Carbon Capture and Storage
Allen & Overy is at the forefront of this developing climate change technology, advising on carbon capture and storage matters. Our global projects team work with a mix of clients across corporates, financial institutions, multi-laterals, NGOs and governments.
We are intricately familiar with the technology, the issues from both a sponsor’s and a lender’s perspective and, importantly, the solutions that will ensure that a bankable financing is delivered.
As global energy markets shifts focus towards reducing greenhouse gas emissions and creating renewable energy sources, power developers and energy suppliers are turning their attention towards clean energy transition. Use of Carbon Capture and Storage (CCS) projects to accelerate towards net-zero emission targets demonstrates the critical role this technology plays on the global stage.
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Publications
Legislation
- House Committee on Ways & Means Amendments to "Subtitle F - Infrastructure Financing and Community Development", September 12, 2021
- House Committee on Ways & Means Section-by-Section Breakdown of "Subtitles F, G, H & J"
- House Committee on Ways & Means Section-by-Section Breakdown of ""Subtitle I – Responsibly Funding Our Priorities""
Other links
- United States Green Bank Act of 2021
- ACCESS 45Q Act
- America's Clean Future Fund Act
- Carbon Capture Moderization Act
- Carbon Capture, Utilization, and Storage Tax Credit Amendments Act of 2021
- CATCH (Coordinated ActIon To Capture Harmful Emissions) Act
- Clean Energy for America Act
- Growing Climate Solutions Act of 2021
- Save America's Clean Energy Jobs Act
- SCALE - Storing CO2 and Emissions Act
Our experience
Summit Carbon Solutions
Summit Carbon Solutions in connection with the structuring and financing of a USD4.5 billion operation consisting of a portfolio of emitters (and associated CCS technologies), pipelines and sequestration facilities.
Two major U.S. financial institutions
Two major U.S. financial institutions in connection with developing a program for lending to CCS ethanol and hydrogen projects on the sponsor and sequestration side; discussing “direct pay” implications in the event of a legislative change.
A leading publicly-traded oilfield services provider
A Middle East company
A Middle East company on developing a CO2 capture and transportation project in the Emirate of Abu Dhabi, the first CO2 grid in the Emirate of Abu Dhabi.
An international synthetic fuels company
An international synthetic fuels company on the Carbon Capture and Storage Regulatory Environment Review including reviewing the legislative and regulatory environment for carbon capture and storage in each of the EU, UK, France and Germany.
SK E&S
SK E&S on the development and operation of the Caldita-Barossa LNG Project and Darwin LNG back-fill and tie-in project, including in relation to the proposed development and operation of an associated CCS project utilising the (depleted) Bayu-Udan gas field and associated qualification for, and utilisation of, carbon credits.
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News and insights
Publications: 23 November 2023
Perspectives on the energy transition in emerging markets
Much has been made of the need for a just energy transition, where developing economies are supported to achieve Net Zero. But there’s also a vast amount of climate innovation taking place outside the…
Publications: 23 November 2023
Carbon capture and storage – challenges and potential in the Gulf Cooperation Council
Carbon capture and storage is increasingly being put forward as a key part of reaching Net Zero. As the technology, regulation and market strategies evolve and new projects are commissioned around the…
Blog Post: 07 December 2022
David Lee, partner and head of the global infrastructure group, senior associate Victoria White, and Phil Beattie, head of strategic relationships at SparkChange, join Brenna Speiser, senior manager…
Blog Post: 23 November 2022
Global carbon markets - slow progress made at COP27
COP27 made little progress on rules for a global carbon market, leaving proposals from the US and Africa to further shape the existing voluntary carbon markets.