EU 2020 Targets and Energy Efficiency Opportunities in Denmark
Introduction
The EU’s Climate and Energy Package was introduced in 2009 to ensure that the region meets its 20-20-20 targets. The EU plans to reduce its GHG emissions by 20% and increase the share of renewable energy consumption to 20%. As per EU’s Effort Sharing Directive launched in 2006, each member country has committed to an indicative 9% reduction in energy usage by 2016 compared to 2005 levels.
Features and benefits
Highlights
The Danish government’s policy in recent years has focused on liberalizing the energy supply and creating a better framework for competition. Since the 1970s, Denmark has had a very strong energy policy, with the main focus on renewable energy and energy conservation. Due to this, energy consumption has been relatively constant since 1980.
In order to meet its long term targets to be fossil fuel free by 2050, Denmark will have to begin crafting a stronger legislative framework, taking into account the importance of energy efficiency. This would entail focusing on efficiency in the transport and industry sectors and not just on the residential and buildings sectors.
Given the emphasis on energy efficiency in buildings in the country, it is also likely that green building and energy efficient technology like lighting controls and smart grids will face higher demand, with public institutions leading the way.
Your key questions answered
The EU’s Climate and Energy Package was introduced in 2009 to ensure that the region meets its 20-20-20 targets. The EU plans to reduce its GHG emissions by 20% and increase the share of renewable energy consumption to 20%. As per EU’s Effort Sharing Directive launched in 2006, each member country has committed to an indicative 9% reduction in energy usage by 2016 compared to 2005 levels.
Features and benefits
- Analysis of key facets of the EU 20-20-20 targets and Denmark's interpretation of the same.
- Benchmarking of Denmark's performance against that of other major European countries in terms of energy efficiency and target achievement.
- Analysis of Denmark's performance with respect to its set targets for emissions control and energy efficiency.
- Key business opportunities generated by Denmark through policies and measures undertaken to achieve its emissions and efficiency targets.
Highlights
The Danish government’s policy in recent years has focused on liberalizing the energy supply and creating a better framework for competition. Since the 1970s, Denmark has had a very strong energy policy, with the main focus on renewable energy and energy conservation. Due to this, energy consumption has been relatively constant since 1980.
In order to meet its long term targets to be fossil fuel free by 2050, Denmark will have to begin crafting a stronger legislative framework, taking into account the importance of energy efficiency. This would entail focusing on efficiency in the transport and industry sectors and not just on the residential and buildings sectors.
Given the emphasis on energy efficiency in buildings in the country, it is also likely that green building and energy efficient technology like lighting controls and smart grids will face higher demand, with public institutions leading the way.
Your key questions answered
- Assess Denmark's potential for investment in sectors involving energy efficiency and emissions mitigation.
- Analyze trends for energy usage, emissions control and legislations in place in Denmark in order to meet its EU 20-20-20 targets.
- Identify sectors with high levels of legislative support and their future outlook.
Contents
OVERVIEWCatalyst
Methodology
Executive summary
INTRODUCTION
The European Climate and Energy Package and efficiency targets
EU Emission Trading Scheme
Effort Sharing Decision for sectors not covered in the EU ETS
Binding national targets for renewable energy
Energy Efficiency Action Plan
COUNTRY BENCHMARKING
Overview
COUNTRY SNAPSHOT
Macroeconomic indicators
Energy sector overview
EFFORT SHARING DECISION FOR NON-EU ETS SECTORS IN DENMARK
Effort Sharing Decision targets
Energy
Transportation
Agriculture and waste
Performance in relation to targets
Energy
Transportation
Agriculture and waste
Future outlook
NATIONAL TARGETS FOR ENERGY EFFICIENCY IN DENMARK
Energy efficiency targets
Targets under the 2005 energy agreement and action plan
Targets under the 2008 energy agreement
Compliance and measures employed
Future outlook
CONCLUSION
Trends for energy efficiency and emissions
Business opportunities due to the ESD targets
Performance and future outlook
APPENDIX
Criteria for increased credit allocation under the Effort Sharing Decision
Sources
Further reading
Glossary
Biofuel
Biomass
Carbon dioxide (CO2)
Carbon dioxide equivalent (CO2e)
Carbon footprint
Carbon offset
Carbon trading
Cleantech
Climate change
Cogeneration
Compound annual growth rate (CAGR)
Emissions trading
Geothermal energy
Greenhouse gases (GHGs)
Hydropower energy (hydro)
Microgeneration
Photovoltaic (PV) and solar thermal energy
Renewable energy
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Datamonitor consulting
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