REGULATION OF THE GEOLOGICAL STORAGE OF CARBON DIOXIDE IN BRAZIL

Carbon capture and storage (CCS) technology has been receiving a lot of attention since the 1990s because it has been chosen as an option for mitigating climate change. The legal and regulatory frameworks necessary for the broad development of this technology are considered incipient in most countries, as in Brazil. This study showed that Brazil doesn't have specific laws for the regulation of CCS. It can be concluded that Brazil can build on existing regulation in the mining and oil industry to develop a specific regulation on CCS. It was possible to observe, based on the existing regulations in the U.K., the E.U., Denmark, Australia, the USA, and Canada, that for regulation to be effective, consideration of factors such as clarity and efficiency of the administrative process of applying for and obtaining approval for CCS projects and long-term liability for closure, monitoring, and accidental releases of CO2 is essential.