“Full Chain CCS” in Norway has received finance from the government. It will cost 1.74 billion euros to capture and store CO2 from one cement factory, equivalent to €434/tonne of CO2, or about 17 times the price in European emission trading.
The stakes are high for the Swedish government when it decides whether to permit a big residue oil refinery in Lysekil. If it says yes, Sweden is unlikely to reach its climate target. If it says no it is a setback for oil-exporting countries, especially Norway and Saudi Arabia.
The economic recovery during and after the Corona pandemic is an opportunity for decarbonisation
The European Commission wants to finance 32 fossil gas infrastructure projects, but finds it increasingly hard to present this as compatible with Paris. And the Corona crisis demonstrates that Europe can manage with much more renewables and less of both coal and gas.