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for the why or norway in the us ahead on carbon caps, run storage. and what is it exactly? the countries benefit from the technical know how of their oil and gas industries was a tech is found in germany. the usa in norway are investing heavily in this little region. government has just bought this old model to projects with 80 percent funding on our regions aren't more technology on the mistake then. the germans, on this edition of transforming business will explore white. the, the in graphic, norway, heidelberg materials began rebounding as the men factory last year. they're installing a c c s plant without disrupting daily operations. the german company wants to launch the world's 1st net 0 cement produced using carbon capture and storage.

here's how it works. an industrial facility like this one and brand vegas separates and captures the c o 2 from it. smoke stack emissions to c, o. 2 is liquefied and shipped to a storage location and then it's injected through a pipeline up to 3 kilometers under the c bed. it's a deep sandstone formation to c o. 2 can also be stored online and transported by truck rail or pipelines. the c o 2, some traffic will try by 300 nautical miles to are you garden, then it will be injected into a pipeline and stored off the norwegian coast of the storage facility is called northern lights. it belongs to shell. total energy is an excellent nor will return to the role of oil and gas companies laser. so why is it so hard to produce demand with that carbon emissions? is the main ingredient also of estimate. and in the killed process,

there's a lot of students who are coming out of the limestone. this is yeah. and toilet and he's a 30 year veteran of the cement industry. we try it about to, to reduce the amount of blinker in some and that's a decreasing factor. but there is an image because at the moment you will some and will last but the form anymore. ready will not have completed the list which has the forms that, that it needs. so there are technical limits. dfcs technology is intended for use in cards to a base sector is like steel chemicals and the cement industry. industries at toms completely eliminate carbon emissions. but why it's heidelberg materials coming all the way to norway for this? to find out more, we have to go to germany. c. c. s technology is bound here. economics minister who

about topic wants to change this. he also paid a visit to private. but 15 years ago, things looked a lot different in german states like states, the hardest time people talk to the streets against c c s, including will that topic, member of parliament, the laser environment administer in that space come in on v and my number in this context is detroit style events. it's a s i go to it's i upside and watched by showing this computer order item didn't rely on. he's attached nick, in deutschland, goodness strategies, all right, sounds fun. you've got to, you've just got to yet to order. so i team is to proceed on spouse of my nose is trying to why i asked him statistic is i'm seems to invite to him to be controlled in both my nose to survive. once this young norway introduced stacy as far back as 1996 in good part due to the countries mazda of oil and gas industry. the petroleum industry accounts for 36 percent of norway's tax revenue. it's what helps

make of the country rich. but norway was also a 4 runner in implementing environmental protection standards. what happened that really incentivized or kick started the history of, of c. c, as in norway was a c o 2 tax that was introduced by the labor and government that was in charge in 1992. this is political scientist during this nor do she says some norwegian politicians realized early on the climate protection with key incentivize the oil and gas industry to to take measures. uh, and i think also they quite early uh, saw the potential for ccs in their production to take emissions down. right. because they didn't want to have to pay this tax, at least not more than necessary. norway is now investing from 1500000000 euro to

develop a complete c c. s value chain. the long set project. think this would be if i'm to ship the page that they are interested in to make money off the stars. this is felix showing it piece studies, european climate policy. so they are really asking for, you remember states do you want to export c o 2, we have the capacity here. we have the technology in northern lights is parts of this project. the new c o 2 storage facility belong to sell the total energy. an echo north, which we mentioned a moment ago, is due to go online. in 2024. the companies have partnered with a norwegian governments. they'll receive subsidies in the development phase. and the 1st 10 years of operation, the goal job creation as well as a lucrative business in c o. 2 transport and storage. industrial partner hydro back

materials is also profiting from the new technology and the general subsidies that will help re bump this facility. norwegian government has since bought it. all part of the project was 80 percent funding. the only investment is a few $100000000.00 investments. the graphic is just one of about a 114 facilities operations by high those back materials. one of the world's largest concrete manufacturer and they're planning to invest some 1500000000 bureaus by 2030, including in the u. s. that's also because president joe biden's in place and reduction us offers financial incentives to companies that invest in carbon capture and storage. it's important to mention that they have a tax credit which makes them or increments and then incentive to to deploy ccsp inflation reduction act. the strength of these tax credits and extended them

so they really use it as one of the instruments to, to push all, all calm management in 2023. the largest number of c, c, s facilities were under construction in the u. s. followed by kind of the you k, china and norway on this map to pick the commercial ventures that are ready in operation. but why is to us so advanced in this area is also important that they don't really have this discussion about how to evade emissions, at least not the way we have it in germany. so, and did you test, you could also capture fossil, see you to a story underground to find out more. let's take a look at what's called enhanced oil recovery uh, technology that's being employed mainly in north america for more than 50 years. high pressure a, c o 2 is injected into an oil field, raising the pressure under grants. the crude oil becomes more viscous. i'm can be come to the surface more easily. so it's

a way to pop up even more. oil doesn't really make sense to collaborate with big oil when it comes to climate protection. so they know all the systems warnings that we have a big expertise central technology. this is carlos bottom on the to you a scientist as a well known experts on c c s technology. and therefore from next year and so they are tools a trouble staunch operation. but the norwegian, so i think they'll call you need to be on the wall. so we're really going for an investor at scale. a survey has shown that the norwegian population supports c c s . as mentioned they've been using the technology since 1996. and they have a carbon tax 67 percent of norwegian support seats. yes. that top by denmark, the u. k. and followed by the netherlands. and finally germany origins are more technology optimistic than uh,

adjustments. and we also accept that to something to do with the support for the specific technology after that during this nor to helps conduct the survey which also came to a 2nd conclusion. when we introduced these elements across the border cooperation or trade, the support drops. we did in a similar survey. uh, 5 years ago them that dropped was considerable in norway. it moved from or a 2 percent support when you introduce them to a domestic situation where you store your own c o 2 to 40 percent 20, to introduce them to a project where you would import c o 2 from other countries. um, it's likely that's what germany would have to do. export c o 2 to norway. remember a c, c s was previously taken off the table after protests and demonstrators had one big objection. thing, most of the criticisms some 10 years ago austin,

germany came from the shack that cps was originally planned for photos on the street. so it was so called paul plans. and then the valid criticism was ok if we to successful co paul pens, we've never got to transition to germany has no proposed legal changes that would permit safety yet. but only in the northeast, northeast on lines and subsidies will focus on sectors of like steel and cements, where some 10 percent of emissions are classified as hard to a base search here, c c s. so caption starting the emissions. it's pretty much the only option that we have to avoid some sheets. this is jessica cash place lab, the physicist, studies ccs and other carpet management strategies. the box majority of scenarios

that she filled with mean temperature. well, we don't really see need to cease yes. but what are the risks? scientists say some, a 150000000000 tons of c o 2 could be stored onto the north sea, a region that includes a number of marine protections owned. by way of comparison, the mid sized cement plant and breath attempt to capture 400000 tons of c o 2 annually bought if there's a leak because possible. and the biggest problem, probably the old waltz, the work. if we go back to mall c as an example, have something like 17000 welts that have to be drilled in the past both and lost the traits posted to look for oil and gas. and it's last month. see what, what these would wells be. some of them was about maybe a or pathway, so seem to be in touch, but something that needs to be considered. let's recap. countries like norway have

been on board with dfcs for quite a while. they have a big technological edge under subsidizing p. c. s. on the ground scale, that's also true in the us under, by norway under us also benefit from the know how up there oil and gas industry. germany still has to legalize t. c. s. and mice export c o 2 to norway. one thing is for sure the technology is expensive and it's not with that risk. but at this point, do we really have a choice? what this important from my perspective is should launch these risks and mitigate them as good as we can. and then also compare those risk of using c c s to the risk of love to use exist yet, because also what we're not doing has impacts. in this case, if we don't use c, c s, that means we accept more emissions which needs to work time of change. so we provide perspective the risk of not using c,

c s exceeds the risk of using it. do you think c c s technology is the wave of the future? that is know in the comments the into the conflicts own with tim sebastian. as the boring ukraine grind on the neighboring voltage states watch anxiously from the ring side seat, pressing the west to increase a sink here, and make sure russia dozens with my guess this week is last week is 5 minutes to place you on this current and peace clear nature as to optics can conflict by the next on d w. he's got any issues with the,

as the warning ukraine grinds on, the neighboring voltage states, what's anxiously from the ring side seat, pressing the west to increase a to kia and make sure russia doesn't with my guess this week is the last to be as 5 minutes to fishy on these kinds, and he's clear nato as the up it's gain. the difficulty in the frustration that i feel is that as we are going step by step, russia is going full frontal flows. so how ready is nato to take on an expansion is russia. why are some rich european states phil? i'm willing to meet the alliances defense spending targets and was present the macro really calling his allies come.