ACT ON CARBON DIOXIDE CAPTURE, TRANSPORT, STORAGE, AND UTILIZATION

CHAPTER I GENERAL PROVISIONS

Article 1(Purpose) #

The purpose of this Act is to prevent the serious impacts of the climate crisis and to contribute to the sustainable development of the national economy by prescribing matters necessary for technology development and industrialization required for efficiently capturing carbon dioxide emitted from industrial activities and other sources and either storing it underground or utilizing it for industrial and daily life purposes.

Article 2(Definitions) #

The terms used in this Act are defined as follows:

1. The term "capture" means the collection of carbon dioxide emitted from sources of greenhouse gas emissions, such as industrial activities, or present in the atmosphere, into containers or facilities for domestic or international storage or utilization;

2. The term "transport" means the act of delivering captured carbon dioxide (referring to carbon dioxide streams under Article 10(1) of the Management of Marine Debris and Contaminated Marine Sediment Act and carbon dioxide prescribed by Presidential Decree; hereinafter the same shall apply) to storage sites or utilization business facilities, for domestic or foreign storage or utilization, by means prescribed by Presidential Decree;

3. The term "storage" means the permanent isolation of captured carbon dioxide from the atmosphere, to prevent its leakage into the atmosphere, by injecting it into domestic or foreign onshore or offshore geological formations;

4. The term "utilization" means converting captured carbon dioxide into substances useful for human life or economic activities and using them as industrial resources, or directly using exhaust gases containing carbon dioxide;

5. The term "carbon dioxide transport pipeline" means a pipeline and related facilities for transporting captured carbon dioxide, as prescribed by Presidential Decree;

6. The term "storage site" means a place that meets the standards prescribed by Presidential Decree, for storing captured carbon dioxide in onshore or offshore geological formations, to prevent its leakage into the atmosphere or ocean.

ACT ON CARBON DIOXIDE CAPTURE, TRANSPORT, STORAGE, AND UTILIZATION

Article 1(Purpose) #

Article 2(Definitions) #

Article 3(Responsibilities of the State)

Article 4(Relationship to other statutes) #

Article 5(Master plans for CCUS) #

Article 6(Action plans for CCUS) #

Article 7(Reporting on plans for installation of carbon dioxide capture facilities) #

Article 8(Approval for carbon dioxide transport business) #

Article 9(Safety management regulations) #

Article 10(Safety managers) #

Article 11(Safety inspections) #

Article 12(Entry onto another person's land) #

Article 13(Approval for exploration of storage sites) #

Article 14(Selection of candidate storage sites) #

Article 15(Publication of candidate storage sites) #

Article 16(Revocation of selection of candidate storage sites) #

Article 17(Closure of storage sites) #

Article 18(Permission for storage business) #

Article 19(Grounds for disqualification for storage business entities) #

Article 20(Succession of business) #

Article 21(Succession of disposition effects) #

Article 22(Reporting on commencement of business) #

Article 23(Revocation of permission for storage business) #

Article 24(Penalty surcharges) #

Article 25(Formulation of monitoring plans) #

Article 26(Prohibited acts) #

Article 27(State of carbon dioxide to be stored) #

Article 28(Operation of storage sites) #

Article 29(Designation of carbon dioxide capture, storage, and utilization clusters) #

Article 30(Support for clusters) #

Article 31(Revocation of designation of clusters) #

Article 32(Evaluation of operation of clusters) #

Article 33(Special cases regarding supply of carbon dioxide supply) #

Article 34(Certification of carbon dioxide utilization technology and products) #

Article 35(Certification of specialized carbon dioxide utilization enterprises) #

Article 36(Support for research, development, and dissemination of CCUS-related technologies) #

Article 37(Implementation of demonstration projects) #

Article 38(Special cases for demonstration projects) #

Article 39(Subsidies and loans) #

Article 40(Investment of funds in CCUS projects) #

Article 41(Development of professional human resources) #

Article 42(Promotion of international cooperation) #

Article 43(Standardization of technology) #

Article 44(Establishment of Carbon Dioxide Capture, Storage, and Utilization Promotion Center) #

Article 45(Establishment and operation of public monitoring system) #

Article 46(Disclosure of monitoring results) #

Article 47(Reporting and inspection) #

Article 48(Issuing orders to take measures to storage business entities) #

Article 49(Hearings) #

Article 50(Delegation of authority and entrustment of tasks) #

Article 51(Legal fiction as public officials for purposes of applying penalty provisions) #

Article 52(Penalty provisions) #

Article 53(Joint penalty provision) #

Article 54(Administrative fines) #