background imageUnsplash

Finland and Norway deepen climate cooperation with cross-border carbon storage deal

author image

By illuminem briefings

· 2 min read


illuminem summarises for you the essential news of the day. Read the full piece on Carbon Herald or enjoy below:

🗞️ Driving the news: Finland and Norway have signed a Memorandum of Understanding (MoU) enabling cross-border transport of captured CO₂ for permanent storage, deepening climate cooperation between the two countries
• CO₂ captured in Finland can now be transported to Norway for geological storage beneath the seabed
• The deal supports both nations’ climate strategies: Finland invests in carbon capture technology, while Norway offers decades of CO₂ storage experience

🔭 The context: Finland lacks suitable geological sites for long-term CO₂ storage, whereas Norway has over 28 years of expertise and is expanding capacity on the continental shelf
• The MoU builds on ongoing carbon capture projects in Finland, particularly targeting biogenic emissions
• Norway aims to become a key European hub for commercial CO₂ storage, and the agreement aligns with broader international frameworks for cross-border carbon transport

🌍 Why it matters for the planet: Cross-border CCS partnerships could accelerate the deployment of large-scale carbon capture, helping both countries reduce net emissions
• Regional cooperation demonstrates how technology and shared infrastructure can complement national climate targets
• Scaling up CCS is critical for meeting Northern Europe’s climate goals while managing industrial emissions

⏭️ What's next: Finland can leverage Norway’s storage capacity to expand its carbon capture efforts and contribute to a larger European CCS market
• Both countries aim to strengthen technological collaboration and commercial opportunities for CO₂ storage
• The MoU sets a precedent for future cross-border partnerships in climate mitigation

💬 One quote: “The Memorandum of Understanding with Norway is an important step for Finland towards the large-scale implementation of carbon capture and cross-border storage solutions.” – Sari Multala, Finnish Minister of Climate and the Environment

📈 One stat: 28 years — Norway’s experience in CO₂ storage, making it a leading provider of geological storage capacity in Europe

Explore carbon credit purchases, total emissions, and climate targets of thousands of companies on Data Hub™ — the first platform designed to help sustainability providers generate sales leads!

Click for more news covering the latest on public governance and carbon

Did you enjoy this illuminem voice? Support us by sharing this article!
author photo

About the author

illuminem's editorial team, providing you with concise summaries of the most important sustainability news of the day. Follow us on Linkedin, Twitter​ & Instagram

Other illuminem Voices


Related Posts


You cannot miss it!

Weekly. Free. Your Top 10 Sustainability & Energy Posts.

You can unsubscribe at any time (read our privacy policy)