The Climate Group welcomes EPA regulations on safety of CO2 capture and storage
- 30 November 2010
NEW YORK. On 22 November 2010, the U.S. Environmental Protection Agency (EPA) finalized two rules that regulate the capture and sequestration of carbon dioxide (CO2). The new rules aim to protect drinking water and to track the amount of carbon dioxide sequestered from facilities that carry out geologic sequestration. President Obama in August convened a task force to provide recommendations to govern CCS technology.
CCS is not a new concept. CO2 has been captured, transported and stored for more than 30 years in various industrial and oil and gas operations. However, the technology is not yet in operation on an industrial scale power plant.
"Carbon capture and storage (CCS) technologies have enormous potential," said Amy Davidsen, US Executive Director of The Climate Group. "These new EPA rules provide much needed regulatory clarity for project developers, policy makers and insurers committed to developing this technology at scale."
"The rules represent a major step toward creating a consistent national framework for accelerating the deployment of CCS technology in the US," said Rupert Posner, Global Director of Energy at The Climate Group. "It sends a positive signal to potential investors, something critical if we are going to see CCS deployed at scale."