Act on the Capture, Transport, Storage and Utilisation of Carbon Dioxide (Carbon Dioxide Storage and Utilisation Act)

South Korea's Act on the Capture, Transportation, Storage and Utilization of Carbon Dioxide establishes the country's first comprehensive legal framework for carbon capture, utilization and storage (CCUS). Enacted in 2024 and entering into force in 2025, the Act regulates the entire CCUS value chain—from carbon capture and transport to geological storage and industrial utilization—while providing financial, technical, and administrative support for the development of a domestic CCUS industry. The Act introduces licensing, safety, and monitoring requirements for CCUS activities; creates procedures for the development and management of carbon storage sites; recognizes captured carbon dioxide as a usable resource; and provides financial and institutional support for CCUS technologies, demonstration projects, and industrial development. The Act is intended to accelerate the deployment of CCUS as a key component of South Korea's carbon neutrality strategy.