Addressing the APPEA National Conference yesterday, Allison Warburton pointed to the fact that the process, which involves the capture, transport, injection and storage of CO2 emissions into deep geological formations, was still in an experimental phase.
“If geosequestration does prove to be a viable technology, major regulatory changes will be required to facilitate large-scale commercial use,” she said.
New legislation would primarily target the CO2 injection and storage part of the process, Warburton said.
“The early part – capture and transportation – is already well-regulated in the industry,” she said.
“However, there’s plenty of tricky legal issues surrounding the untried part of the technology – the CO2 is injection underground and what happens to it afterwards.”
Warburton identified the main legal issues facing geosequestration as:
In her “wish-list” for carbon capture regulation, Warburton said she believed the development of the sector would work best with: private sector participation, nationally consistent regulations, further analysis into the different types of storage reservoirs, suitably licensed operators, policies addressing land and storage access, and a compensation regime for landowners.
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