Tag: carbon capture and storage

Legal and Regulatory Frameworks for CCUS: IEA Report

This IEA CCUS Handbook is a resource for policy makers and regulators on establishing and updating legal and regulatory frameworks for CCUS. It identifies 25 priority issues that frameworks should address for CCUS deployment, presenting global case studies and examining how different jurisdictions have approached these issues. The handbook is supported by a web-based legal and regulatory database, and model legislative text that is found at the end of this report.

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Carbon Capture in the Southeast Asian Market

In recent years, Carbon Capture Utilization and Storage (CCUS) discussions have gained traction in Southeast Asia (SEA). With the technology-intensive nature of CCUS, several countries could provide reference points for the CCUS potential in Asia: China, Japan, and South Korea. All three countries have a long history of technology leadership and energy investments in the region. Their experiences with CCUS can provide a glimpse into the future path of CCUS in SEA.

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CCUS Projects and US Federal Environmental Laws

Carbon capture, sequestration, utilization, and storage (CCUS) will be essential in meeting the Biden administration’s net zero GHG emission goals, as the chair of the White House Council on Environmental Quality (CEQ) acknowledges that “to reach the President’s ambitious domestic climate goal of net-zero emissions economy-wide by 2050, the United States will likely have to capture, transport, and permanently sequester significant quantities of carbon dioxide.”

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Carbon Capture gets $35 million in a fundraising round

Carbon Capture has announced a $35 million Series A fundraising round. The company is a climate-tech firm that creates machines to capture carbon dioxide from the environment. With this new round of fundraising, the company now has over $43 million in total equity funding.

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Australia provides $180 million in grants to promote carbon capture

Australia has committed to providing $180 million in grants to support the development of carbon capture, use and storage (CCUS) projects, part of a broader technology push to help cut carbon emissions, while still allowing for the use of gas and coal. The funds will be used to support the design and construction of carbon capture hubs and shared infrastructure, as well as carbon capture technology research and commercialization, and the identification of viable carbon storage sites.

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The Role of CCUS in Accelerating Canada’s Transition to Net-Zero

Canada has been an enthusiastic developer and implementer of carbon capture, utilization and storage (CCUS) technologies, currently accounting for nearly 20 per cent of installed CCUS capacity globally. This paper by Nnaziri Ihejirika, Research Associate, The Oxford Institute for Energy Studies explores the recent developments in the CCUS space in Canada, the major opportunities and outlook.

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Carbon Capture and Storage under Australia’s Emissions Reduction Fund

In 2020 the Australian Government’s Low Emissions Technology Statement identified carbon capture and storage (CCS) as one of several priority low emissions technologies. At the request of the government and against the backdrop of emerging projects, the Clean Energy Regulatory began developing a CCS method (or methodology) under the Emissions Reduction Fund. Inclusion under the ERF would allow CCS projects to generate Australian Carbon Credit Units (ACCUs) and thereby generate income.

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