In an effort to reduce their CO2 emissions and wean Germany off its dependency on Russian gas, the NATO allies signed joint pledges on Thursday by Norway and Germany to enhance the production of renewable energy and create green industries.
According to German Economy Minister Robert Habeck and Norwegian Prime Minister Jonas Gahr Stoere, the declarations laid out initiatives for collaboration in the fields of carbon capture and storage, battery technology, offshore wind, hydrogen, and battery technology. According to Stoere, the conflict in Ukraine has made things difficult in Europe.
RWE & Equinor Joined Collaboration
Earlier on Thursday, the German utility RWE and the Norwegian state-controlled oil company Equinor announced their plans to create an industrial supply chain for the creation and use of low-carbon hydrogen.
Although the joint investments are dependent upon the construction of a hydrogen pipeline connecting Norway and Germany, it would enable Germany to decrease its reliance on coal power and thereby reduce CO2 emissions.
After Russia's Gazprom shut off much of the gas on which Europe formerly depended, Norway has subsequently surpassed Russia as Europe's leading gas provider, with Equinor the top exporter.
Natural Gas Leading To Greener Economy
According to separate remarks made on Thursday by Oil Minister Terje Aasland, it intends to provide approximately 122 billion cubic meters of natural gas in 2023, on par with last year's volume, and to maintain this level for the following four or five years.
According to data from the German network regulator, Norway presently supplies 40% of German gas imports. Germany is working to transition away from Russian gas and toward a greener economy. According to the agreements made on Thursday, Germany and Norway will also collaborate on the development of carbon dioxide underground storage. Habeck stated on Wednesday that Berlin is preparing legislation for next year that would make this technology legal despite the fact that it is now forbidden in Germany.
There was no longer a window of opportunity for Germany to find other solutions in order to reach its climate goals, according to Robert Habeck. "Rather than adding CO2 to the atmosphere, it is better to add it to the earth."
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