Minister of Climate, Energy and Utilities Lars Aagaard (M) has granted the first permits for companies to start storing CO2 in the Danish underground. The Ministry of Climate, Energy and Utilities writes this in a press release.
- We can finally get started with the part of the work that gives ground under our nails, sends CO2 underground and helps us achieve our climate goals, says Lars Aagaard in the press release.
The first permits have been given to the companies Ineos and Wintershall DEA with the Greensand project and to TotalEnergies. They estimate that they can store up to 13 million tons of CO2 per year in the Danish subsoil in the North Sea from 2030.
The goal for Greensand is that from 2025 up to 1.5 million tons of CO2 can be stored in the subsoil per year and up to 8 million tons annually in 2030. That alone is about one sixth of Denmark's annual CO2 emissions, and it will be able to be filled for 15 years.
With the Bifrost project, TotalEnergies expects to be able to store more than 5 million tons of CO2 per year from 2030, and the company is investigating the possibility of expanding. With the permits, work can begin immediately.
Important piece in climate goals
Since the Danish Parliament passed the Climate Act in the previous election period, storing CO2 underground has been an important piece in achieving Denmark's climate goals. The process is called CCS, and it consists of capturing the CO2 that is emitted and then pumping it underground.
However, there has been criticism that CO2 storage is a way of hiding emissions without actually promoting the green transition. The Confederation of Danish Industries (DI)'s climate policy director, Anne Højer Simonsen, is pleased that work on CO2 storage can now get underway.
- The permits are an important step for Denmark, ensuring that we achieve the necessary CO2 reductions and reach our climate goals in 2025 and 2030, she says in a written comment:
- If we do not keep up the pace, it will be difficult to achieve the goals and make a difference for the climate, not just in Denmark, but also globally.
/ritzau/
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