Danish NECCS Fund

On 4 December 2021, the Government signed an agreement on Investments in a continually greener Denmark under the Finance Act for 2022. The agreement introduced a new subsidy fund (the NECCS Fund) of DKK 2.5 billion, aiming to achieve negative emissions of an additional 0.5 million tonnes per year from 2025 onwards through CO2 capture. 

The fund will support the achievement of negative emissions from CO2 capture of biogenic sources and subsequent geological storage. Biogenic sources refer to CO2 capture from biogas upgrading, biomass-based power and heat production, the biogenic share of CO2 captured in waste incineration plants, as well as carbon captured directly from the atmosphere (DACCS).

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