The CCS CDM Modalities and Procedures (M&Ps) were formally adopted by the Parties to the Kyoto Protocol in Durban, South Africa, on December 9, 2011. The final adopted text represents a significant development for CCS in developing countries given CCS projects can now benefit from a CDM revenue stream. CCS is now part of a portfolio of low-carbon technologies to receive carbon finance, which should help facilitate its inclusion in other UN funding mechanisms. In addition the M&Ps have now satisfactorily addressed the concerns of developing countries and the CCS CDM ‘rules’ will set precedence for the regulation of CCS under other funding mechanisms.