Reducing the cost of technology through demonstration projects is vital

摘要

In Norway and Canada, two projects highlight the benefits of public and private sector support in advancing cost-effective technologies. The opening of the US$1 billion Technology Centre Mongstad (TCM) in Norway, an industrial-scale test centre for carbon capture, marks an important milestone in research, development and demonstration (RD&D) efforts and should demonstrate the potential for CCS costs to be significantly reduced over time.