Carbon capture and storage under the clean development mechanism – An overview of regulatory challenges
The safe and secure deployment of Carbon Capture and Storage in developing countries could be a way to reconcile their economic development with the objective of climate change mitigation. The Clean Development Mechanism could provide the required additional financial incentive to enable the implementation of CCS projects. However, the inclusion of this technology in the CDM faces important regulatory challenges that cannot always be answered on the basis of the existing methodologies. The Conference of the Parties serving as the meeting of the Parties has announced the necessity of further guidance. In this context, this article identifies and offers elements of an answer to the key issues at stake.