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http://dx.doi.org/10.7837/kosomes.2012.18.6.617

A Study on Domestic Policy Framework for Application of Carbon Dioxide Capture and Storage(CCS)  

Chae, Sun-Young (Ocean Policy Research Division, Korea Institute of Ocean Science & Technology)
Kwon, Suk-Jae (Ocean Policy Research Division, Korea Institute of Ocean Science & Technology)
Publication Information
Journal of the Korean Society of Marine Environment & Safety / v.18, no.6, 2012 , pp. 617-625 More about this Journal
Abstract
This study examines the current status and policy development of Carbon Dioxide Capture and Storage(CCS), which is a technology to mitigate climate change, in Korea and foreign countries. It also analyzes IEA CCS regulatory framework as a guideline and provides limitations and implications for marine geological storage in the Republic of Korea. Although CCS master plan is established at national level, related laws are not amended and detailed polices are not yet provided. Established 'Intergovernmental CCS committee' lacks its cooperative mechanism and flexibility. Only limited and segmented economic analyses are performed and funding for large scale of CCS project is not secured. In addition, information sharing is limited and public awareness activities are insufficient. Therefore, this paper provides some policy suggestions on establishing a legal framework based on the 'Marine Environmental Management Act', strengthening the role of intergovernmental CCS committee, conducting CCS economic analysis based on various scenarios, providing economic incentives and public participation strategies, and establishing a specialized agency for information sharing.
Keywords
Climate change; Carbon Dioxide Capture and Storage; CCS regulatory framework; Marine geological storage; Marine Environmental Management Act;
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