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CCUS Licensing, Leasing, and Permitting Review Q3 2025
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Report summary
Q3 2025 marked significant progress in global carbon storage development across regulatory frameworks, permitting, and operational milestones. The Northern Lights joint venture began commercial carbon injection operations in Norway, marking a major CCS milestone. The US equalized 45Q tax credits across all CCS applications while proposing to repeal a program key to 45Q reporting requirements. Global permitting advanced as Arizona gained Class VI primacy, Japan issued offshore permits, and Alberta approved injection schemes. The UK also closed nominations for its second carbon license round.
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