Finland and Norway have taken a major step toward advancing carbon capture and storage (CCS) efforts with the signing of a Memorandum of Understanding (MoU) that enables the cross-border transport of carbon dioxide (CO2) for permanent storage.
Finnish Minister of Climate and the Environment Sari Multala and Norwegian State Secretary Astrid Bergmål signed the agreement during an informal meeting of energy ministers in Copenhagen.
The MoU allows CO2 captured in Finland to be transported to Norway for geological storage beneath the seabed.
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The agreement builds on both countries’ climate strategies.
Finland, which is investing in “technical sinks” such as carbon capture from industrial emissions, lacks suitable geological conditions for long-term storage.
Norway, with over 28 years of experience in CO2 storage, is well-positioned to offer this as a commercial service.
“The Memorandum of Understanding with Norway is an important step for Finland towards the large-scale implementation of carbon capture and cross-border storage solutions,” said Minister Multala.
Norway continues to expand storage capacity on the Norwegian continental shelf and aims to position itself as a key European hub for CO2 storage.
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“This MoU with Finland strengthens our shared efforts to reach climate goals and supports the development of a commercial market for CO2 storage,” said State Secretary Bergmål.
The agreement complements existing international frameworks for cross-border CO2 transport and underscores the two nations’ joint commitment to meeting climate targets through technological and regional cooperation.
With several carbon capture projects already underway in Finland, particularly focusing on biogenic emissions, the MoU provides a critical pathway for scaling up CCS efforts across borders in Northern Europe.
