Anna Fenger Technology - 11/March/2022

Denmark rolls the dice on CCS

For heavy emitters of carbon, capturing the particle before it hits the atmosphere offers a route to meeting climate change targets. The Danish government is hoping significant investment in the questionable technology will help its hard-to-abate sectors to fulfil ambitions

Governments and companies are investing massively in carbon capture and storage projects, but the technology has yet to reach scale

NO ALTERNATIVE For some existing processes, carbon emissions are inevitable leaving CCS the only decarbonisation option

LONG TERM SCALE-UP Impact of CCS on hard-to-abate sectors may not be felt until after 2030

KEY QUOTE There is increasing political commitment and will to allocate funds and carry significant economic risks in regards to CCS investments ...

 

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