Saudi, Norway Back Carbon Capture For CDM – Paper

OSLO – Oil exporters Saudi Arabia and Norway will cooperate to get carbon capture and storage (CCS) — burying greenhouse gases — recognised as a way for rich countries to offset their emissions, a Norwegian daily reported.

CCS involves trapping carbon dioxide (CO2) from industrial processes, such as power generation from fossil fuels, and storing it underground or below the seabed. The technology is still in a pioneering phase and is not yet commercial.


Norway’s aim is to get CCS projects included in the Clean Development Mechanism (CDM), which gives investors in projects that cut greenhouse gas emissions in developing countries carbon credits that can be used to offset emissions elsewhere.

Saudi Arabia and the Organization of the Petroleum Exporting Countries (OPEC) have supported developing CCS.

Reuters