The EU Commission approves a Danish scheme worth €1.1B to support the roll-out of carbon capture and storage technologies

State aid: Commission approves €1.1 billion Danish scheme to support roll-out of carbon capture and storage technologies* The European Commission has approved, under EU State aid rules, a €1.1 billion Danish scheme to support the roll-out of carbon capture and storage (‘CCS') technologies. The measure contributes to the achievement of Denmark's climate targets and the EU's strategic objectives under the European Green Deal, in particular the 2050 climate neutrality goal. The Danish scheme The scheme notified by Denmark, with a total budget of around €1.1 billion (DKK 8.1 billion), aims at promoting the roll-out of CCS technologies used to reduce carbon dioxide (‘CO2') emissions that are released in the atmosphere and achieve deeper decarbonisation of industrial processes. The measure

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  • European Commission - DG COMP (Brussels)

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European Commission, The EU Commission approves a Danish scheme worth €1.1B to support the roll-out of carbon capture and storage technologies, 12 January 2023, e-Competitions January 2023 - II, Art. N° 110586

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