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27 August 2018
On 29 June 2018 the government and all parties in Parliament entered into an agreement which entails a major commitment to developing green energy by 2030.
The agreement contains a broad range of green initiatives and tax reliefs on electricity which aim to encourage Danish consumers to swap fossil fuels for green electricity. Similarly, the planned modernisation of the heating sector aims to provide both companies and consumers with greener and cheaper heating.
The agreement aims to make Denmark a low emission society which is relatively independent of fossil fuels. The overall goals are that:
The agreement plans for, among other things:
A total of Dkr19 billion will be invested in renewable energy. The agreement proposes the following:
The energy sector's reaction to the new agreement has been positive. For example, Lars Aagaard, CEO of Danish Energy, stated that:
the future is electric. With the new energy agreement, the politicians are setting the frames for a greener consumption, where the Danish population will have a lot more green electricity in their outlets, and for once, it will be cheaper. The agreement shows the rest of the world who is the world champion in both producing green electricity and using it effectively, for the benefit of climate and the economy.
In addition, Kim Mortensen, CEO of the Danish District Heating Association, stated that "with the political agreement the politicians has given the many, smaller, district heating plants the tools to invest themselves out of trouble. Although this will first be seen in a few years, when the investments have materialised".
Finally, Henrik Poulsen, CEO of Ørsted, commented that "the agreement sets the right course for Denmark with an ambitious goal for renewable energy and a clear plan for development offshore wind".
For further information on this topic please contact Nicolaj Kleist at Bruun & Hjejle by telephone (+45 33 34 50 00) or email (email@example.com). The Bruun & Hjejle website can be accessed at www.bruunhjejle.com.
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