Stockholm emerges as key buyer of removal credits with bioenergy carbon capture deal

Stockholm has become the world’s fifth-largest buyer of permanent carbon removal credits after signing a 15-year agreement with Stockholm Exergi for 50,000 mt/year from its BECCS facility. The credits will help offset hard-to-abate emissions from construction materials and wastewater treatment as the city pursues climate-positive status by 2030 and fossil-fuel-free operations by 2040. Stockholm Exergi’s BECCS plant, scheduled to begin operations in 2028, will capture 800,000 mt/year of CO2 from biomass combustion and permanently store it beneath the North Sea near Bergen, Norway. The project is funded through government support and carbon removal credit sales. The agreement further strengthens growing demand for engineered carbon removals in voluntary carbon markets.
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