Legislation and regulations
To our knowledge there are no regulations or legislation in South-East Asia that specifically cover CO2 transport and storage as a separate identifiable activity. Such regulations and legislation would need to be developed before these projects could proceed on a significant scale. Existing environmental legislation, the need to commissionand existing oil and gas regulations all might affect CO2 transport and storage. However, this might be by accident rather than design and it is likely that CO2 transport and storage would need to be expressly prescribed in such legislative and regulatory systems.
Some economies offer incentives for environmental management that might be relevant to and assist CO2 transport and storage. For instance, inthere are incentives in the form of tax allowances for companies that treat and dispose of toxic and by acceptable methods. Such incentives could be extended to include CO2 storage.
To our knowledge, many of the CCS environmental issues (such as log-term liability for CO2, surface rights, measuring, monitoring and verification requirements) that are being actively discussed in the USA, Canada,and other economies are not given equivalent levels of attention in South-East Asia.