The European Union’s legal framework addresses They may contain incidental associated substances the CCS project lifecycle, through the introduction of derived from the source material and the capture a Directive that is focused upon the storage aspect of and sequestration processes used; and the process and several wider amendments to a body of EU environmental, energy and planning legislation. [...] In focusing the regulatory framework upon the storage aspect of the CCS process and utilising pre-existing legal instruments to manage some of the risks associated with 4.3 The emergence of CCS- the capture and transport aspects of the process, the Directive offers a comprehensive CCS-specific regime. [...] The result was the Under Subpart RR of the Reporting Rule, which applies removal of several discrete barriers to the commercial to any operator with a Class VI well permit (or a Class II deployment of the technology and the establishment of operator that chooses to opt-in to the program), facilities a regulatory model for CCS activities. [...] In these instances, operators are obliged resulted in the adaptation of mechanisms presently used to ensure that monitoring techniques, throughout the in the regulation of the extractive and waste industries, lifetime of the project, reflect practical experience and to manage the risks associated with CCS operations. [...] While the nature and scope of these financial security provisions varies greatly, with The development of the various CCS-specific regimes, some jurisdictions yet to provide full guidance as to the as well as the project-level experience garnered by exact nature of the required security, the underlining operators, policymakers and regulators to-date, also policy goal of reducing the exposure of th.
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- Australia
