Bloomberg News reports, that the Danish government has presented a plan to invest in renewable energy, including wind power and biogas, in order to ensure their independence from oil, gas and coal by 2050.
The federation of Danish Investment Association, also reported that in 2010, 88% of Denmark’s 50 largest banks, insurance companies, mutual funds, and pensions had a social responsible investment policy. Denmark also, plans to increase its wind capacity to 42 percent, while cutting energy consumption by 6 percent by 2020.
Danish investors, general apply what is called the "Scandinavian model," where investors focus on possible violations and implementing the standards regarding environmental and social issues. Moreover, 50% of Denmark’s largest investors have signed UN principles for Responsible Investment (UNPRI).
“No one is saying that carrying out major investments in energy efficiency and expanding our use of renewable energy is going to be free,” said Climate and Energy Minister Lykke Friis, to Bloomberg news- “But the alternative is continued dependence on fossil fuels, which all indicators show will only become more expensive in the years to come.”
I agree with you, it's fantastic that countries are investing in being sustainable, it's a very important aspect for our future. I really think that we will start seeing it more and more.
Posted by: Eliana | March 08, 2011 at 07:29
Its a good thing that over the past years more and more countries are starting to invest in using renewable sources. This just goes to show their concern for the environment.
Posted by: renewable sources | March 06, 2011 at 04:17