Monitoring and reporting of GHG emissions from CCS operations under the EU ETS

Abstract

AbstractThe EU Emissions Trading Scheme (EU ETS) may prove a powerful incentive to advance operations of CO2 capture and storage (CCS) in the European Union, provided that the CO2 market price is sufficiently high and predictable, and CCS operations will be included in the scheme. This will require clear rules for accounting emissions from CCS installations. The European Commission aims to complement the 2007 Monitoring and Reporting Guidelines (MRGs) for the EU ETS with annexes for CCS operations. This paper presents insights gained from work on these MRGs