Denmark will stop issuing new licences for oil and gas exploration and phase out the production of fossil fuels by 2050, after a ground-breaking deal was sealed in parliament on Thursday evening. The Scandinavian country is the largest oil producer to commit to a managed decline of the sector, nearly 50 years after it started extraction of hydrocarbons in the North Sea. The minority Social Democrat government reached agreement with five other parties to cancel the country’s latest licencing round and all future tenders. The deal includes support for alternative economic development and job creation in the Esbjerg area, where the country’s offshore oil activities are concentrated. Climate and energy supply minister Dan Jørgensen said he hoped the decision would inspire others to take similar steps. “We are now putting an end to the fossil era, and drawing a straight line between our activities in the North Sea and the Climate Act’s goal of climate neutrality in 2050,” he said. “This is what climate leadership looks like,” declared Greenpeace in a statement.
Climate Change News 4th Dec 2020 read more »
Denmark’s climate minister is fairly certain that the deal to close down the nation’s oil industry by 2050, announced on Friday morning, marks the biggest moment in his career. “I think this is probably going to be the biggest decision that I’m a part of in my life,” Dan Jørgensen tells the Guardian hours after the announcement. “This obviously wasn’t an easy decision. We are the biggest oil producer in the EU. We have, since the 1970s, to a large extent financed our welfare state with oil money. So to say, ‘stop’, and to pay the cost for that, is a big deal for us.” To call it the “biggest decision” is nonetheless significant for the man who for the past year has been the public face of what many argue is the world’s most ambitious climate goal, Denmark’s plan to cut emissions by 70% by 2030.
Guardian 5th Dec 2020 read more »