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Washington University Undergraduate Research Digest: WUURD 5(1)
Peer Editor: Danielle Wallis; Faculty Mentors: Daniel Giammar and Maxine I. Lipeles
Carbon capture and storage (CCS) is being proposed as one of many mitigation options for climate change, in large part because of its potential impacts on the coal industry in the U.S. This novel technology, however, comes with many risks that must be considered in formulating its regulatory framework. Sequestering carbon dioxide, CO2, underground for long periods of time poses potential hazards to human health and the environment. In addition to geological risks, however, a comprehensive policy for CCS must include issues such as liability and financial mechanisms, which ensure the long-term integrity and maintenance of a storage site. Regulatory analogs such as Superfund and RCRA provide a useful background for the success of such mechanisms in other frameworks. The analysis of the risks and regulatory analogs makes it clear that it is reasonable and legally feasible for companies that invest in carbon sequestration to shoulder the costs pertaining to remediation and monitoring.
From the Washington University Undergraduate Research Digest: WUURD, Volume 5, Issue 1, Fall 2009. Published by the Office of Undergraduate Research.
Henry Biggs, Director of Undergraduate Research and Associate Dean in the College of Arts & Sciences; Joy Zalis Kiefer, Undergraduate Research Coordinator, Co-editor, and Assistant Dean in the College of Arts & Sciences; Kristin Sobotka, Editor.
Greenman, Kelly, "A Regulatory Framework for Carbon Sequestration: Liability and Financial Mechanisms" (2009). Washington University Undergraduate Research Digest, Volume 5, Issue 1.