The Nordic countries are taking bold steps to turn carbon dioxide (CO2) into an asset rather than a liability. With abundant renewable energy, geological storage capacity and strong climate policies, the region has positioned itself as a leader in carbon capture and utilisation (CCU).
However, a new report from the Climate Leadership Coalition (CLC), ‘Carbon Removal and Utilisation in the Nordic Countries: Status, Outlook, and Policies Needed’, reveals that this leadership is not without its challenges.
“The need for carbon removals is immense,” the report states. “On a global level, we would need 7 – 9 Gt (gigatonnes) annual removal capacity to reach climate neutrality, an amount equal to the current thermal coal market.” With deployment requiring long lead times, the report stresses the need for immediate action.
Projects and economic potential
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