Financing the green transition is one of the largest global challenges for the coming decades. A new State of Green white paper outlines a number of examples of already financed projects and solutions for a greener future.Read more
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For the first time ever, Denmark’s official dietary guidelines do not only guide Danes on how to eat healthier, but also on how to eat more climate-friendly. The new official dietary guidelines are part of the government’s ambition to reduce the climate footprint by 70 per cent by 2030.
From 1 January 2021, Danish citizens must pay a minimum of 4 kroner (EUR 0.54) for a plastic carrier bag. At the same time, lightweight plastic bags will be banned. This is part of the Danish government’s strategy to bring down the consumption of plastic carrier bags and increase recycling.
An additional 72 cities and municipalities around the world are joining “Race to Zero”, a global campaign to mobilise cities, businesses, regions, and investors around a green and just recovery ahead of next year’s COP26 in Glasgow. A record-high 46 Danish municipalities have joined, so now a total of 66 Danish municipalities are in the race.
There is a great need for green energy in developing and emerging countries, and many Danish companies have the right solutions. An agreement between the Danish Energy Agency and the Investment Fund for Developing Countries, IFU, will contribute to sharing of the Danish green transition experience and financing solutions within green energy in a number of countries, such as India, Egypt, Ethiopia, Mexico, and Vietnam.
Haldor Topsoe, Vestas and Skovgaard Invest are the architects behind a new project that sets out to build the world’s first green ammonia plant by 2022 at the commercial scale of 10 MW power. Green ammonia, produced from renewable energy, has the potential to replace significant volumes of fossil fuels and help accelerate the global green transition.
Denmark’s energy consumption fell by almost 4 per cent in 2019 after a large decline in the consumption of coal in particular, while the consumption of wind power and biogas pulled in the other direction. The development meant that CO2 emissions from energy consumption dropped by more than 9 per cent. More than two thirds of Danish electricity consumption is now covered by renewable energy.
As part of Denmark’s ambitious plan to become independent of fossil fuels by 2050, the Danish government has agreed to cancel its ongoing 8th licensing round and all future rounds to extract oil and gas. The deal also establishes a final phase-out date of fossil extraction by 2050 and lays out plans for a just transition of impacted workers.
On 18 December, the Danish Society of Engineers (IDA), the Danish green think tank CONCITO and State of Green join forces around a virtual conference that puts focus on the green transition, green growth and future job creation. The event, which is opened by HRH Crown Prince Frederik of Denmark, will gather both private sector VIPs, high-level trade union representatives as well as members of the European Parliament.
In collaboration with the companies Ørsted, ABB and Ballard Power Systems, the ferry operator DFDS have applied for EU support for development of a ferry powered by electricity from a hydrogen fuel cell, which only emits water.
A new report from the University of Copenhagen shows that the burning of wood is significantly more climate-friendly than coal and a little more climate-friendly than natural gas in the long run. For the first time, researchers have quantified how the transition of 10 Danish combined heat and power plants (CHP plants) from coal or natural gas to biomass has affected their greenhouse gas emissions.
The Chinese Hainan Island and province could replace its entire coal-fueled energy production by 2030 by mainly investing in solar and wind power. A shift from coal to wind and solar would cost only 2 per cent more annually compared to business as usual. This is the conclusion of a new study from the Danish Energy Agency.
A new report by the International Energy Agency says that India and Europe will lead the renewables expansion in the year to come, and the future looks bright too. A new analysis by the green think tank EMBER shows renewables will double in the next decade to deliver 60 per cent of EU’s electricity demand in 2030.
How important is access to clean air in our cities? And how valuable is access to clean water and proper sanitation to city life? Both air and water are under pressure in our cities as a result of increasing urbanisation, and the human and economic consequences are immense. However, many solutions to tackle the challenges already exist – and maybe the time has never been better to speed up the transition to a cleaner and more sustainable future?
At the ‘Climate Investment Summit’ held on 3-4 November 2020, Finance Denmark pledged to dramatically reduce the carbon footprint of Danish private investments in retail funds. Moreover, the Danish pension industry announced that USD 8 billion has been invested in the green transition since Danish pension funds committed at the 2019 UN Climate Action Summit to increase green investments by USD 50 billion by 2030.
The climate crisis is accelerating at an unprecedented rate but urban climate adaptation plans are failing to keep up with the pace. 75 per cent of all European cities have no climate adaptation plans as we speak. In Copenhagen, several climate change initiatives have been taken and more projects are underway.