The Danish Energy Agency| Source | Download
In June 2019, a new Danish Government formed a one-party minority Government led by the Social Democrats, in collaboration with the Red-Green Alliance, the Social Liberal Party, and the Socialist People’s Party. This coalition established a vision outlined in the document "A Fair Direction for Denmark." The government aims to lead the green transition, elevate climate ambitions, and align with the Paris Agreement. Emphasizing a socially balanced approach, the coalition reached an agreement on a Climate Act in December 2019, committing to a 70% reduction in greenhouse gases by 2030 (relative to 1990) and achieving net-zero emissions by 2050. The strategies outlined in Climate Act are as follows:
Decarbonization - GHG Emissions and Removals: The Climate Act sets a legally binding target to reduce greenhouse gases by 70% by 2030 and reach net-zero emissions by 2050. Climate Action Plans will follow, detailing policies for emission reduction in various sectors.
Decarbonization - Renewable Energy: Denmark aims for at least 55% renewable energy in gross final consumption by 2030. The government plans initiatives to accelerate the transition to renewables in energy and transport sectors.
Energy Efficiency: Despite expected increases in energy consumption, Denmark prioritizes energy efficiency, planning initiatives and subsidies for the period 2021-2030 to fulfill energy-saving obligations.
Energy Security: Denmark maintains a high level of energy security through decreased dependency on third-country imports, domestic production, and cooperation with neighboring countries. The focus is on increased flexibility in the energy system.
Internal Energy Market: Denmark emphasizes interconnectivity, with projects coordinated with neighboring countries and a focus on cross-border markets for balancing products. The country aims to increase flexibility in the energy system.
Research, Innovation, and Competitiveness: The government commits to spending on research, development, and demonstration of new technologies related to energy and climate. Funding is allocated for climate-related research and innovation, promoting Denmark as a nation of green entrepreneurialism.