News

Biogas

Biomass

Coastal protection

+19

Denmark Scales Up Its Climate Finance

By State of Green | [email protected]

10 December 2012

“I strongly encourage other developed countries do the same - to take responsibility and make firm commitments here in Doha. At the same time, climate finance must be met by corresponding and transparent mitigation actions”, says the Danish Minister for Climate, Energy and Building Martin Lidegaard.

“Next step is to mobilize private finance, which will be a cornerstone in this endeavour”.

The climate fund

In 2012 Denmark created a climate fund to attract institutional investors. In 2012, 100 million DKK will be allocated to the fund, and another 125 million DKK is planned to be allocated early 2013.

Click here to learn more about the Danish Climate Pool

The Danish climate finance in 2013 is focussed on climate activities – bilateral and multilateral – in the poorest and most vulnerable countries, and at the same time mitigation activities in some of the growth economies with rising emissions and large mitigation potentials.

Cost-effective opportunities

Denmark still stands ready to support the Green Climate Fund with 100 million DKK (13,5 million euro) when it becomes operational. The funding will also support reform of fossil fuel subsidies and enhanced efforts on energy efficiency in developing countries, two areas with very significant cost-effective opportunities to reduce emissions.

All of the Fast Start Finance contribution is grants and all money is allocated, programmed and approved. In 2012 Denmark has allocated 46 % to adaptation and 54 % to mitigation.

For more information on Denmark's contribution to Fast Start Finance, click here

Source: The Danish Ministry of Climate, Energy and Building

For more news, go to our Newsroom

You should consider reading

Event

District energy

+6

International District Heating Summit 2026

Join us in Denmark for two impactful days of learning, exchange, and action – right in the heart of the world’s leading district heating nation. In a world marked by rising energy security risks, geopolitical uncertainty, and climate extremes, the central question is no longer what we aim to a

Solution

Circular value chains

+9

Global Value Chain & Impact Financing Analysis in Kenya’s Horticulture Sector

Kenya’s horticulture and flower industry is a critical contributor to both national exports and global supply chains. However, increasing international demands for sustainable and transparent value chains are placing new pressure on logistics systems, cold-chain infrastructure, and operational effic

Solution

Offshore wind

+3

Floatlab: Testing floating offshore wind under realistic wave and wind conditions

As offshore wind moves into deeper waters, floating foundations are expected to play a growing role in the global energy transition. Unlike bottom-fixed turbines, floating wind turbines can be deployed in areas where seabed conditions or water depths make conventional foundations technically or econ

Event

Water supply

+19

Danish Water Export Day 2026

Water Export Day is being held this year on September 1st at Danish Industry, bringing together the Danish water industry with a focus on exports. Together, we will discuss how and what opportunities exist to strengthen the export of Danish water technology and know-how. The event will serve as a pl

Partner news

Electricity grid

+7

Port of Aalborg receives EU funding for hybrid shore power project

Port of Aalborg receives EUR 1.35 million in EU funding for a new project aimed at establishing shore power that can supply electricity both to vessels at berth and to the port’s own equipment.

News

Wind energy

+2

Sound of Green: When green energy has a people problem

Across the world, the urgency to accelerate renewable energy deployment is growing, and as projects expand, so does resistance. But a new narrative is emerging – one where local trust, ownership and engagement are not optional, but essential to delivering the green transition.