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05 Mar 2024

A new Co2 transport agreement has been created between Denmark and France

A new Co2 transport agreement has been created between Denmark and France

Denmark and France have recently made an agreement, concerning cross-border transport of Co2. This will be extremely beneficial to the carbon industry, as it will allow for carbon captured in one country, to be stored in another.

This development will be significant for both Denmark and France, but it will also help and encourage the development of an international industry around carbon capture and storage. Developing this industry will also benefit the EU, in helping it to reach their neutral climate goal by 2050. Furthermore, this agreement highlights how important cross-border Co2 transport is, especially to the carbon storage and decarbonisation industry, as not all countries have the capability of storing carbon dioxide, therefore creating this ability for them is essential. This means that regional cooperation and cross-border infrastructure are extremely important elements within this market.

Denmark continues to display the importance of cross-border Co2 transport, as their agreement with France is not the only agreement of this kind that they are involved in. The country has agreements of a similar nature with the Netherlands, Belgium, Flanders and Wallonia. Plus, Denmark has also made it possible, through various political agreements, to create funding of an estimated 5 billion EUR , which will all be dedicated to CCUS.

Minister for Climate, Energy and Utilities, Lars Aagaard, commented,  “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.”

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