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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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importance of regulatory framework
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)

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USA
  • Safe Drinking Water Act
  • UIC
    • New Class VI Well
    • Classification of CO2
    • Procedures and Processes

INTERNATIONAL FRAMEWORKS FOR CARBON CAPTURE AND STORAGE)

australia
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)

slide5
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)

conclusions
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)

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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)