Denmark and US unveil green growth partnership

The partnership aims to promote green growth and uncover new potential for Danish companies in connection with the US Inflation Reduction Act, says Danish Minister of Climate, Energy and Utilities.
Photo: Janus Engel
Photo: Janus Engel

Danish Minister of Climate, Energy and Utilities Lars Aagaard, Danish Minister of Business, Industry and Financial Affairs Morten Bødskov and US Ambassador to Denmark Alan Leventhal met Monday with the aim of unveiling a new collaboration between Denmark and the US, the Ministry of Business announces in a press release.

The new partnership is intended to spur green growth and address some of the challenges that may arise in connection with the USD 370bn Inflation Reduction Act.

Among other things, the legislative package comes with state aid for the wind industry, not least in the form of production support for companies setting up shop in the US. On this aspect, the partnership seeks to elucidate what kind of role Danish companies can play in the US.

”The US is investing extensively in the green transition. That’s good news for the climate, and creates new opportunities for Danish companies which are highly capable of delivering green solutions. At the same time, we have to build the framework for the green industry to get out there and work in the EU. International collaborations are crucial to the success of the green transition and advancing the Danish industry’s green competencies,” says Aagaard.

The Inflation Reduction Act has been met with some concern in Europe, leading the EU Commission to recommend, among other things, a response to the US legislative package in the form of new EU legislation that allows for fast-tracking investments in renewable energy and increasing subsidies for green transition efforts.

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