Financial Mechanisms for Long-Term CO₂ Storage Liabilities
- 1 November 2012
- Costs of CCUS
- Storage
The study aimed to review current laws and emerging CCS specific regulations, in different regions of the world and under different legal frameworks, concentrating on long-term liability aspects. The primary work of the study was to investigate and assess the various potential financial mechanisms for supporting CO₂ liability, including an assessment of their applicability and practicality to all parties concerned, and provide recommendations based on the findings. As well as discussion on important issues such as when and how transfer of liability to the government should occur, and what these liabilities could be, the study focuses primarily on how this liability can be supported.