According to the 1605(b) geological sequestration guidelines, does the capture and sale of CO2 yield a reduction?
The capture and sale of anthropogenic CO2 does not, in itself, yield a reduction; it is only through the long-term storage of CO2 that a reduction may be generated. For the purpose of calculating emission reductions, all sales or other transfers of CO2 to another entity must be treated as emissions in the year of the transfer. Entities that capture and sell CO2 to a third party that permanently sequestered the CO2 by injection into geologic formations may report reductions only if there is a written agreement with the third party. Alternatively, if the reporting entity both captures and stores the CO2, it has primary ownership of the reductions, and therefore would not need to obtain a written agreement.
