Denmark will donate $15.6 mn in new energy

Copenhagen: The Danish government said Thursday it will donate 100 million kroner ($15.6 million) to efforts to purchase and decommission coal power plants and invest in new energy sources.

As part of our comprehensive climate efforts, the Danish government is working to phase out coal while also investing massively in new green energy sources, Foreign Minister Jeppe Kofod said in a statement.

Minister for Climate and Energy Dan Joergensen said the money will help coal-intensive countries reduce their coal consumption and create new income opportunities in local communities, which is absolutely vital to accelerating the energy transition.

Denmark's money will go to the Climate Investment Fund's new Accelerating Coal Transition program, and the primary focus will initially be on South Africa, India, Indonesia and the Philippines. The Danish government said the program includes efforts supporting alternative employment of the local population in impacted areas.