Type of actor: country
What is their position ?
Norway is of the view that the CCS technology, under the right site conditions, will be applicable for project activities under the CDM.
Establishing a safe and sound framework for the implementation of CCS projects under the CDM could give an important contribution to a broader dissemination of such technologies. However, no ocean storage projects should be considered in the CDM activities at the time : it induces too many risks.
The biggest obstacle today is high costs. An acceptance of CCS projects under the CDM will provide companies and countries with a financial incentive to export the results of know-how and technology on carbon capture and storage to non-Annex I countries. The CDM means a good monitoring of CCS projects, the liability of the projects, and the careful attention to leakage issues.
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