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Carbon Dioxide Capture and Storage in the Clean Development Mechanism: Assessing market effects of inclusion

1 November 2008
Industry Insights
Policy & Regulation

This report provides analysis on the potential impacts that inclusion of carbon dioxide capture and storage (CCS) as a clean development mechanism (CDM) project activity could have on the global carbon market. It has been undertaken in response to concerns raised about the possibility that CCS inclusion could result in the flooding of the carbon market with certified emission reduction (CERs) from CCS project activities, given the enormous scale of emission reductions potentially achievable.

Technical Review

ERM - Carbon Dioxide Capture and Storage in the clean development mechanism

1 April 2007
Industry Insights
Policy & Regulation

In September 2005 project design documents and methodologies for two carbon dioxide capture and storage projects under the Clean Development Mechanism were submitted for approval. The CDM Executive Board were unable to agree how CCS projects should be handled and sought advice from COP/MOP. This initiated a process of wider consultation. The IEA Greenhouse Gas R&D Programme sounded out its members and interested organisations to determine the level of interest in developing CCS projects under the CDM and found it to be sufficient to warrant organizing a workshop. At this first workshop, held in London in April 2006, the main issues which needed to be addressed when formulating a methodology and preparing a Project Design Document for such projects were discussed in order to determine whether a common approach was possible. Several organizations indicated that they were contemplating the possibility of undertaking CCS projects and that in some cases these might be in countries eligible for hosting CDM projects. Furthermore there was a considerable degree of consensus on how the main issues surrounding monitoring and storage site integrity could be handled.

Technical Report

Role of Risk Assessment in Regulatory Frameworks for CCS

1 February 2007
Policy & Regulation
Storage

One of the key issues that need to be resolved for wide scale implementation of CO₂ capture and storage (CCS) is that of security of storage. To gain general acceptance of the technology it will be necessary to prove that CCS is a safe and environmentally acceptable option. To resolve this issue it is considered that no single activity or action will satisfactorily answer the question alone. However, a number of different activities when taken together should be able to resolve it

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