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
14 March 2025
Ignoring questions of sustainability will not make the problems they focus on go away
12 March 2025
Launch of credit trading scheme likely to slip into 2026 as government grapples with complex market design challenges
11 March 2025
Direct air capture is still in its infancy, but organisations are seeking to leverage global collaborations and AI to discover new materials, with an aim of scaling up the technology and cutting costs
8 March 2025
Honouring the trailblazing women shaping the future of hydrogen
