The Norwegian government has presented a major funding package worth $1.8 billion to enable the large-scale implementation of carbon capture, transport and storage (CCS), a critical set of climate mitigation technologies
presented a major funding proposal
to enable the large-scale implementation of carbon capture, transport and storage technologies in Norway. Public funding of around $1.8 billion will contribute to the overall cost expected to be in the region of $2.7 billion. Named 'Longship', the funding package will see the implementation of the first full-scale CCS project in the world. It follows decades of research and pilot projects and marks a major step forward for this critical climate mitigation technology for Norway, Europe and the world.
Leadership at the European Commission have said that to meet the challenging climate goals of the Paris Agreement, such sectors need the continued development of carbon capture and storage. If we are to meet those challenging targets,Once captured, the CO
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