- CEM Investment and Finance (CEM-IF)
- Power System Flexibility Campaign
- Long-Term Energy Scenarios for the Clean Energy Transition
Goals and ambitions
Since, 1990, Denmark has reduced its greenhouse gas emissions from energy consumption by 33% while more than doubling its GDP from 138 billion DKK in 1990 to 306 billion DKK in 2016.
For many years, Denmark has been one of the leading international players in the development of clean energy solutions. Public-private partnerships on renewable energy have been a contributing factor as the government and leading companies have cooperated to ensure the continuous development of wind energy, now meeting over 43% of Denmark's final electricity consumption. Denmark's green energy transition rests on balanced energy prices, export potential, and greenhouse gas emissions reductions.
One of the world's highest levels in security of supply has been reached in Denmark's power sector, partly due to the regional integration of the Nordic power systems. The creates a framework for a flexible, integrated, and modern energy system with increased electrification of all sectors.
Denmark's clean energy transition is safeguarded through ambitious political objectives with the primary goal of independence from fossil fuels in 2050 and a goal of 50% of Denmark's aggregated energy consumption to come from renewable sources by 2030. This transition is aimed at maintaining energy security, economic growth and jobs, and greenhouse gas reductions in accordance with the Paris Agreement's ambitious goals. This is, in part, secured through the Clean Energy Ministerial, where best practices can be exchanged for a mutual assurance of an international clean energy transition.
Facts and figures
- Denmark's production of green goods and services in 2015 totaled 192 billion DKK.
- The green sector employed approximately 67,000 full time positions in Denmark in 2015.
- Denmark's energy technology exports represent almost 12% of total goods exported, totaled over 71 billion DKK in 2015, and is expected to increase to more than 140 billion DKK by 2030.
- Denmark aims to reduce its greenhouse gas emissions by 40% by 2020 from 1990 levels, which surpasses the legally-binding European Union commitment of 34%.
- Denmark has twice in a row been awarded by the World Energy Council for having the world's highest energy security.