Denmark is on track to be a star pupil in CCS! Denmark's NECP reflects a well-developed CCS strategy with robust measures in capture, storage, and funding. However, transport regulation requires further clarity to fully align with its ambitious targets.

CO2 Capture: A

There are concrete targets in place for CO2 storage and for carbon removals specifically. This is all supported by a number of measures including funding, but also the additional carbon tax that Denmark has put in place going beyond the EU ETS.

CO2 Storage: A

As required, there has been tenders already in place, and in fact the first projects have already been granted licenses in that regard. There is also a strong assessment of the storage potential in Denmark from a variety of geological formations, from saline aquifers to volcanoclastic sediments. Whereas there is no concrete annual target for CO2 storage, the advanced state of CO2 storage in target makes it clearly an A, as B would require only the target in place and no actual projects currently being developed.

CO2 Transport: C

The NECP outlines that Denmark is currently developing its regulatory and ownership framework for CO2 transport but is yet to adopt it. Given that there are no more details in the document, we cannot presume what will be included in there. A B would require open access to be specified in the country, but it’s not the case here.

Funding: A

There is dedicated funding, having already been applied to concrete projects, and the funding are all dedicated to CCS. While there is no dedicated de-risking support, this support is clearly sufficient to warrant an A.