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CCS – OVERVIEW OF THE MODALITIES AND PROCEDURES AND THEIR IMPLEMENTATION SDM JOINT COORDINATION WORKSHOP Bonn, Germany, 24-25 March 2012.

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Presentation on theme: "CCS – OVERVIEW OF THE MODALITIES AND PROCEDURES AND THEIR IMPLEMENTATION SDM JOINT COORDINATION WORKSHOP Bonn, Germany, 24-25 March 2012."— Presentation transcript:

1 CCS – OVERVIEW OF THE MODALITIES AND PROCEDURES AND THEIR IMPLEMENTATION SDM JOINT COORDINATION WORKSHOP Bonn, Germany, March 2012

2 2 Key elements of the CCS modalities and procedures Detailed specifications for site selection (Appendix B.1) Risk and safety assessment (Appendix B.2) Environmental and socio-economic impact assessments (Appendix B.6) Detailed provisions on monitoring (Appendix B.3) Financial provisions (Appendix B.4) Detailed participation requirements for host countries (section F) Changes to the CDM registry Provisions for liability (Appendix B.5) Accounting for non-permanence / seepage (section K)

3 3 Liability and permanence – general approach 3 Geological storage risks and potential impacts Impacts to ecosystems, health, property etcPermanence Seepage at surface Human health & ecosystem impacts Damage to property and/or resources Geochemical effects Effects of reactive processes with CO 2 in the subsurface (e.g. groundwater) Geomechanical effects Induced seismicity Displacement of brines Damage to subsurface property (e.g hydrocarbons) Seepage at surface CO 2 back to the atmosphere/water column Liability Annex para 1 (j) Net reversal of storage Annex para 1 (l) Financial Provision Appendix B.4 Obligation for either host or buyer country to cancel compliance units to address non-permanence – p. 26 Supporting elements for liability & net reversal Obligation for the PPs to cancel compliance units to address non-permanence - para 24 Obligation to submit Verification Report every 5 years Transfer of liability Appendix B.5 CER reserve ([5] percent) - para 21 (b) Host country laws established para 8

4 4 A staged approach towards implementation 1.Enabling the submission of methodologies and the accreditation of DOEs: Procedures and forms for methodology submissions Revision of the accreditation standard 2.Enabling the registration of CCS project activities: Revision of the Project Standard, Validation & Verification Standard, etc Procedures and forms for requesting for registration of projects 3.Enabling the issuance of CERs from CCS project activities: Procedures and forms for requesting issuance Changes to the CDM registry and ITL Focus for 2012 Preparation in 2012, Adoption in / 2014

5 Next steps in 2012 EB67: Procedures, forms and guidelines for the submission and assessment of CCS methodologies Amendment of TORs for the Boards support structure to establish a CCS Working Group - CCS experts and Meth Panel members - Meetings only as needed Revision of the accreditation standard to enable accreditation of DOEs for CCS project activities - Possible new sectoral scope 16 for the storage of CO2 EB70: Concept note for the revision of standards, procedures, forms and guidelines to enable the registration of CCS project activities 5

6 Thank you for your attention! 6


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