Global CCS Institute – Long-term Stewardship and Liability, 2024

In September 2024, the Global CCS Institute published a report titled "Long-term Stewardship and Liability: A Balanced Approach to Legal Certainty and Site Transfer for Geologic CO₂ Storage," addressing the complexities of long-term liability in carbon capture and storage (CCS) projects. The report proposes a liability risk management framework aimed at providing legal certainty while ensuring that jurisdictions accepting the transfer of geologic storage sites are adequately resourced. It emphasizes the importance of fostering public trust, highlights the risks associated with broad liability relief for CO₂ storage operators, and advocates for clear risk management frameworks to support the transfer of storage sites to jurisdictional authorities. Additionally, the report discusses financial frameworks designed to safeguard against transferring future costs associated with storage sites to these authorities.