Both the EU directives and ISO standards require CCS operators to actively manage risks – and demonstrate how they manage the risks throughout the CCS phases, from early definition, design, construction, operations phase, post-closure and post transfer of responsibility (ToR). 
Regulators require operators to demonstrate that their operations take place within the designed ranges through MMV. Therefore, MMV is an integral part of the total risk management process for CCS projects. 
This paper outlines a method for risk management and MMV in CCS that is in line with both the EU directives and ISO standards. This paper presents a methodology for risk management and selection of monitoring techniques for CCS projects. 

The risks in a CCS project can be grouped into a few categories:
•    Capacity – “Can we store the required CO2 volumes?”
•    Injectivity – “Can we inject the required annual injection rates”?
•    Integrity – “Can we contain the CO2 across all the “subsystems”, from the location of the capture/compression site through the pipelines, facilities and wells until the containment of the CO2 in the reservoir”?
•    Monitorability - “Can we monitor the hazards”? (MMV).

This paper gives a description and some examples of the method followed for CCS risks management – which is in-line with EU regulations and ISO standards. The paper emphasizes that MMV (Measurement, Monitoring and Verification) is pervasive in risk management throughout the early assess phase to the operate phase, post closure phase and sometimes ToR phases of a project.