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
26 March 2024
Country has Europe’s largest CO₂ storage potential but regulatory and policy issues must be resolved to enable growth, says Offshore Energies UK
26 March 2024
Largest investment to date will support emission reduction projects across multiple sectors including refining, steel and cement
19 March 2024
Commodity trading companies are set for a key role in shaping green supply chains and providing carbon market liquidity
15 March 2024
Oil major explores potential expansion of Canadian project as investment in CCS gathers pace