Key Points:
The inclusion of carbon capture and storage in the Clean
Development Mechanism at COP17 is a milestone
decision.
Developing countries can now earn certified emission reduction
credits for any greenhouse gases injected and stored as part of
carbon capture and storage (CCS) CCS projects
after CCS was introduced into the Clean Development Mechanism (CDM)
at the latest round of talks at the Climate Change Conference (COP
17) held in Durban this month. The decision came on the last day of
two weeks of intense negotiations.
The inclusion of CCS in the CDM is a milestone decision and sets
an important precedent for a greater widespread implementation of
CCS technology as credits generated from CCS projects in developing
countries may be sold for value, or credited towards meeting that
country's Kyoto targets.
