The Legal Framework for Development of CCS
The Legal Framework for Development of CCS
The Legal Framework for Development of CCS
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UK – decommissioning and transfer• Decommissioning: Energy Act 2008– Petroleum Act decommissioning provisions apply to CO 2storage installations• Transfer <strong>of</strong> responsibility: <strong>CCS</strong> Directive– Financial security covers til transfer <strong>of</strong> responsibility– Monitored on annual basis– Transfer with financial contribution– Storage <strong>of</strong> CO 2 (Termination <strong>of</strong> Licences) Regulations2011 transpose
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