Sweden Awards SEK 9.3 Billion
Photo: Johan Nilsson/TT

Sweden Awards SEK 9.3 Billion for Carbon Capture at Three Waste Incinerators

Three waste incineration companies will receive a total of SEK 9.3 billion (about $890 million) to build facilities that capture carbon dioxide before it is released through chimneys.

Renova, Sysav and Öresundskraft will receive the money, which will be distributed through a so-called reverse auction, in which the companies compete to deliver negative emissions at the lowest possible cost.

"The reverse auction makes it possible for the actors that achieve the greatest climate benefits to access public funds," says Carl Mikael Strauss, head of a unit at the authority, in a press release.

"Energy recovery from waste already serves an important function in society. With CCS, we can also significantly reduce emissions and create permanent negative emissions on a large scale," says Malin Dahlroth, CEO of Sysav, in another press release.

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AuthorTT News AgencyEnglish edition by Sweden Herald, adapted for our readers
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