Trinidad and Tobago, while a small island nation, is a tiny titan in its own right in the oil and gas industry. Like many other mature producers, it has been grappling with the challenges of embracing a just energy transition. This chapter explores the intersections of Carbon Capture Utilisation and Storage (CCUS) technology juxtaposed with its legal and regulatory frameworks. The writer examines the historical context, beginning with the nation's oil and gas industry development, its turning tides to a more prolific environmental as opposed to industry impact, and the evolution of carbon management strategies. Emphasis is placed on the role of CCUS in achieving various milestones such as reducing carbon emissions and enhancing oil recovery and how these initiatives align with global climate change frameworks. In addition, the chapter provides a comparative analysis of the legal frameworks governing CCUS, discussing both the existing regulatory structures and the gaps that need to be addressed for successful implementation. Finally, both the challenges and future prospects of CCUS projects are considered, offering insights into how Trinidad and Tobago, a nation rich in learning and lessons in carbon management, can segue towards a low-carbon future while building and sustaining its energy sector.

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CCUS in Trinidad and Tobago

  • Saelese Haynes

摘要

Trinidad and Tobago, while a small island nation, is a tiny titan in its own right in the oil and gas industry. Like many other mature producers, it has been grappling with the challenges of embracing a just energy transition. This chapter explores the intersections of Carbon Capture Utilisation and Storage (CCUS) technology juxtaposed with its legal and regulatory frameworks. The writer examines the historical context, beginning with the nation's oil and gas industry development, its turning tides to a more prolific environmental as opposed to industry impact, and the evolution of carbon management strategies. Emphasis is placed on the role of CCUS in achieving various milestones such as reducing carbon emissions and enhancing oil recovery and how these initiatives align with global climate change frameworks. In addition, the chapter provides a comparative analysis of the legal frameworks governing CCUS, discussing both the existing regulatory structures and the gaps that need to be addressed for successful implementation. Finally, both the challenges and future prospects of CCUS projects are considered, offering insights into how Trinidad and Tobago, a nation rich in learning and lessons in carbon management, can segue towards a low-carbon future while building and sustaining its energy sector.