Power and renewables
In this 1-hour panel discussion we explore how CCUS is put into practice in Denmark – one of the leading countries for carbon capture, utilization and storage. Our expert panel draw upon their diverse perspectives, skills, experiences, and backgrounds.
Our fireside chat consist of the following people:
While global emissions will drop, the current status is that they will not drop fast enough. For this reason, we must look into CCUS as a solution to slowing down climate change. As stated in DNV’s Pathway to net zero emissions report: “Reaching net zero is virtually impossible without CCS.”
In Denmark, CCUS has become an integral part of the climate strategy, as emphasised by the Danish Ministry of Climate, Energy and Utilities: “Politically, it has been decided that CCS will play an important part in meeting Denmark's climate targets. In Denmark, CCS will find its application in selected places in the industrial and energy sectors where it is currently either too expensive or impossible to reduce emissions by other means.” To support the strategy, initiatives such as the taxation of CO2 emissions, the implementation of new regulations for CO2 transport, and licences for exploration and storage are being rolled out to enable carbon capture, utilization and storage.
So, it is clear CCUS will be an important element in meeting Danish climate targets. However, what does this mean in practice? What does it take to support the large-scale development of this new technology? And what are the risks? Let’s explore!