Microsoft Norway: Innovating the Future of carbon transport & storage with Northern Lights
With the catastrophic effects of climate change knocking at the world’s door, urgent action is needed. Countries and industries are coming together to create economic models to address today’s challenges while providing more sustainable opportunities for growth. After years of underinvestment, momentum is building, and significant capital being committed to CCUS. This momentum is driven by a combination of factors: strengthened climate commitments, increased government support, technology advances, and stronger investment incentives. CCUS is a critical tool to reduce CO2 emissions and the EIA estimates that CCUS can help to abate 600 billion tons of CO2 over the next 50 years.