The Danish Energy Agency has opened a public consultation on a new Carbon Capture and Storage (CCS) Fund worth DKK 28.3 billion, marking a significant milestone in Denmark’s efforts to meet its climate targets.
The fund aims to drive large-scale carbon capture and geological storage over 16 years, which will help to reduce the country’s greenhouse gas emissions by 70% by 2030 compared to 1990 levels.
Funding structures and timeline
The CCS Fund will allocate DKK 1.77 billion annually from 2029 to 2044 to support projects that capture, transport, and permanently store fossil, biogenic, or atmospheric carbon dioxide (CO₂).
To qualify for funding, companies must have operational capture facilities by December 1, 2029, and begin full-scale storage in 2030. However, early movers can also receive subsidies.
