Imperial College London
Alternate

Zen Makuch

Faculty of Natural Sciences, Centre for Environmental Policy

Reader in Law
 
 
 
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Contact

 

z.makuch

 
 
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Location

 

Weeks BuildingSouth Kensington Campus

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Summary

 

Publications

Citation

BibTex format

@article{Makuch:2020,
author = {Makuch, Z and Georgieva, S and Oraee-Mirzamani, B},
journal = {Fordham Environmental Law Review},
pages = {1--16},
title = {Innovative regulatory and financial parameters for advancing carbon capture and storage technologies},
url = {https://ir.lawnet.fordham.edu/elr/vol32/iss1/1/},
volume = {32},
year = {2020}
}
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RIS format (EndNote, RefMan)

TY  - JOUR
AB  - In the post-industrial age, the realisation of inherent  technical  innovation  potentials  requires that  stakeholders  develop  flexible,  cooperation-based  frameworks  if  first  mover  opportunities  and advantages   are   to   be   realised.   In   the   Paris Agreement5 implementation context,     carbon capture and storage technologies have emerged as a   complementary   adjunct   to climate   change mitigation  and a  diversified  energy  mix. However, developing  the  technology  is  not without technical and    financial    risks.    The challenge    for key stakeholders,    primarily    (but    not    exclusively) government and industry counterparts is to develop mutually  reinforcing  strategies,  regulations and policies  for  testing  and  commercialising  Carbon Capture  and  Storage  (“CCS”)technologies and networks, as that will be determinative of their fate. In   the   Paris   Agreement   implementation period,   the UK,   for   example, has   indicated   a commitment  to  bold  greenhouse  gas  reductions(57% by 2030),and investment in CCS, as part of the ambitious emissions reductions targets set forth by the European Union, the deployment of which is meant  to  count  for  20%  of  the  greenhouse  gas emissions captured by 2030. This has subsequently resulted in plans for several pilot CCS plants on UK soil.  The  up-scaling  of  CCS  to  the  demonstration level,   however,   is   dependent   not   only   on   the presence  of  sufficient  interest  and funding –an ongoing issue in the UK both pre-and post-Brexit-but also on the existence of appropriate regulatory conditions   and   options   for   additional   private financing by industrial stakeholders. Furthermore, it is important to note that the up-scaling of projects from  pilot  to  demonstration,  and further on  to  a commercial-scale, is materializing in the context of a  global  financial  crisis  and  a  dip  in  investment trust in high-risk ventures. The
AU  - Makuch,Z
AU  - Georgieva,S
AU  - Oraee-Mirzamani,B
EP  - 16
PY  - 2020///
SN  - 1079-6657
SP  - 1
TI  - Innovative regulatory and financial parameters for advancing carbon capture and storage technologies
T2  - Fordham Environmental Law Review
UR  - https://ir.lawnet.fordham.edu/elr/vol32/iss1/1/
UR  - http://hdl.handle.net/10044/1/85272
VL  - 32
ER  -
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