The Wisconsin Carbon Dioxide Storage Unit Agreement is a legal contract that governs the storage and management of carbon dioxide (CO2) within the state of Wisconsin. This agreement is essential for ensuring the safe and effective storage of CO2 as a measure to mitigate climate change and reduce greenhouse gas emissions. Under this agreement, parties involved, such as the state government, industry, and stakeholders, collaborate to establish storage units or sites specifically designed for the capture and containment of CO2. These storage units can take various forms, including deep geological formations, saline aquifers, or depleted oil and gas reservoirs. The agreement outlines the rights and responsibilities of each party involved in the storage unit project. It sets the criteria and procedures for site selection, approval, and monitoring of CO2 storage activities. Compliance with environmental regulations, safety standards, and operational protocols is also addressed in the agreement. Additionally, the Wisconsin Carbon Dioxide Storage Unit Agreement may encompass the establishment of a regulatory framework for the long-term storage of CO2. This framework details the reporting requirements, record keeping, and verification procedures necessary to ensure transparency and accountability in CO2 storage operations. Different types of Wisconsin Carbon Dioxide Storage Unit Agreements may exist based on the type of storage method employed or the specific characteristics of the storage site. For example, agreements may be distinctive for projects utilizing geological formations for CO2 storage or those utilizing saline aquifers. Moreover, agreements may differ based on the duration of the storage arrangement, with long-term agreements accounting for extended periods of CO2 containment and management. Overall, the Wisconsin Carbon Dioxide Storage Unit Agreement serves as a critical tool in fostering sustainable carbon management practices and promoting the transition towards a low-carbon economy. It provides a legal framework to support collaboration between key stakeholders, ensuring the implementation and effective regulation of CO2 capture and storage initiatives in the state.
Wisconsin Carbon Dioxide Storage Unit Agreement
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FAQ
CCS involves the capture of carbon dioxide (CO2) emissions from industrial processes, such as steel and cement production, or from the burning of fossil fuels in power generation. This carbon is then transported from where it was produced, via ship or in a pipeline, and stored deep underground in geological formations.
There are a few commercial markets for captured CO2, such as in carbonated beverages or greenhouses that use piped-in CO2 to grow plants. And there are other, more speculative proposals to transform CO2 into valuable products like plastics and fuel.
Storage Presents Significant Risks Storage locations can leak CO2, as they are often sited near fossil fuel reservoirs. There, oil and gas wellbores provide a pathway for CO2 to escape to the surface. Those storage leaks could contaminate groundwater and soil.
The economic viability of CCS for the oil and gas sector continues to rely heavily on federal and provincial government financial support. This is in contrast to renewable technologies, which have generally required government subsidies only in the initial development phases.
Deep saline aquifers and depleted and existing hydrocarbon reservoir rocks are considered major potential CO2 storage media.
A licence in ance with the CO2 storage regulations provides a licence for exploration and exploitation of a subsea reservoir for injection and storage of CO? on the Norwegian Shelf. An exploitation licence provides an exclusive right to store CO? in the area covered by the licence.
Depth ? The CO2 storage zone needs to be located at a sufficient depth and pressure so that CO2 can be injected as a supercritical fluid. Supercritical CO2 is dense and behaves more like a liquid than a gas, allowing for storage of higher concentrations of CO2 by volume.
Sequestration in sedimentary formations is the most mature technology for long-term storage of CO2 in subsurface pore space. The requirements for secure reservoirs are described in sections Storage in Subsurface Pore Space and Geological Sequestration in Saline Aquifers and Oil and Gas Depleted Reservoirs.