Perspective
Climate COP
Green financing
In the month leading up to COP30 in Bélem, Brazil, we unfold some of the various focus areas for the partners at the Denmark Pavilion.
Learn more about the Danish efforts, ambitions and activities at COP30, and connect with future solution providers.
Discover Denmark at COP30Last year’s COP29 was dubbed the ‘finance COP’. Negotiators adopted the New Collective Quantified Goal (NCQG), set at USD 300 billion annually by 2035. They also agreed to scale up finance to developing countries to USD 1.3 trillion per year by 2035. COP29 concluded the Paris Agreement negotiations, making COP30 the first to focus on its implementation.
Finance will remain a key focus at COP30, especially the implementation and scale-up of the agreements made at COP29. Particular emphasis will be placed on finalising the rules for carbon markets and mobilising the new climate finance goal.
The green economy accounts for 5.5 percent of Denmark’s GDP, and green technologies make up 8 percent of Danish exports.
Financing the green transition remains one of today’s most pressing challenges. According to the International Energy Agency’s (IEA) Net Zero Roadmap 2023, clean energy investments must reach USD 4.5 trillion annually by 2030 to stay on track.
Denmark continues aims to lead the way in green finance, driven by pioneering pension funds, asset managers and public investors. With strong experience in financing the green transition both at home and abroad, Denmark has become a recognised frontrunner in ESG and sustainable investment.
The Danish insurance and pension industry manages EUR 535 billion on behalf of its customers – one of the world’s largest pension asset pools relative to GDP, with around two-thirds invested internationally. While the core aim remains to generate returns, there is a growing commitment to investing responsibly and managing Environmental, Social and Governance (ESG) risks.
The Danish pension industry has already invested USD 50 billion of its pledged USD 65 billion in climate and environmental projects by 2030. The collective pledge was the first of its kind globally.
Explore our white paper on green financing, offering an overview of key approaches to funding the global green transition. Showcasing successful examples of green finance, the publication aims to foster shared understanding among stakeholders and inspire action to accelerate the transition to a sustainable future.
Discover the white paper
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Energy efficiency in buildings
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Green financing
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