The new low carbon future will demand a new approach to both assurance of performance and compliance to new regulations. Market Innovation will demand new products and services that will require assurance of quality and performance in lower carbon offerings. Transactional and warrantied performance related to carbon footprint and life cycle analysis will be required. New tax and legal regimes (such as 45Q for CCUS) will be implemented and will require change and improvement over time.
Regulatory changes will also drive compliance and the ability to warrant performance standards and operational excellence. Carbon management will impact plant performance standards, vehicle performance, building and manufacturing standards, etc. Regulatory standards will change and the CCME will be a central convener and thought leader to inform such policies.