News
Publish date: October 17, 2011
News
A major reform contained within the proposals are to enable the leasing of pore space for the purpose storing carbon dioxide. The changes now allow for the issuing of CO2 storage licences and permits. This removes a final regulatory hurdle and allows for the development of a UK CO2 storage sector in combination with Carbon Capture and Storage.
The issuing of storage permits reduces uncertainty along the CCS value chain. Allowing prospective storage firms to secure pore space and invest in infrastructure. The timely granting of storage permits will also allow storage firms to invest in site characterisation, reducing the possibility of delay in the most critical section of the CCS value chain. Keith Whiriskey an advisor at Bellona also notes that this may allow the uncoupling of storage firms from individual CCS projects, producing a more robust and completive storage market.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.
After years of inaction, Germany is working on its Carbon Management Strategy to resolve how CCS can play a role in climate action in industry. At the end of February, the Federal Ministry for Economic Affairs and Climate Action published first key points and a proposal to amend the law Kohlenstoffdioxid Speicherungsgesetz (KSpG). Bellona Deutschland, who was actively involved in the previous stakeholder dialogue submitted a statement in the association hearing.
In the midst of a global discussion on whether natural gas should be used as a transitional fuel and whether emissions from its extraction, production, transport and use are significantly less than those from other fossil fuels, Russia has developed ambitious plans to increase its own production of liquified natural gas (LNG) in the Arctic – a region with 75% of proven gas reserves in Russia – to raise its share in the international gas trade.