Denmark aims for 50% renewable energy target by 2050

Denmark announced Tuesday that it aims to reduce its energy consumption by twenty percent by 2020 as part of a new energy strategy for renewable energy to power at least fifty percent of its energy by 2050.

International Energy Agency Executive Secretary, Maria van der Hoeven, welcomed the ambitious plan the Danish government estimates will cost DKK5.6 billion (USD1 billion) but also cautioned that re-configuring the electricity network, within Denmark and its neighbours could require greater investment due to the interconnectors required.

Van der Hoeven emphasized that phase out of coal-fired generation capacity will have to be managed with care, according to an IEA media release.

“Electricity security must not be compromised in the medium term,” said Van der Hoeven in her statement.