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Developing a set of regulatory analogs for carbon sequestration

Author

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  • Reiner, D.M
  • Herzog, H.J

Abstract

Carbon capture and sequestration will require the management and storage of carbon dioxide either in geological reservoirs or in the ocean over many centuries. While the possibility of exposure leading to damages to public health, workers or the environment may be small, if there is to be widespread adoption of sequestration, then a regulatory system will need to evolve to manage the reservoirs. To better understand the drivers of a future regulatory system, the historical evolution of comparable regulatory regimes provides a useful guide when viewed through the lens of public goods problems. Other long-term storage problems that have at least some of the characteristics of carbon storage are evaluated according to the nature of risk, the credibility of the solutions, the regulatory environment and the potential to either borrow from or influence other policy problems across geographic or issue boundaries. Though none are exact analogs, as a whole, the set offers variation in key variables critical for determining the success of carbon sequestration as a viable climate policy option.

Suggested Citation

  • Reiner, D.M & Herzog, H.J, 2004. "Developing a set of regulatory analogs for carbon sequestration," Energy, Elsevier, vol. 29(9), pages 1561-1570.
    • Handle: RePEc:eee:energy:v:29:y:2004:i:9:p:1561-1570
    DOI: 10.1016/j.energy.2004.03.093
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    Cited by:

    1. Rehdanz, Katrin & Tol, Richard S.J. & Wetzel, Patrick, 2006. "Ocean carbon sinks and international climate policy," Energy Policy, Elsevier, vol. 34(18), pages 3516-3526, December.
    2. Watson, Jim & Kern, Florian & Markusson, Nils, 2014. "Resolving or managing uncertainties for carbon capture and storage: Lessons from historical analogues," Technological Forecasting and Social Change, Elsevier, vol. 81(C), pages 192-204.
    3. Wu, X.D. & Yang, Q. & Chen, G.Q. & Hayat, T. & Alsaedi, A., 2016. "Progress and prospect of CCS in China: Using learning curve to assess the cost-viability of a 2×600MW retrofitted oxyfuel power plant as a case study," Renewable and Sustainable Energy Reviews, Elsevier, vol. 60(C), pages 1274-1285.

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