Carbon Capture and Storage: Efficient Legal Policies for Risk Governance and Compensation

Michael Gebert Faure, Roy A. Partain

Research output: Book/ReportBook

Abstract

This book provides theoretical and practical solutions to the liabilities and damages that might result from the implementation of onshore geological carbon capture and storage activities. Its theoretical model is derived from liability and accident models taken from the law & economics literature. It also reviews historical antecedents. A variety of liability rules, regulatory options, and compensation mechanisms are rated and evaluate for comparable levels of welfare efficiency. The book provides implementable recommendations for policy makers and legislators.
Original languageEnglish
PublisherThe MIT Press
Number of pages376
ISBN (Electronic)9780262337304
ISBN (Print)9780262035590
Publication statusPublished - 1 Mar 2017

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Keywords

  • carbon capture and storage (CCS)
  • liability rules
  • Regulation
  • compensation mechanism, side payment, trust game, signaling, crowding out, concerns for equity taste for cooperation
  • mechanism design
  • gas storage
  • law and economics, tort law, civil liability, regulations, private regulations, methane hydrates, gas hydrates, energy law, accident law, Shavell, Posner, Faure, offshore, energy, natural gas
  • law and economics

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