Massachusetts Carbon Dioxide Storage Agreement
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How to fill out Carbon Dioxide Storage Agreement?
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FAQ
This Act ensures a permanent storage of CO2 in underground rock layers in a way that protects humanity and the environment and takes the responsibility for future generations into consideration.
The law, which was enacted in March, strengthens the state's targets by requiring it to achieve net-zero emissions by 2050, along with interim goals every ten years (50 percent emissions reductions by 2030 and 75 percent by 2040).
CO2 is transported, stored and handled in liquid form, either at ambient temperature (in cylinders or non-insulated storage tanks at a pressure of 45-65 bar) or refrigerated (in insulated tankers and storage tanks) at temperatures between -35 °C and -15 °C and pressures of 12 to 25 bar.
Creates the Underground Carbon Dioxide Storage Act. Provides that the Act applies to the underground storage of carbon dioxide but does not apply to extractable mineral resources, and the rights and requirements of the Act are subordinate to the rights pertaining to oil, gas, and coal resources.
EEA has developed a roadmap to 2050 that identifies the strategies, policies, and implementation pathways for MA to achieve at least 85% GHG reductions by 2050, including multiple pathways to net-zero emissions.
The 2050 CECP highlights a broad suite of specific goals, strategies, policies, and actions to reduce statewide gross GHG emissions by at least 85% below the 1990 baseline level, and conserve and enhance carbon sequestration on natural and working lands to help achieve Net Zero in 2050.
Usually the CO2 is captured from large point sources, such as a chemical plant or biomass plant, and then stored in an underground geological formation. The aim is to reduce greenhouse gas emissions and thus mitigate climate change.
How can CO2 be stored underground? Compressed CO2 can be injected into porous rock formations below the Earth's surface using many of the same methods already used by the oil and gas industry. The three main types of geological storage are oil and gas reservoirs, deep saline formations, and un-minable coal beds.
