A rendering of the next-generation FutureGen power plant, which developers say would emit almost no pollution, turning coal into gas while capturing and storing CO2 deep underground.
AP Photo

"Proposed Roadmap for Overcoming Legal and Financial Obstacles to Carbon Capture and Storage"

Discussion Paper 2009-04, Energy Technology Innovation Policy research group, Belfer Center for Science and International Affairs, Harvard Kennedy School

March 2009

Authors: Wendy B. Jacobs, Leah Cohen, Leah Kostakidis-Lianos, Sara Rundell

Belfer Center Discussion Papers

Belfer Center Programs or Projects: Energy Technology Innovation Policy; Environment and Natural Resources; Science, Technology, and Public Policy

ABSTRACT

Many existing proposals either lack sufficient concreteness to make carbon capture and geological sequestration (CCGS) operational or fail to focus on a comprehensive, long term framework for its regulation, thus failing to account adequately for the urgency of the issue, the need to develop immediate experience with large scale demonstration projects, or the financial and other incentives required to launch early demonstration projects.  We aim to help fill this void by proposing a roadmap to commercial deployment of CCGS in the United States.

This roadmap focuses on the legal and financial incentives necessary for rapid demonstration of geological sequestration in the absence of national restrictions on CO2 emissions. It weaves together existing federal programs and financing opportunities into a set of recommendations for achieving commercial viability of geological sequestration.

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