Leakage is a risk with carbon storage projects – NZ’s new framework must be clear on how to deal with this liability

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Leakage is a risk with carbon storage projects – NZ’s new framework must be clear on how to deal with this liability

Shutterstock/Oksana BaliThe government recently announced a framework to regulate carbon capture, utilisation and storage (CCUS) by New Zealand companies. Energy and Climate Change Minister Simon Watts outlined new rules that would allow emitters to capture their carbon dioxide (CO₂) emissions and inject them underground for permanent disposal. They would then avoid having to pay for those emissions under the Emissions Trading Scheme. Globally, …