We are currently assessing the cost of the various components. This facility will be a major investment and we have already received national subsidies for an extended feasibility study. We have applied for an EU grant to finance some of the investment. BECCS appears to be one of the most effective ways of achieving the climate neutrality that is ever so crucial for future generations. In addition, we are already seeing interest from trade and industry to contribute to the realisation of carbon capture and storage. This feels extremely encouraging and we are actively participating in discussions at several levels on how the present proposals for business models can be developed into dynamic and effective markets.
Climate change will cost society dearly if nothing is done to stop the rising levels of atmospheric greenhouse gases. Accordingly, carbon capture is high on the political agenda, and economic systems to pay for carbon capture are being developed in both the EU and Sweden. Our expectation is that the outcome at both national and international level will be regulations and policies whereby those who emit greenhouse gases will have to pay to compensate for those emissions, and that those monies can then be used to finance climate-positive initiatives such as BECCS.