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Photo by juan carlos (fotos_de_jc on Flickr CC)
A new Danish report states that the Scandinavian country could produce all of its energy without fossil fuels within 40 years.
The report, by the government of Denmark’s climate commission, cites the rising cost of oil and gas coupled with the lowering prices of renewable energy.
From an article in the Guardian:
The report will also send a very clear and important signal to other countries that wind is a sustainable source of energy for future development. This is a great opportunity to solidify Denmark’s reputation as a laboratory for green, CO2-free power technology solutions that are globally required.
–Vestas chief executive Ditlev Engel
The commission recommends that Denmark invest 0.5% of its annual GDP in renewable energy in order to meet the 2050 target.
According to a report by Xinhua, the report gives 40 different ways for Denmark to become fossil fuel independent, including housing insulation, technological innovation and tax incentives.
