Bellona nuclear digest. March 2024
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
News
Publish date: March 25, 2021
News
Fortum Oslo Varme’s (FOV) waste management facility at Klemetsrud is among the most mature CCS project proposals in Europe.
This was confirmed today by the EU Innovation Fund, which has chosen FOV-CCS as one of 70 applications (out of 311 who applied) for the next round, allocating up to 1 billion euros to new climate projects.
The FOV-CCS project involves large investments, but the cost per tonne of CO2 emissions avoided is competitive.
Over its planned operating time of (at least) 25 years, FOV will capture and deliver for permanent storage of approximately 10 million tonnes of CO2.
Half will be biogenic CO2, and thus could result in net removal of CO2 from the atmosphere. This project could therefore provide a very large climate benefit for the money it is asking for. We believe that the EU Commission will emphasize this in the next evaluation round.
“This would be a great opportunity to prevent CO2 from entering the atmosphere while also testing out the real-life potential for negative emissions in these facilities”, said Keith Whiriskey, Deputy Director at Bellona Europa.
Unfortunately, Norway does not have its own scheme for financing the capture and storage of CO2 on a large scale beyond the Longship support program. This needs to be put in place quickly.
The government’s strategy that CO2 pricing alone should stimulate sufficient investment in new climate projects is unlikely to succeed.
A significant proportion of the state’s ever-increasing revenues from CO2 taxes and quota sales should be plowed back into investments in climate measures, including large CO2 management projects.
Both the waste treatment industry and the process industry have plans ready to use ever better and cheaper climate solutions, but need predictable payment schemes to realize these.
Without large, new climate projects, it will be almost impossible to reduce Norway’s emissions to zero.
A survey of events in the field of nuclear and radiation safety relating to Russia and Ukraine.
Russian president Vladimir Putin has told the United Nations atomic energy watchdog that Russia plans to restart Ukraine’s embattled Zaporizhzhia nuclear plant, currently occupied by Russian troops and technicians, fueling worries about a serious nuclear accident on the front lines of a grinding military conflict.
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Recent attacks on Ukraine’s Zaporizhzhia nuclear power plant "mark the beginning of a new and gravely dangerous front of the war," the UN atomic agency's director general said last week.