Bridging the gap: an analysis and comparison of legal and regulatory frameworks for CO2-EOR and CO2-CCS
1st October 2013
This paper seeks to assist policymakers in evaluating the potential for integrating supplies of captured anthropogenic CO2 into profitable EOR operations as one part of a long-term strategy for developing widespread deployment of CCS technology.
Part I reviews the existing legal and regulatory frameworks governing CO2 transactions, transport, injection and storage in the context of EOR operations.
Part II reviews the changes to this existing EOR–based framework that are in various stages of adoption in order to allow for CCS–based storage.
Part III builds on these two prior sections to summarise issues that need to be addressed, and to set forth conclusions and recommendations for steps that may be taken by jurisdictions looking to harness the potential value of CO2–based EOR as part of a long-term strategy of using CCS technology as an emissions reduction tool.
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