The new programme will support companies in developing CCU/CCS technologies "towards market maturity", the ministry said.
Supported technologies will include the necessary infrastructure for storing CO2 in the North Sea, direct air technology in combination with CCS (DACCS), and the use of bioenergy with CCS (BECCS).
The budget has been set at €105mn for 2021, then an initial €120mn/yr until 2025.