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South Korea’s Legal and Regulatory System for Carbon Capture and Sequestration: Backgrounds, Current Circumstances, and Recommendations

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아시아태평양법연구소 (Asia Pacific Law Institute)|2018.12|Journal of Korean Law|제18권 제1호|pp. 235-268|DOI 10.23110/jkl.2018.18.1.009

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키워드

international cooperationprecautionary principleCarbon Capture and Sequestrationcarbon dioxide emission reductionCCS legal issuesliability transfertransboundary implementation

초록

In South Korea, CCS technology is a necessary and viable option, and the important thing is to build a clear roadmap for CCS legislation and regulation. South Korea’s CCS legal and regulatory systems need to be strong, set up under the principle of the precautionary principle, and in particular, it is necessary to elaborate and strengthen the standards for permit systems, environmental impact assessments, and monitoring. It is also necessary to put liability of CCS operators under the strict liability so that the strong regulatory regime can be well maintained, and that credibility on CCS investment from the private sectors can be enhanced. At the same time, South Korea needs to adopt a transfer of liability to the government after a certain period of time. Finally, if onshore sequestration becomes a reality and the issue of ownership of the pore space, which is possible sequestration areas, is raised, it is recommended to adopt the option of government ownership so that the government reduces the transaction costs and enables CCS projects to proceed quickly. In terms of preparation for an international CCS framework, South Korea needs to contemplate CCS strategies that are appropriate to the situation in South Korea.

Abstract

In South Korea, CCS technology is a necessary and viable option, and the important thing is to build a clear roadmap for CCS legislation and regulation. South Korea’s CCS legal and regulatory systems need to be strong, set up under the principle of the precautionary principle, and in particular, it is necessary to elaborate and strengthen the standards for permit systems, environmental impact assessments, and monitoring. It is also necessary to put liability of CCS operators under the strict liability so that the strong regulatory regime can be well maintained, and that credibility on CCS investment from the private sectors can be enhanced. At the same time, South Korea needs to adopt a transfer of liability to the government after a certain period of time. Finally, if onshore sequestration becomes a reality and the issue of ownership of the pore space, which is possible sequestration areas, is raised, it is recommended to adopt the option of government ownership so that the government reduces the transaction costs and enables CCS projects to proceed quickly. In terms of preparation for an international CCS framework, South Korea needs to contemplate CCS strategies that are appropriate to the situation in South Korea.

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Regulatory Frameworks for South Korea’s Offshore Caron Capture and Storage (CCS) ActivitiesRoy Partain법학연구원 · 법학논고2020 · 제69호온실가스 감축을 위한 이산화탄소 회수․저장사업의 법적 규제이문지안암법학회 · 안암법학2011 · 제36호EU 이산화탄소 지중저장 법제 현황 및 도전 과제이경아, 차종문한국자원공학회 · 한국자원공학회지2016 · 제53권 제4호CCS 환경관리에 대한 입법 동향 연구고문현, 유태신법학연구원 · 법학논총2016 · 제36권 이산화탄소 포집 및 저장단계에서 리스크를관리하기 위한 법적 연구이순자법학연구소 · 일감법학2018 · 제40호국제법적 측면에서의 이산화탄소포집저장기술 법제화 방안에 대한 소고박문숙중앙법학회 · 중앙법학2019 · 제21권 제2호

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