Denmark has the best framework conditions in the world when it comes to access to energy, energy efficiency, and renewable energy, states the World Bank in a new report.
Denmark tops the Regulatory Indicators for Sustainable Energy (RISE) Index by the World Bank, capturing the quality of policies and regulations for energy access, renewable energy and energy efficiency.
On a scale from 1-100, Denmark scores 100 in ‘energy access’, 94 in ‘renewable energy’ and 86 in ‘energy efficiency’. With 94 points, Denmark takes the first place – followed by Canada and the US, each with three points less than Denmark.
Carbon pricing mechanisms and electricity consumption information
Denmark is, among other things, praised for having strong energy efficiency policies and well-enforced carbon pricing mechanisms with high coverage as well as providing consumers with information that compares their electricity consumption with other users in similar consumption categories.
Denmark will be free of fossil fuels by 2050
In March 2012, a new ambitious energy agreement was reached in Denmark. This should bring Denmark closer to reaching the target of 100% renewable energy in the energy and transport sectors by 2050.
Denmark’s energy targets include:
- By 2050, Denmark must be independent of fossil fuels.
- By 2030, at least half of Denmark's energy needs must be supplied with renewable energy.
- By 2025, Copenhagen will be carbon-neutral.
About the RISE report
RISE is the first global policy scorecard of its kind, grading 111 countries in three areas: energy access, energy efficiency and renewable energy.
The report is aimed at helping governments assess if they have a policy and regulatory framework in place to drive progress on sustainable energy and pinpoints where more can be done to attract private investments.
Read more about the RISE report here.
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