Under the Agreement, Romania will receive €115.2 million, whilst Poland will receive €311.2 million.
Given the need for Europe to move towards a low carbon economy in the mid-term, it is crucial that Poland and Romania grasp the benefits of being first-movers when it comes to new technologies such as CCS. This is especially important for coal-intensive Poland.
“It is now up to the governments of the recipient countries to focus on CCS and agree a Memorandum of Understanding with Norway. The ball is in the camp of the recipient countries. Bellona will work actively in these countries to ensure that CCS will benefit from this funding scheme”, says Paal Frisvold, chairman of Bellona.
Access a copy of the Agreement here.