Invitation to second round of market dialogue on the NECCS Fund

The Danish Energy Agency has previously held a market dialogue about the NECCS fund. This second round of market dialogue will provide an opportunity for market actors, including potential bidders, to submit written feedback, input and recommendations concerning the Danish Energy Agency’s peliminary considerations regarding the deployment of the NECCS fund. The output of the market dialogue will serve as input for the Danish Energy Agency’s final design of the tender documents.

Invitation to market dialogue NECCS Fund

Appendix A: Requirements specification

Deadlines

8 May: Deadline for submitting written input on questions posed under section 2 in the document “Invitation to market dialogue NECCS Fund” as well as for general remarks to the content of this market dialogue, including Appendix A

17 May: Deadline for submitting written input on questions posed under section 3.3 in the document “Invitation to market dialogue NECCS Fund”

Contributions and remarks in relation to this market dialogue can be submitted by e-mail to the Danish Energy Agency, ens@ens.dk with copy to llpe@ens.dk or by regular mail to: Energistyrelsen, Carsten Niebuhrs Gade 43, 1577 København V.

Facts

• As part of the Danish Financial act of 2022, the Danish Parliament agreed on the NECCS Fund, dedicated to the establishment of a value-chain for negative carbon emissions.
• The fund has a total budget of 2.6 bln. DKK (2023-prices) and shall cover the costs of capture, transport and permanent storage of biogenic or atmospheric CO2.
• The deployment of the fund will enable the realization of 0.5 million tonnes of negative CO₂ emissions per year.
• During the first round of market dialogue, potential bidders and market operators gave input to the DEA regarding timeline, CCS vs CCU and opt-out, voluntary carbon credits/carbon offsets and penalty.

Contact information

Special Advisor, Lise-Lotte Pade, llpe@ens.dk, +45 33 92 68 45