Norway seeks talks on cross-border carbon trade
Energy minister Terje Aasland stresses importance of movement of CO₂ across national boundaries to success of CCS
The Norwegian government is ready to start bilateral talks with other countries over cross-border transportation of CO₂ for offshore storage on the Norwegian continental shelf, Minister of Petroleum and Energy Terje Aasland told a conference in Brussels. Aasland stressed the importance of enabling cross-border movement of CO₂ to the success of carbon capture and storage (CCS) as part of the energy transition. “This topic is very high on our agenda. And we are now ready to enter into bilateral negotiations with other states,” Aasland told a conference in Brussels. He urged other governments to ratify a 2009 amendment to the London Protocol, a set of rules governing the international movement
Also in this section
25 April 2024
Carbon capture rates forecast to rise steadily from end of decade, but policy tools to drive large-scale deployment have yet to take shape, according to DNV
23 April 2024
Europe must unlock cross-border CO₂ trade if it wants to build a viable CCS sector for the long term
16 April 2024
US and European oil majors snap up smaller players and look to accelerate development in a region deemed to possess all the key elements for successful CCUS deployment
15 April 2024
Demand for credits seen rising 20% this year despite issues around integrity and standardisation