Today, Denmark and France signed a new international arrangement for transport and storage of CO2. The arrangement makes it possible to transport captured CO2 from one country to the other with the purpose of storing it underground.
Both renewable energy and energy efficiency are important elements of the European green transition. Carbon capture and storage as well, as it enables us to remove some of the emissions that are very difficult to get rid of or reduce otherwise – and today’s arrangement between Denmark and France contributes to the development of an international industry for carbon capture and storage which will help EU reach the goal of climate neutrality by 2050.
“Carbon capture and storage is a necessary tool when paving the way to our international climate goals, but we need it in a much bigger scale than it is today. We have to utilize both storage options, resources and projects across borders in order for the industry to grow – and in order for the EU to reach climate neutrality by 2050. This arrangement with France is a push towards an international industry for carbon capture and a push for climate neutrality,” says Minister for Climate, Energy and Utilities Lars Aagaard.
“Carbon capture and storage will be a key tool in the short run to decarbonize the European industry, and in the long run to provide an acceleration of the overall decarbonization through an artificial carbon sink. France has issued an ambitious strategy to accelerate the deployment of this technology, up to 8 MtCO2 stored each year in 2030 and 20 MtCO2 in 2050. Our partnership with Denmark, a key actor in storage, will be key to reach these targets and accelerate collectively towards European climate neutrality in 2050,” says French Minister in charge of energy Roland Lescure.
Besides the arrangement with France, Denmark has also signed agreements with the Netherlands, Belgium, Flanders and Wallonia.
Read the arrangement here
Facts
- Through various political agreements, Denmark has set aside funding of approximately 5 billion EUR for CCUS.
- International movement of CO2is essential, as not all countries have the possibility to store CO2. Regional cooperation and cross-border infrastructure are crucial elements in this respect.
Contact the press office of the Danish Ministry of Climate, Energy and Utilities at +45 41 72 38 05