This is a risk assessment initiative, with activities ongoing at the National Energy Technology Laboratory and four other national laboratories across the United States, including collaboration with industry, regulatory organizations, and other types of stakeholders. The overall objective is the development of defensible, science-based methodologies and tools for quantifying leakage and seismic risks for long-term carbon dioxide (CO2) geologic storage. The anticipated outcome is removal of key barriers to the business case for CO2 storage by providing the technical basis for quantifying long-term liability. To that end, National Risk Assessment Partnership (NRAP) has developed and released a series of computational tools (the NRAP toolset) that are being used by a diverse set of stakeholders around the world. The toolset is expected to help storage site operators design and apply monitoring and mitigation strategies, help regulators and their agents quantify risks and perform cost-benefit analyses for specific carbon capture and storage (CCS) projects, and provide a basis for financiers and regulators to invest in and approve CCS projects with greater confidence because costs' long-term liability can be estimated more easily and with greater certainty.
Recognized by the Carbon Sequestration Leadership Forum (CSLF) at the 2017 Mid-Year Meeting in May 2017.