Norway is preparing a Longship project to capture carbon dioxide emissions

Longship will help the world achieve the climate goals set by the Paris Agreement of 2015. Norwegian Prime Minister Erna Solberg is convinced of this.

According to the Norwegian Prime Minister, meeting the goals of the Paris Climate Agreement will be far more costly if carbon capture and storage projects are not implemented on a larger scale. “The project we are currently developing is a very important step.It will ensure that we will be able to store carbon dioxide safely. It will show the way to other countries that decide to move in the same direction as us, “said Solberg.

Carbon capture has long been talked about within the professional community and is emphasized as one of the ways to reduce greenhouse gas emissions. So far, however, there are only a few commercially used projects. Norway tried one of these ten years ago. The facility was to be part of a local gas power plant. However, the state-owned mining company Equinor, later renamed Statoil, did not complete the project, saying it was too expensive. So this is the second attempt for Norway, and not only the government believes it will be successful.

author avatar
EditorialTeam
The Trader-Magazine.com EditorialTeam is a collective of certified financial analysts, active traders, and cryptocurrency experts. Our mission is to transform complex market data (forex, equities, indices) into accessible financial education. All content undergoes rigorous, multi-level fact-checking to ensure we deliver only accurate, objective information for your trading and investment decisions.

Top 10 financial instruments for 2022. What will their prospects be in 2023?

The year 2022 has brought countless surprises and obstacles...

Telegram scams: how they work and how to protect yourself

Telegram has become one of the most widely used...

Trump Saved TikTok from a Ban. The App in the U.S. Moves into American Hands

TikTok narrowly avoided a ban in the United States...

Gulf Brokers Ltd. Review

Comparing spreads, commissions, trading platforms, rules and reading dozens...

Climate Change Poses Major Risks to Financial Markets, Regulator Warns

WASHINGTON — A top financial regulator is opening a...

Sephora Stock & LVMH Investment Guide: Is Sephora Publicly Traded?

Sephora is one of the world’s most recognisable beauty...

Japan and US jointly intervene to support yen for first time in 15 years

Japan and the United States carried out a coordinated...

VUG Stock Split: What Vanguard’s 6-for-1 Split Means for Investors

Investors searching for information about the VUG stock split may have...

Dollar, Pound, and Franc: How USD to GBP and Interest Rate Differentials Drive Currency Flows

The relationship between the US dollar, British pound and...

AFP: Developers are testing ways to communicate with books using AI

More and more start-ups and digital publishers are offering...
spot_img

spot_imgspot_img