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Thursday, February 22, 2024

Denmark outpaces UK in race to zero – Climate Weekly


On cutting emissions, though, the newly adopted 68% target for 2030 is genuinely one of the strongest in the world. Much of the credit must go to those with the foresight to set up the independent Climate Change Commission, whose advice no British government can ignore. The target must be followed with detailed policies to be credible.

It sets the bar for the ambition summit the UK is co-hosting on 12 December to mark five years since the gavel came down on the Paris Agreement at Le Bourget.

Hats off to Denmark for immediately one-upping its neighbour across the North Sea, with a deal to phase out fossil fuel extraction by 2050. The first pledge of its kind from a significant — albeit not massive — oil producer, it brings supply-side climate policy in line with demanding emissions goals, a disconnect most countries are failing to address.

This goes with the grain of its national industry, following state-owned oil company Dong’s transformation to clean energy major Ørsted. Which, incidentally, recently overtook Britain’s (not beyond petroleum) BP in market capitalisation.

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