What does it take to unlock a Public-Private Partnership for Good? Case study on the deployment of Carbon Capture and Storage in Norway
Master thesis
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https://hdl.handle.net/11250/3015278Utgivelsesdato
2022Metadata
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- Master Thesis [4508]
Sammendrag
In light of the world's social and environmental turmoils, cross-sectoral collaboration is
often thought of as a potential solution to address sustainability challenges. We contribute
to the nascent thread of research that delves into those public-private partnerships (PPPs)
which focus on sustainability objectives. We do so by better understanding what are the
mechanisms required to unlock a public-private partnership for good and how to best
manage such a public-private partnership for good.
This thesis is based on the exploratory case study of Norway's Longship project, the
world's first-ever full-blown value chain of carbon capture and storage (CCS). Primary
and secondary data were gathered through seven semi-structured interviews, on-site
observations, and an in-depth study of public publications and party agreements. In
order to unlock the public-private partnership for good, our findings disclose the need
for the government to adjust regulatory frameworks, give substantial financial support,
bear significant risks, and supervise the project. Furthermore, we highlight successful
management factors that govern PPPs for good. Such management concerns include the
need to embed industry incentives notably through the agreement, the necessity of goal
alignment, willingness to collaborate, project management mechanisms, trust and respect,
human resources management, and stakeholder involvement.