CO2 Capture and Storage: Property Rights overview in Brazil

Isabela Morbach, Hirdan Katarina de Medeiros Costa

CO2, CCS, public choices, property rights.

Carbon Dioxide Capture and Storage (CCS) emerges as one of the possible alternatives for managing and reducing greenhouse gas emissions and consequently maintaining the temperature increase on the planet within acceptable limits. The definition of property rights and legal implications arising from it is understood as relevant along these lines. The present work aims to analyze how the legislation in force in Brazil treats the ownership rights of CO2 in the context of CCS activities, especially in the storage phase. The methodology is based on the literature review and on deduction about the legislation; also, the qualitative method is adopted. The results show that at the current level of Brazilian legislation, the delimitation of the property rights under study will occur through political decisions; later, the law shall regulate.

Received: 12 Nov 2020; Received in revised form: 01 Dec 2020; Accepted: 06 Dec 2020; Available online: 24 Dec 2020

10.22161/ijaers.712.29