The Norwegian government has earmarked NKr 3.4bn (€410m) in support of carbon capture and storage (CCS), according to a draft budget for 2010 announced on Tuesday. This is nearly €190m more than funds allocated in this year's budget.
A large proportion of the funds will go to the Mongstad carbon capture plant, described as one of the most important instruments in Norway's climate policy. Some of the funds are allocated for CCS research and development. The total amount allocated to CCS is "the largest ever", said energy minister Terje Riis-Johansen.
Please enter your details
Not a subscriber?
Take a free trial now to discover the critical insights and updates our coverage offers subscribers.