Norway joins forces with UK and EU on carbon capture and storage
Norway is joining forces with the EU and the UK to accelerate the development of commercial carbon capture and storage (CCS) technology. Last week, Norway’s Prime Minister Jens Stoltenberg announced that the country will be earmarking 20% of its contributions to the European Economic Area (EEA) over the next five years to CCS projects. At least €140 million will support efforts to explore the potential of the North Sea for storing CO2 and to realising the EU’s goal of establishing 12 CCS demonstration projects by 2015.
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