The STRACO2 Project is designed to support the ongoing development and implementation of a comprehensive regulatory framework in the EU for Carbon Capture and Storage (CCS) technologies for zero emissions applications. It also aims at building a basis for EU-China cooperation on CCS.
Climate change cannot be tackled by one country or region alone. Establishing a workable regulatory system of CCS in the EU is part of developing international best practices. A regulatory framework will allow the EU and China to push forward with developing CCS technologies and provide a basis for the commercial deployment of CCS. The current project is targeted at supporting the needs of policy makers in the area.
STRACO2 has five major objectives:
1. Identifying Science and Technology development priorities in multiple aspects of technical applications and regulations for specific themes including:
- CCS technologies
- Safety and liability of applications
- Compliance and testing of technologies and projects
- Cross-cutting technical themes
2. STRACO2 will facilitate and increase Science and Technology cooperation at the EU level. This will strengthen the link with other ongoing CCS research activities and form the basis for a future European Roadmap for CCS Research.
3. STRACO2 will identify through research important issues that would have to be taken into account when developing a regulatory framework including:
- Incentivisation schemes
- Financing mechanisms
- International trade (and dialogue with associated international bodies)
- Technology transfer
- Socio-economic impacts
4. STRACO2 aims at establishing the EU regulatory framework as the basis for dialogue and priority setting with regulatory authorities in China with a view to furthering joint activities.
5. STRACO2 will facilitate and increase Science and Technology cooperation at the international level with China by including Chinese partners in project activities.