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International Frameworks for Carbon Capture and Storage

7 th Doha Natural Gas Conference & Exhibition. International Frameworks for Carbon Capture and Storage. Kirsti Massie - Senior Associate White & Case LLP. Importance of Regulatory Framework. Why is a Regulatory Framework Important? Certainty Removal of Existing Regulatory Barriers

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International Frameworks for Carbon Capture and Storage

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  1. 7th Doha Natural Gas Conference & Exhibition International Frameworks for Carbon Capture and Storage Kirsti Massie - Senior AssociateWhite & Case LLP

  2. Importance of Regulatory Framework • Why is a Regulatory Framework Important? • Certainty • Removal of Existing Regulatory Barriers • Incentives/Penalties • Use of Existing Regulatory Provisions INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

  3. USA • Safe Drinking Water Act • UIC • New Class VI Well • Classification of CO2 • Procedures and Processes INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

  4. Australia • Regulatory Guiding Principles • Amendment to Offshore Petroleum Act 2006 • Permitting and Licensing • “Identified Greenhouse Storage Formations” • Site Closure INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

  5. EU • Draft Directive on the Geological Storage of Carbon Dioxide • Security of Storage/Site Selection • Licensing/Permitting Regime • Site Closure and Transfer of Responsibility INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

  6. Conclusions • Long Term Liability Issues Remain • Cross Border Issues • Treatment of CCS e.g. Kyoto • Positive Incentives Needed? INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

  7. Worldwide. For Our Clients. www.whitecase.com White & Case, a New York State registered limited liability partnership, is engaged in the practice of law directly and through entities compliant with regulations regarding the practice of law in the countries and jurisdictions in which we have offices. INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

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