EU and Norway to Form ‘Green Alliance’ on Carbon Capture and Hydrogen
- EU aims to store 50 million tons of CO2 underground by 2030
- Alliance to be signed next week at North Sea Summit on energy
Project Greensand, off the west coast of Denmark, is storing CO2 that’s brought in by ship from Belgium.
Source: INEOS Energy
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The European Union and Norway will form a “Green Alliance” to bolster cooperation in clean industries like carbon capture and storage and hydrogen as they look to strengthen the region’s potential as an energy technology hub.
The aim is to sign off on the alliance at a meeting of European leaders and energy ministers at the Belgian port city of Ostend on April 24, according to a draft document seen by Bloomberg. The North Sea is being touted as a major source of renewable power and also holds the bulk of Europe’s potential to store carbon dioxide.