The path towards the 2030 target has become considerably shorter. Last year, the Ministry of Climate assessed that the so-called CO2 deficit, which was last at 5.4 million tons, this year it has fallen to 1.5 million tons.
This is due, among other things, to a more positive expectation of the number of electric cars. In addition, the climate projection estimates that the electricity and district heating sector is set to become the first sector without CO2 emissions. In fact, the sector will deliver negative CO2 emissions in 2030.
But despite the improvements, there is no room for complacency, says a press release from Green Power Denmark.
- The path towards the 2030 climate target is constantly getting shorter. This is really good news for the climate. But the last kilometers towards the finish line are both uneven and full of hairpin bends. In the next six years, a focused effort will be needed if we are to succeed, says Martin Ingerslev, chief economist at Green Power Denmark.
The business organization points out that there are still uncertainties surrounding many of the climate measures. For example, a large part of the expected CO2 reductions up to 2030 must come from new CCS plants - more precisely 2.5 million tons. This involves investments in the billions for new CO2 capture plants, logistics and storage facilities. All investments must be made within a few years, and all plants must deliver full reductions from 1 January 2029 if the assumptions in the climate projection are to be met.
- Politicians have invested heavily in CO2 capture and storage to reach the 2030 target. But there is still a big question whether the full potential can be reached by 2030. The latest CCS tender was both significantly more expensive and delivered fewer CO2 reductions than previously assumed, says Martin Ingerslev.
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