9 - Carbon Capture and Storage

Summary

Chapter Nine analyses the regulations related to carbon capture and storage (CCS) in China, given its indispensable role in achieving the carbon neutrality target. It starts by elaborating on the essential components of CCS regulation, particularly risk allocation, to provide an analytical framework against which the Chinese regulatory framework for CCS is assessed. This chapter examines the current design of the legal and regulatory systems, identifies the regulatory gaps and uncertainties that hinder the implementation of CCS, and discusses the measures needed to address these gaps and uncertainties. It also explores the legal and regulatory implications of using CO2 as a resource, which has the potential to enhance the commercial viability of CCS and promote the development of the CO2 industry.