The Danish Energy Agency has signed a contract with cement maker Aalborg Portland for the capture, transport, and storage of 1.25 MtCO2/year (Danish Energy Agency press release, 09/06/2026). The agreement stems from Denmark’s largest-ever tender for CO₂ capture, transport, and storage. Under the contract, Aalborg Portland will begin capturing and storing 1.25 MtCO₂/year by 2030 at the latest. According to the agency, the company will receive support of DKK874.75 (EUR117/USD135) per tonne of stored CO₂ over a 15-year period, bringing the total financial support to up to DKK16.4bn (EUR2.2bn/USD2.5bn).
The tender for CO₂ capture, transport and storage was launched in October 2024. A total of 16 projects applied for prequalification within a funding pool of DKK28.7bn (EUR3.8bn/USD4.4bn). In May 2025, 10 projects were prequalified. By August 2025, eight projects submitted initial bids. At the final bidding deadline in February 2026, only two bids were ultimately submitted.
Denmark is targeting a 70% reduction in GHG emissions compared to 1990 levels. Its 2024 National Energy and Climate Plan (NECP) advances the goal of carbon neutrality to 2045, five years earlier than previously planned, and targets emissions reductions of 110% by 2050.
Based on our data, after peaking at 88 MtCO₂eq in 1996, gross GHG emissions have been falling by around 3%/year, reaching 36 MtCO₂eq in 2024 (a 5.6% decline in 2024 alone), which is 47% below 1990 levels. CO₂ emissions per capita in Denmark are historically below the OECD average. They have decreased by 5.7%/year between 2010 and 2024, reaching 3.7 tCO₂ per capita in 2024, or 49% below the OECD average (Enerdata Global Energy Research).