| This technical committee will deal with standardization of activities in the field of carbon dioxide (CO2) capture, transportation, utilization and storage (CCUS) as well as activities in the field of carbon accounting. Standardization includes but is not limited to the full lifecycle of CCUS projects (e.g. design, construction, commissioning, operation / use, inspection and maintenance, abandonment / end of life) and will cover discipline specific (occupational) health, safety and environmental aspects, risk management, lifecycle assessment, CO2 composition and measurement, quantification and verification, and monitoring. Standardization also includes developing a harmonized carbon accounting system, building on established calculation methodologies, frameworks and chain-of-custody models to enable unambiguous, reliable and transparent business-to-business, business-to-government and business-to-consumer communication about the trade of CO2 and possibly other greenhouse gases either physically (e.g. CO2 as commodity / raw material) or administratively (e.g. carbon credits, carbon take back obligation). |
