'Our subsoil contains a storage potential far larger than our own emissions,' said Danish Climate Minister Lars Aagaard.
This week, Denmark inaugurated the world's first national project to bury CO2 from abroad and bury it deep beneath the ocean.
The new initiative, called the "Greensand" project, is led by British chemical giant Ineos and German oil company Wintershall Dea. It's part of a wider plan to prevent the release of CO2 into the atmosphere in order to attempt to stave off the worst effects of climate change.The Greensand project is one of many carbon capture and storage projects in the works around the world. It will aim to store up to eight million tonnes of CO2 per year by 2030 to help fight climate change.
The CO2 is first captured at the source and then liquefied before being transported by ship. However, the project may use pipelines in the future.
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