Denmark aims to drive investment in CCS
EU approves €1.1bn Danish CCS support scheme
State government offers 20-year CfD to support deployment of carbon capture as key decarbonisation tool
Denmark has gained European Commission approval to proceed with a €1.1bn ($1.2bn) contract-for-difference (CfD) subsidy scheme aimed at accelerating CCS investment. The scheme is expected to enable the capture and storage of at least 0.4mn t CO₂/yr from 2026 and 8mn t over the 20-year contract offered to the successful bidder. The CfD will pay out up to €54.9mn/yr, depending on the spread between EU allowance prices and the estimated cost per ton of operating the facility, excluding capital costs. The contract will be awarded via a competitive tender that is expected be completed this year. “This €1.1bn scheme will enable Denmark to capture and store a significant amount of CO₂, preventing i
Also in this section
27 May 2025
EU Parliament and Council both agree to exempt bulk of importers from paying a carbon tax on goods imported into the EU
27 May 2025
Carbon capture, utilisation and storage needs stable policy, investable frameworks and coordinated infrastructure if it is to be developed at scale
19 May 2025
The two Gulf states are combining fossil fuel production with ambitions to become leaders in low-carbon energy
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
