California's Policy Approach to Develop Carbon Capture, Utilization and Sequestration as a Mitigation Technology
While California has been at the forefront in adopting an aggressive climate change mitigation policy, it has taken a more measured and tentative approach toward creating an enabling policy and a regulatory framework for carbon capture, utilization and sequestration (CCUS) technologies to contribute to greenhouse gas (GHG) reductions. In 2005, the Governor's Executive order S-3-05 required that California reduce GHG emissions to 1990 levels by 2020 and to 80% below 1990 levels by 2050. In 2006, State Assembly Bill 32 codified the 2020 goal into law. The cap-and-trade system recently adopted in California to address the GHG reduction mandates of Assembly Bill 32 would seem to encourage pursuit CCUS technology projects by industrial emitters, but uncertainties preclude developing viable business cases. Uncertainty includes a lack of data on the costs of capture and storage and the lack of cap-and-trade accounting protocols for CCUS technologies. Although these protocols are scheduled to be developed, they will lag the initialization of cap-and-trade in 2012.
Author(s): Elizabeth Burton, Niall Mateer, John Beyer
CIEE Program: Carbon Sequestration
Document Type: Publications
Filename: GHGT-11-CA-policy.pdf
Publisher: Elsevier Ltd.
Year Published: 2013