Carbon capture, utilization and storage (CCUS) technology has significant potential to reduce greenhouse gas emissions and mitigate the impact of climate change, particularly in hard-to-decarbonize industrial and commercial sectors. CCUS involves capturing carbon dioxide (CO2) from industrial processes or power generation and utilizing it for other purposes, such as enhanced oil recovery, or storing the captured CO2 underground. CCUS technology can reduce the environmental impact of continued fossil fuel use while smoothing the transition to a low-carbon economy. CCUS can create new economic opportunities, such as the development of new industries and job creation, and can enhance energy security by diversifying energy sources.
Despite its environmental and economic potential, CCUS faces multiple barriers to widespread deployment. The National Association of Regulatory Utility Commissioners sought the support of Public Sector Consultants to explore these barriers and opportunities for the technology deployment to help decision makers navigate regulatory uncertainties.
State Regulatory Requirements
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