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The Policy And Regulations On Ccs

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2.9 Policy and Regulations on CCS 2.9.1 What Does a Comprehensive Policy Framework Look like? According to IEA’s (2012) ‘Technology Perspectives 2012 2oC’ report, limiting the long term global temperature increase to 2oC necessitates CCS to account for one-sixth of emission reduction from a ‘business as usual scenario’ by 2050 (IEA, 2013a, p.5). This implies that the amount of captured and stored CO2 across the power generation sector should hit about 7.8 GtCO2 in 2050 (IEA, 2012). Achieving these rather ambitious targets requires comprehensive policy frameworks both nationally & internationally, to promote both demonstration and commercial CCS deployment and also ensure it is undertaken in a safe and environmentally friendly manner (IEA, 2014). These policies should be inclusive enough to comprise both reliable emission reduction measures and an integrated support (including funding) for Research, Development and Demonstration (RD&D) (Figure 14) (IEA, 2012). Highlighted below are the perceived insights of a coherent and comprehensive policy framework for promoting CCS demonstration and deployment; which include the key indicators relevant for assessing government progress towards implementation of drivers for CCS demonstration and deployment (IEA, 2014b, p.11-12). 2.9.2 International Legislation and Conventions The main international conventions relevant to CCS include the 1992 Oslo-Paris (OSPAR) Convention, the United Nations Convention on the Law of the Sea (UNCLOS),

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