KEYFACT Energy
The Danish Energy Agency has launched its third fund for Carbon Capture and Storage (CCS), aiming to drastically reduce CO2 emissions over the next 15 years. The new CCS Fund will cover the costs of capturing, transporting, and storing CO2 - to secure funding, capture facilities must be operational by December 2029, with full-scale storage in place by 2030.
This initiative is a testament to Denmark's ambitious climate agenda, with the Fund projected to reduce Denmark's annual carbon emissions by 2.3 million tonnes from 2030 – approximately 5% of the country’s current total. The goal is to secure maximum CO2 reductions at the lowest cost through a competitive tendering process.
KeyFacts Energy Industry Directory: Danish Energy Agency l KeyFacts Energy news: Carbon Capture and Storage