News: EU regulatory framework for safe underground storage of CO2 complete

[tweetmeme http://www.URL.com%5D The European Commission today finalised an important further building-block of the EU regulatory framework for the safe implementation of carbon capture and storage technologies (CCS) by adopting guidelines to ensure that emissions from CCS will be monitored consistently across Europe. CCS is a technology to combat climate change that involves capturing CO2 from the emissions of large industrial installations, transporting the CO2 to a suitable underground or undersea geological site and then injecting it into the geological formations for permanent storage. Environmental controls on CCS are already in place under the 2009 CCS Directive and the technology is recognised under Phase III of the EU Emissions Trading System (EU ETS) by the revised ETS Directive. To make inclusion of CCS in the EU ETS operational, however, monitoring and reporting guidelines are needed to provide a methodology for quantifying emissions from each stage of the CCS chain. Although the guidelines are technically not required until 2013 when Phase III of the ETS starts, the Commission is acting now to provide regulatory certainty and finalise the world’s most comprehensive legal framework for the environmentally secure use of CCS. The guidelines take the form of an amendment to Commission Decision 2007/589/EC, which sets out the monitoring and reporting requirements for all installations under the ETS.

Read more about the ETS here: http://ec.europa.eu/environment/climat/emission/mrg_en.htm

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