Norway and France have signed an agreement to collaborate on developing and deploying carbon capture and storage (CCS) technology as a means to mitigate the climate crisis.
The official announcement was made this week by the Norwegian energy ministry.
According to the letter of intent (LoI) signed by France and Norway, the latter will aim to store CO2 emissions from European industry with the help of carbon capture and storage off its coast.
Norway boasts the ideal geology for this purpose, deep beneath the seabed, which can be used as permanent storage sites for carbon dioxide.
To move forward with this cooperation, both nations will have to prepare and sign bilateral agreements that would permit the cross-border transportation and storage of carbon emissions.