1.2.1 Risks - general considerations

Monitoring according to the European CCS Directive has to be based on a risk. "Risk" is generally defined according to ISO31000:2009 as an "effect of uncertainty on objectives". Therein effect means any deviation from the expected; the uncertainty results from a lack of knowledge or understanding about events, consequences, or likelihood. This general definition integrates various conceptions about risk from specific perspectives and focuses on different objectives, e.g. medical, financial, security or social issues. General concepts of risk basically include:

  • the perception that something could happen,
  • there is a possibility to influence the outcome (in contrast to fate),
  • the probability of something that could happen,
  • the consequences if it does happen,

whereby at least one of the possible outcomes is undesired.

A widely accepted risk definition refers to risk as the product of an events' probability times its consequences. For practical purposes of risk management, risk levels may be classified accordingly: An unlikely occurrence of an incident in combination with small consequences describes the lowest risk (lower left corner; Fig. 1-1), while high probability and hazardous consequences mark highest risks (upper right corner; Fig. 1-1).

TAB 1

Fig. 1-1: Schematic levels of risk classified according to the probability of an incident and its impact

The risk levels are often associated with further measures for risk management and in particular for monitoring (Tab. 1-1). High or highest risks would correspond to 'significant risk', as defined in the EU CCS Directive as "a combination of a probability of occurrence of damage and a magnitude of damage that cannot be disregarded without calling into question the purpose of this Directive for the storage site concerned". Monitoring is required for low risks, but also for lowest risks, as risk levels could change during storage operation, e.g. the total mass of CO2 injected will increase with time. Therefore, Article 13 of the EU CCS Directive requires monitoring for updating the assessment of the safety and integrity of the storage complex in the short and long-term. If the assessment of risks changes during storage operations, the monitoring plan has to be updated (Annex II, EU CCS Directive).

Tab. 1-1: risk levels and associated measures for risk management and monitoring.

Risk level

Consequences

highest

unacceptable, not permissible or injection stop, corrective measure required

high

actions to reduce consequences or probability

medium risk

actions to reduce consequences or probability

low risk

acceptable, monitor and be prepared for further measures

lowest risk

acceptable, low level monitoring, unless the risk level changes

Only for a few risks, the probability of an incident can be derived directly from observations, e.g. frequency-magnitude relations for earthquakes recorded by regional networks. In most cases, numerical simulations are the only way to quantify the probability of different scenarios for various risks derived from storage features, events and processes (FEPs). However, the probability of basic assumptions used in the numerical models often cannot be quantified and is only taken into account as model properties or boundary conditions for site-specific or generic risk assessments. Chadwick et al., 2008, e.g. conclude that an "overall, quantitative assessment of the probability of any particular scenario occurring is very difficult, particularly for scenarios involving geological FEPs (e.g. fault leakage, caprock, failure, etc.)".