6 May 2024
8th CCS Regulatory Network Meeting
Background
The commitment of governments in Paris in December 2015 to push for a below 2°C rise in global temperatures has underlined the importance of CCS in achieving global climate goals. The role of CCS relies on the verified safe and effective long term storage of CO2. Regulation governing CCS, and in particular CO2 storage, continues to be critical in building confidence in its safety and benefit to the climate; and also providing clarity and certainty to potential investors.
The IEA International CCS Regulatory Network has supported and charted the development of CCS legal and regulatory frameworks in a number of jurisdictions globally, and continues to provide a forum for the exchange of experiences and for consideration of key issues in regulation.
The meeting this year will focus on the development of CCS regulation in key emerging economies and the experiences of projects. As well as hearing progress updates from member governments, the meeting will seek to address two key questions: How does regulation impact the development of projects; and what are the most effective approaches for regulation in emerging economies, given the potentially different legal and regulatory contexts..
Related Links:
Carbon capture and storage topic page