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Denmark proposes contributing US$2.2 billion to green innovation by 2030
October 11, 2024 | Denmark, Climate | Share this update
On October 11, 2024, the Danish government released a report with a proposal to allocate DKK15 billion (US$2.2 billion) to climate-focused research and innovation by 2030.
The report is titled Speeding up the green solutions of the future – A strengthened effort for green research, innovation and climate solutions. It highlights four main research areas: carbon capture, green fuels (Power-to-X), agriculture, and the circular economy.
The report follows the Agreement on a Green Denmark which was reached on June 24, 2024, which includes measures to help Denmark reach its goal of reducing greenhouse gas emissions by 70% by 2030. This includes a DKK500 million (US$73 million) investment in green solutions for the agriculture and food industries. It also makes Denmark the first nation in the world to introduce a tax on CO2e from animal products.
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US$ amounts are cited directly from sources; in the absence of an official conversion, they are calculated using the previous week's average of the US Federal Reserve's daily exchange rates.
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