Denmark plans to allocate 26.8 bln crowns for new CO2 capture and storage tenders

Reuters. Denmark plans to allocate 26.8 billion Danish crowns ($3.9 billion) in state aid over 15 years for projects to capture and store 2.3 million metric tons of carbon dioxide emissions per year, the climate and energy ministry said on Monday.

The country has set a target of reaching net zero carbon emissions in 2045 and sees carbon capture and storage (CCS) technology as key to reaching that target. By 2030, CCS should help to reduce at least 3.2 million tons of Denmark’s CO2 emissions.

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