The UK and Norway have commissioned a joint study on carbon capture and storage in the North Sea.
The study will take place to determine how quickly the sea bed of the North Sea could be needed for carbon dioxide storage. It will also endeavour to work out what the UK, Norway and other countries have to do to get it ready in time.
The aim of the study will be to build a profile for the whole of the North Sea, assessing each country’s storage potential and projections of likely volumes and locations of carbon dioxide (CO2) flows, against a rising price of carbon. This will involve identifying network issues and proposing methods for managing CO2 flows across borders.
The UK Minister for Energy and Climate Change Lord Hunt and the Norwegian Minister Terje Riis-Johansen met recently to agree on a clear vision for the role of the North Sea. Lord Hunt said: “Carbon capture and storage has the potential to reduce emissions from coal-fired power stations by about 90 per cent. The strength of the UK’s offshore industries means we are well-placed to store that carbon dioxide under the North Sea.
“This study will assist the governments in Europe to work together to store carbon dioxide safely under the North Sea. The benefits are not just environmental – there are clear business and job opportunities to be found in green technology.”