UNFCCC Releases Venezuela’s Position on Carbon Dioxide Capture and Storage in Geological Formations as CDM Project Activities

January 2009: The UNFCCC Secretariat has released an addendum containing the position of Venezuela on the issue of carbon dioxide capture and storage in geologic formations as Clean Development Mechanism (CDM) project activities established in the Kyoto Protocol under discussion in the UNFCCC Subsidiary Body for Scientific and Technological Advice (FCCC/SBSTA/2008/MISC.10/Add.1).

In the addendum, Venezuela informs that it does not support the proposal that capture and storage of carbon dioxide in geologic formations be considered as one of the viable activities to be included in the CDM, since it considers it necessary to have the scientific understanding to determine the scenarios of risks posed by this activity. [The Addendum]