Denmark has just received a new portion of the EU’s recovery fund, this time totaling 3.1 billion Danish kroner, bringing the country one step closer to a greener and safer future. The funds, which are part of a larger economic support package created after the coronavirus pandemic, are allocated to help EU countries recover from the economic damages caused by the crisis while promoting sustainable and green initiatives.
According to the Ministry of Finance, Denmark has now met 43 out of the 93 goals set in the country’s recovery plan. These goals range from economic strengthening to specific climate initiatives, including reducing dependence on Russian gas. Since the first disbursement of 2.2 billion kroner earlier this year, Denmark has further met 18 goals. These include progress in cybersecurity, implementation of CO2 capture technologies, and development of more climate-friendly transportation.
Finance Minister Nicolai Wammen expresses great satisfaction with the progress and notes that Denmark is economically stronger than many other EU countries, partly due to the effective recovery efforts. “At the same time, we are heavily investing in green initiatives, including with the funds from the European Recovery Facility,” says Wammen. He emphasizes that these investments are crucial to drive the economy forward and ensure that the Danish welfare society is both economically and environmentally sustainable.
Denmark is expected to receive a total of 10.7 billion kroner from the EU’s recovery fund by 2026, supporting the country’s continued efforts to achieve the remaining goals in the recovery plan. These funds will play a central role in Denmark’s efforts to achieve a more resilient and sustainable future.