Storing carbon: options for liability risk management, financial responsibility

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Courtesy of Bloomberg BNA

The authors of this article say the technical complexity, economic impacts, social demand, and political challenges underpinning the deployment of carbon capture and storage technology to reduce greenhouse gas emissions from coal-fired electric power generation are daunting, but not unprecedented. In response to these challenges, the authors recommend the creation of a new “federal government corporation” in combination with a suite of financial risk management mechanisms to ensure the deployment of carbon capture and storage technology in an efficient, safe, and environmentally balanced manner.

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