New Nordic Policy Paper: CO2-removal in the nordic countries

It is widely acknowledged that it is no longer enough to simply reduce emissions to reach international climate targets. Substantial amounts of CO₂ must also be removed from the atmosphere through carbon dioxide removal (CDR).

The Nordic countries have the possibility to take on a leadership role within CO₂-removal, having large forest lands, many biogenic emission point sources, large carbon storage capabilities in the North Sea, and relevant technological communities, the . There are great opportunities for cross border cooperation, to reduce costs and increase the total volume of CDR. If successful, the Nordic region can play an important role internationally in developing the technology and reducing the costs of the solutions that need to be adopted worldwide.

It is therefore important that nations design incentivising policies fit for their national context – but also that contribute to enhancing cooperation.

The policy paper is based on input from Nordic stakeholders during a webinar in October 2022 named “CO”-Removal: Nordic Innovation Power. You can read the full policy paper here.