With EU blessing, Denmark aims to corner carbon capture market

(EurActiv, 6 Jul 2023) The Danish government is investing billions of euros to establish the country as a hub for carbon capture and storage (CCS) in Europe, a technology central to the EU’s 2050 net-zero climate plans.

Denmark aims to kickstart the nascent CCS industry by enticing the market with subsidies, helping the Scandinavian country to pull in front of EU competition.

The government wants Danish industry to run ahead of the market, building the necessary infrastructure to make CCS viable as soon as market demand arrives at scale.

In addition to removing domestic carbon, Denmark is looking to transport CO2 from surrounding nations for storage under Danish soil, becoming a regional leader.

Last September, Danish authorities signed an agreement with the Belgian region of Flanders to transport and store carbon-emissions, with the first carbon exports injected under the Danish North Sea in March. 

Norway, Germany, and Poland have also expressed interest in working with Danish industry to store planet-heating CO2.

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EurActiv, 6 Jul 2023: With EU blessing, Denmark aims to corner carbon capture market