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Carbon capture and storage : emerging legal and regulatory by Ian Havercroft, Richard Macrory, Richard Stewart

By Ian Havercroft, Richard Macrory, Richard Stewart

Carbon seize and garage is more and more considered as some of the most major methods of facing eco-friendly apartment gasoline emissions. serious to realising its capability may be the layout of powerful criminal regimes at nationwide and overseas point which can deal with successfully the demanding situations raised yet with no stifling a brand new expertise of strength nice public profit. those comprise long term legal responsibility for garage, legislation of delivery, the therapy of saved carbon less than emissions buying and selling regimes, problems with estate possession, and more and more the sensitivities of dealing with the general public engagement and belief. considering its e-book in 2011 Carbon catch and garage fast turned required interpreting for all these or engaged via the necessity to enforce regulatory methods to CCS. The intervening years have visible major advancements globally. Many past versions are actually in strength. a couple of governments have sought to enhance their frameworks. regardless of most of these advancements, the expansion of expertise has been slower than that required less than foreign types. This well timed re-creation will replace and severely determine those updates in addition to delivering context for the improvement of CCS in 2017 and past.

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5). While most scenarios try to emphasize a decrease in the use and impact of these fuels in the future—the IEA 2008 “Blue Map” being one—there are very few scenarios that consider abandoning fossil fuels to be possible from a demand perspective [27]. The example from the box above illustrates that—as highlighted in the previous section—on a percentage basis, fossil fuels have dominated the global energy portfolio for some time. Furthermore, they appear within most mainstream “global energydemand” scenarios, where they provide a significant portion of the world’s energy needs (more than 60% in 2050).

It is also noteworthy that China has benefited significantly from clean-technology transfer initiatives and is now emerging as the global leader of renewable technology production [16]. There are numerous factors contributing to the rapid economic development taking place in rising economic powers like China, and it would be inaccurate to attribute observations such as those presented here solely to their less-stringent environmental regulations. In fact, the above examples demonstrate significant progress on the part of the PRC, where not all of the clean-tech/renewable-tech being produced is exported.

Continuing to increase carbon prices and restrictions within Annex I countries without establishing a mechanism to combat carbon leakage is more likely to drive a shift to fossil fuel use than to real global emissions reductions. 9). Ultimately, if the impetus to reduce emissions remains based upon expectations that Annex I countries will work together for the greater good, it will be impossible to achieve the emissions-reduction goals set by the IPCC. At present, the market for most goods and services is increasingly globalized, and on average fossil fuels remain the cheapest energy source available to power that market.

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