{"id":354442,"date":"2022-02-15T06:00:00","date_gmt":"2022-02-15T05:00:00","guid":{"rendered":"https:\/\/innovationorigins.com\/?p=354442"},"modified":"2022-02-15T06:00:00","modified_gmt":"2022-02-15T05:00:00","slug":"greener-europe-frontrunner-denmark-goes-for-rigorous-tax-reform-and-co2-storage","status":"publish","type":"post","link":"https:\/\/ioplus.nl\/archive\/en\/greener-europe-frontrunner-denmark-goes-for-rigorous-tax-reform-and-co2-storage\/","title":{"rendered":"Greener Europe? Frontrunner Denmark goes for rigorous Tax Reform and CO\u2082 storage"},"content":{"rendered":"\n
Read more about the countries in this project<\/span><\/a><\/div>
More about Denmark<\/span><\/a><\/div><\/div><\/div><\/div>\n\n\n\n

About Decarbonizing Europe<\/h2><\/path><\/svg><\/div>
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What does the Recovery and Resilience Facility entail?<\/strong><\/h3><\/path><\/svg><\/div>
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The European Commission has made available an amount of 723.8 billion euros
to combat the consequences of the corona crisis and make Europe greener, cleaner, and future-proof. All member states have the opportunity to submit plans for disbursement from this Recovery and Resilience Facility.<\/p>\n\n\n\n

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Who is participating in the Recovery and Resilience Facility?<\/strong><\/h3><\/path><\/svg><\/div>
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All the member states of the European Union. All member states? No, The Netherlands has not submitted plans as yet. Although, it became public knowledge at the end of January that hard work is going on behind the scenes in the Netherlands to secure some of those European billions.<\/p>\n\n\n\n

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What do the member states have to spend the money on?<\/strong><\/h3><\/path><\/svg><\/div>
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At least 37 percent of the funding should be used for making their countries more sustainable and 20 percent for digitalization. In addition, there are also other key points:
\u2013 Smart, sustainable and inclusive growth
\u2013 Social and territorial cohesion
\u2013 Public health, economic, social, and institutional resilience
\u2013 Policy for future generations<\/p>\n\n\n\n

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What else is happening?<\/strong><\/h3><\/path><\/svg><\/div>
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Apart from that, the EC has identified several so-called flagship areas<\/a>:
\u2013 Power up<\/em> 
\u2013<\/em> Renovate<\/em> 
\u2013<\/em> Recharge and Refuel<\/em> 
\u2013<\/em> Connect<\/em> 
\u2013<\/em> Modernise <\/em>
\u2013<\/em> Scale-up<\/em> 
\u2013<\/em> Reskill and upskill<\/em><\/p>\n\n\n\n

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What is Innovation Origins planning to do?<\/strong><\/h3><\/path><\/svg><\/div>
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Over the next few months, we will be focusing on the implementation of these plans. We will be outlining what each country is doing to reduce CO\u2082 emissions, and we will be reporting on innovative projects. Infographics will allow you to compare the member states\u2019 efforts with each other.<\/p>\n\n\n\n

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A crisis like the corona pandemic calls for decisive measures. The EU has freed up \u20ac723.8 billion <\/a>in an effort to use the Recovery and Resilience Facility (RRF) to pull the European economy out of the recession caused by corona. In order to qualify for a share of this large bag of money, member states must submit a plan to the European Commission. In the series Decarbonizing Europe, we put those plans under a magnifying glass.<\/p>\n\n\n\n

The Danish recovery plan – “Fremskynder den gr\u00f8nne overgang”<\/em> (“Accelerating the Green Transition”) – is predominantly dedicated to the green transition. 59 percent of the total 1.55 billion euros will go to initiatives that accelerate the green transition. Only Luxembourg has a higher share (61 percent<\/a>). A quarter of the budget is reserved for the digital transition.<\/p>\n\n\n\n

The government has outlined the Danish climate target – to reduce greenhouse gas emissions by seventy percent by 2030 – as “one of the most ambitious in the world.<\/a>” Initiatives from the recovery plan should together achieve a carbon reduction of twenty percent. In order to make these ambitions a reality, Denmark is focusing on green tax reform and investments in energy efficiency in buildings (e.g., through electric heat pumps), and CO\u2082 storage.<\/p>\n\n\n\n