Carbon capture and storage: model regulatory framework
This publication, the IEA Carbon Capture and Storage Model Regulatory Framework (Model Framework), seeks to deal with the reality that such rapid expansion and scale-up of CCS technology raises a number of regulatory issues that need to be addressed in parallel with ongoing efforts to demonstrate the technical, safety and environmental viability of industrial scale CCS projects. Regulatory frameworks are required to ensure the effective stewardship of CO2 storage sites over the long term, the protection of public health and the environment, and the security of CCS activities. Appropriate regulatory frameworks are also required to clarify the rights and responsibilities of CCS stakeholders, including relevant authorities, operators and the public. Additionally, regulations are needed to underpin performance and associated incentive schemes, commercial transactions relating to CCS operations, and also to build public confidence in, and acceptance of, the technology.