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Danish parliament agrees to set up EUR 7bn green fund

The broad majority of Danish parliament agrees to establish a new fund worth roughly EUR 7bn to invest in climate change mitigation.

Photo: Emil Helms/Ritzau Scanpix

A broad group of parties in the Danish parliament have reached an accord to establish a green state fund to invest in reforestation, expanding offshore wind, and installing other green transition technologies like Power-to-X, pyrolysis, and carbon capture and sequestration.

Capitalized with DKK 53.5bn (EUR 7.2bn), the new green fund is meant to further accelerate the green transition in the period 2024–2040.

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