Denmark Opens EU's First Full-Scale CO2 Storage Site: Project Greensand and Carbon Market Impact

Denmark has opened the EU's first full-scale CO2 storage site in the North Sea, a milestone for carbon capture and storage in Europe. The project, known as Project Greensand, is designed to store CO2 in a depleted oil field. Initial capacity is around 1.5 million tonnes per year, according to the article. For carbon markets, this is a tangible step. Storage capacity that is actually operating gives emitters and credit buyers a verified sink for captured CO2. It also tests the economics of CCS beyond pilot stage. The big open questions are scaling cost and who takes responsibility for the stored CO2 over the long term. Denmark's move also puts pressure on other EU countries to move from storage plans to operating sites. If CCS is going to play a real role in climate policy, projects like this need to prove they can run at commercial scale without endless subsidies.