An International Regulatory Framework for Risk Governance of Carbon Capture and Storage

Abstract

CO2 capture and storage (CCS) in geological structures and its possible risks have been topics of extensive study in recent years. In contrast, the legal and regulatory structures necessary to support widespread capture and long-term, secure storage have received far less attention. This essay seeks to bridge this gap by building on existing CCS risk literature and outlining some of the key components of an international risk governance framework necessary for the widespread diffusion of CCS. The discussion is summarized by making preliminary recommendations on attributes that an effective regulatory regime for CCS should possess.