Denmark 2019 Denmark 2019 | Page 10

energy production by including oil and gas recovery in the North Sea and development of a nationwide grid for natural gas. A real commercialisation of renewable energy sources like solar and wind power, which has contributed to the largest share of today’s renewable energy capacity, did not start until after the oil crisis in the 1970’s. Energy plans, developed throughout the 80’s and 90’s, started to emphasise investments in wind power, as a key alternative to coal. The new political and commercial support brought about by the energy plans accelerated the establishment of a solid home market for new and renewable energy technologies with an associated local industry. By the end of the century, Denmark had already become a net exporter of energy. The following years were characterised by rising oil prices and an increased awareness of climate change, further accelerating the development through new energy policy guidelines and higher general ambitions regarding the role of renewable energy in Denmark. Denmark is not resting on its laurels Despite the before-mentioned turnaround in the Danish energy system from a fossil-based to an increasingly renewable energy-based system, Denmark is becoming ever more ambitious. On top of the agenda, Denmark faces major tasks ahead in order to reach its ambitious goals, some of which include: • • • At least 50% Denmark’s total energy needs to be covered by renewable energy by 2030 A complete phase out of coal in the power supply by 2030 Achieving independence from fossil fuels by 2050 On top of this, Denmark has consistently committed itself to various energy objectives set by the European Union. In this regard, Denmark has already met the goals for 2020, and is on its way to meet the 2020 targets for reduction of greenhouse gas emission. Though ambitious targets, Denmark is also committed to meeting them in a way that does not compromise job creations, competitiveness or the security of its energy supply. There is a broad consensus in the Danish political landscape that meeting such targets requires further change of course. The Energy Agreement of June 2018 was signed by the government with support of all parties in the parliament. The agreement contributes to the energy and climate goals leading up to 2030 and beyond, and key elements of the agreement include commitments to construct three new offshore winds farms and provide funds for onshore wind and solar energy. Danish lessons learnt and technologies on the global agenda The Danish example of a green transition has served as global inspiration and is being replicated around the world. On a commercial level, this creates new export opportunities for Danish businesses within sectors where they can make a positive impact on society. Denmark is currently Europe’s leading energy technology and service exporter measured by the sector’s share of total exports. These “green exports” accounted for DKK 85 billion in 2017 and a share of 11.1% of Denmark’s total exports. Within the subsectors of energy technology and services, Danish companies possess world- leading positions, and especially within wind, water and resource efficiency, they are among the greatest suppliers of modern technologies and solutions that are necessary for a green transition to take place in the energy system. Wind power is a great example of a Danish stronghold. Seven of 10