Overview

Why is there a need for CCS policy?

CCS deployment worldwide can be slow-moving because of economic barriers like value chain deployment and R&D costs, along with political challenges such as public acceptance issues and regulatory complexities. Solutions involve promoting CCS benefits, advocating for public action, and supporting dedicated policies. Collaboration between the private and public sectors is crucial to increase CCS deployment and decarbonization initiatives.

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How can different sectors support the development of CCS policy?

The private sector can drive technological innovation and fund CCS projects, while the public sector can provide regulatory frameworks and incentives. Economists can analyze cost-efficiency, legal experts can ensure compliance, environmental groups can advocate for sustainability, and community leaders can build public trust and collaboration, ensuring holistic policy development.

A global look

CCS frameworks worldwide: Identifying progress

CCS policy advancement is globally heterogeneous and dynamic, as illustrated by this map, with significant changes over the past five years and even larger shifts expected in the next five. Global leaders in CCS policy include the UK, Norway, the US, Canada, Denmark, Australia, and the Netherlands. While these countries lead with unique approaches, there'’s immense untapped potential for CCS development worldwide, with ample opportunities for other nations to implement successful strategies.

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Forging the ideal CCS framework

Successful CCS deployment depends on enabling a policy framework through a step-by-step approach, addressing unique challenges, and using dedicated tools at each stage. As you progress, each step becomes more technical and costly, but all the more and impactful for CCS stakeholders. Implementing a policy framework sets optimal conditions for private sector investment and public support, making CCS a viable climate solution.

Existing regulations

Existing regulations, like those for oil and gas, can be adapted to support CCS, enhancing policy implementation.

Public support

Public support for CCS policy varies due to awareness, perceived effectiveness, and concerns about impacts or costs.

Industrial & economic landscape

Policy frameworks should align with the country's economic configuration, industrial emissions, and geological storage potential

Political context

Each country's political structure and approach to regulations should be taken into account to determine what tools would fit best

Country & region overview

Evaluating current CCS progress, regional developments, and possible cross-border synergies informs future planning

National targets & strategy

Assess how CCS can fit within the country's broader decarbonization policies and climate targets

How to know what will work for you?

How can you build a CCS regulatory structure that works for you? Crafting an enabling CCS framework requires tailoring it to the specific needs of each country. It's not a one-size-fits-all endeavor. Instead, it relies on leveraging the proven tools of existing policies and regulations worldwide, while adapting them to best suit the unique context of each nation.

Frequently asked questions

Our steps for building CCS frameworks

How is CCS project funding secured or incentivized at different stages of the value chain?

To provide funding for CCS projects at various stages of the value chain, begin by identifying industry-specific needs and CO2-reduction targets. 

  1. Set clear objectives for each CCS value chain stage: capture, transportation, and storage.
  2. Allocate funds for R&D, pilot projects, and full-scale deployment.
  3. Seek tax incentives, grants, and subsidies to encourage investment.
  4. Establish partnerships between government and industry to share costs and expertise.
  5. Advocate for regulatory support, including safety and compliance measures, to build confidence and attract private investment.

How can we facilitate the safe & secure storage and transportation of CO2?

To facilitate the safe and secure storage and transportation of CO2, it is essential to identify specific regional risks and requirements. These considerations can include:

  • Stringent safety standards, regular monitoring protocols, and clear liability rules.
  • Emergency response plans and mandate thorough risk assessments.
  • Incentivizing the adoption of advanced technologies and ensure compliance through strict enforcement and penalties.
  • Collaborating with industry stakeholders to align regulations with practical needs and international best practices.

How can different levels of government address public perception of CCS?

To improve public opinion and understanding of CCS, we can:

  • Engage in transparent communication and public education campaigns.
  • Highlight the benefits of CCS for reducing emissions and combating climate change.
  • Involve community stakeholders in the planning process and address their concerns.
  • Showcase successful CCS projects and their safety records. Use clear, accessible language in all communications.
  • Ensure ongoing dialogue through public consultations and feedback mechanisms.
  • Collaborate with local, regional, and national governments to maintain consistent messaging and support.

How can we advocate for technology-neutral regulations?

To encourage impartial technology decisions:

  • Focus on performance-based standards rather than specific methodologies.
  • Define clear, measurable outcomes for CO2 capture, transport, and storage.
  • Ensure flexibility to accommodate various technologies and innovations.
  • Engage stakeholders from different sectors to build broad support.
  • Highlight the benefits of a technology-neutral approach, such as fostering innovation and competition.
  • Advocate through clear communication, emphasizing the goal of effective and efficient CCS deployment regardless of the technology used

What are the key elements of a comprehensive regulatory framework?

  • Specific objectives that address environmental, economic, and safety concerns.
  • Facilitating and encouraging stakeholder involvement, including industry experts, environmental groups, and local communities.
  • Incorporation of best practices from other regions' existing frameworks.
  • Flexible but clear boundaries that allow adaptability without scope-creep..
  • Implement a regular review and adjustment process, ensuring policies remain relevant and effective as technology and scientific knowledge evolve.

How can we encourage cooperation to facilitate cross-border projects?

To encourage cooperation and facilitate cross-border projects, we can implement several strategies:

  • Develop and implement policies that promote alignment with international standards and frameworks, ensuring compatibility and smoother integration across borders.
  • Establish clear and reliable regulatory processes to build trust among international partners and reduce barriers to collaboration.
  • Offer tax benefits or grants for multinational projects to encourage joint ventures and collaborative research efforts.
  • Streamline operations by promoting efficient data sharing and standardizing reporting requirements across countries.
  • Regularly communicate with international organizations and neighboring nations to align goals, foster a cooperative environment, and ensure mutual benefits and shared responsibilities.

Webinar

CCS policy: A practical toolkit

July 18th, 2024 | 3pm MYT, 11am Berlin, 11am NYC

Join us for our webinar on CCS policy frameworks to hear from experts on political, economic, and environmental considerations and learn strategies for gaining stakeholder buy-in for decarbonization projects.

Contact us

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