Many nations will need CCUS to hit their net-zero targets
OECD nations lead on CCUS regulation
Storage site inspections and measurement, monitoring and verification are vital for oversight of sector, says IEA
Australia, Norway, the EU and the US are the regions with the most advanced regulatory frameworks for carbon capture utilisation and storage (CCUS), according to an analysis of IEA data. Establishing measurement, monitoring and verification (MMV) plans and putting in place rules for storage site inspections are key pieces of regulation required before CCUS projects can be fully implemented, according to the IEA handbook on CCUS regulation. “[An MMV] plan or process is at the core of any effort to ensure safe and secure operations,” the handbook says. “A measurement, monitoring and verification plan or process is at the core of any effort to ensure safe and secure operations” IEA Curr
Also in this section
13 December 2024
Prices in world’s largest compliance market have risen this year but remain below those seen in the EU
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
