30 democracies to address economic, social, and environmental challenges. It also focuses on new developments such as corporate governance and the information economy.
National Legal and Regulatory Frameworks
- Goals of Regulation: Ensuring safety, environmental protection, and public health.
- Jurisdictional Issues: Determining the authority and responsibilities across different jurisdictions.
- Access, Ownership, and Property Rights: Addressing issues related to land use and property rights.
- Government Incentives: Providing support through tax incentives, grants, and emissions trading schemes.
- Public Participation: Ensuring public involvement in decision-making processes.
International Marine Environment Protection Instruments
- Background: The London Convention framework and other international agreements.
- The London Convention: A framework for protecting the marine environment from dumping activities.
Conclusion
The IEA continues to provide valuable insights and guidance to the international community on CCS. Future work is needed to improve investment security and facilitate the advancement of this critical technology.
