Norway and France have signed a letter of intent to promote mutually beneficial cooperation on the development and deployment of carbon capture and storage (CCS). This confirms the governments’ intentions to cooperate on CCS and recognise the importance of cross-border cooperation.
“Widespread CCS at the lowest possible cost will be necessary to achieve the goals we have committed to in the Paris Agreement. Cross-border cooperation is key, and CCS is an important priority for the Norwegian Government. This Letter of Intent confirms Norway and France mutual interest to work closer on cross-border transportation and storage of CO2. Norway will facilitate the development of CO2 storage on our continental shelf for industrial companies, French companies included,” says Minister of Petroleum and Energy Terje Aasland.
The governments of Norway and France recognise the role of CCS in to meet long-term climate targets under the Paris Agreement and that CCS technology will enable reduced greenhouse gas emissions, especially in hard-to-abate industrial sectors.
The objective of the Letter of Intent is to promote the development of CCS by creating a framework for cooperation between the two countries to facilitate their sharing of technical knowledge, advice, skills and expertise in the field of CCS.
As part of the cooperation, the two governments will consider and prepare a bilateral agreement to enable cross-border transportation and storage of CO2.