Jacob Rasmussen

Presentation Ⅰ

(Counsellor Energy & Environment, Embassy of Denmark, Korea)Government-industry cooperation on sectoral decarbonisation

[ session 2 ]

Climate Action Conference WWF, Seoul, June 24, 2020

Jacob Rasmussen, energy COUNSELLOR

Embassy of Denmark in Korea

AgendaCAP. 1: the story of Denmark's green transition

Cap. 2: Danish Climate Partnerships

CAP. 3: How can Korea move forward on the green agenda?

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 3

The story of Denmark's green transition

Stepping stones

99 % dependent on imported energy

Oil crisis with soaring prices hit Denmark’s economy hard

Wake-up call: From energy security to energy diversity

1970 1985 1997 2012 2018 TODAY 2030 2050

Energy mix

1970: 2% renewable energy

Oil

Natural gas

Coal

Waste, non biodegradable

Renewable energy

Total final energy consumption

DENMARK’S GROSS ENERGY CONSUMPTION (PJ)

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 4

The story of Denmark's green transition

Stepping stones

1976: Denmark’s first national energy action plan introduced

1985: Denmark’s parliament: NO to nuclear power YES to expansion of wind

energy capacity to 100 MW and focus on energy efficiency

Energy mix

1970 1985 1997 2012 2018 TODAY 2030 2050

Oil

Natural gas

Coal

Waste, non biodegradable

Renewable energy

Total final energy consumption

DENMARK’S GROSS ENERGY CONSUMPTION (PJ)

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 5

The story of Denmark's green transition

Stepping stones

1997: Denmark becomes self-sufficient in energy through own production of oil, natural gas and renewable energy

Continued focus on energy efficiency in industries and households

Energy mix

1970 1985 1997 2012 2018 TODAY 2030 2050

1995: Denmark’s energy mix was similar to that of Korea today with 5% renewable energy

Oil

Natural gas

Coal

Waste, non biodegradable

Renewable energy

Total final energy consumption

DENMARK’S GROSS ENERGY CONSUMPTION (PJ)

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 6

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

Stepping stones

Danish Energy Agreement in 2012: Denmark independent of fossil fuels by 2050

The agreement is characterised by its ambitious scope, broad political support and long time horizon

Energy mix

2012: Energy mix with 24,3% renewable energy

Oil

Natural gas

Coal

Waste, non biodegradable

Renewable energy

Total final energy consumption

DENMARK’S GROSS ENERGY CONSUMPTION (PJ)

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 7

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

June 2018: New Danish Energy Agreement

Agreement reaffirms and strengthens Denmark’s climate and energy goals towards 2030

All parties in the Danish parliament behind agreement Fulfils obligations regarding UN SDGs

Key elements: Three new large offshore wind farms – 2.400 MW New funds for onshore wind and solar energy Targeted effort to realise energy savings Strengthening energy and climate research

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 8

The story of Denmark's green transition

1970 1985 1997 2012 2018

Progress so far

today

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 9

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

December 2019: danish climate act

Key elements Reduce green house gas

emissions by 70 % in 2030 compared to 1990 level

Netzero by 2050

Legally binding

Milestones• Every five years the government

must set a legally binding target with ten-year perspective

• During the government’s forthcoming Climate Action Plan in 2020, an indicative milestone target will be set for 2025

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 10

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

December 2019: danish climate act

Annual Climate Action Plans Government will create annual

Climate Action Plans that will outline concrete policies to reduce emissions for all sectors

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 11

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

Since 1990:

Denmark’s GDP 55 %

Energy consumption 6 %

CO2 emissions 38 %

Going green while growing the economy

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 12

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

Wind energy 47 % of Denmark’s electricity is generated by

wind energy in 2019 = world record

By 2028: Renewable energy will produce more than 100 % of our national electricity consumption

Establishment of two of the world’s first energy islands with offshore wind

- Minimum capacity of 4 GW- Potential of 10 GW

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 13

The story of Denmark's green transition

1970 1985 1997 2012 2018 TODAY 2030 2050

ENERGY ISLANDS: climate Agreement signed on 21 July 2020

CLOSE TO SHOREFAR FROM SHORE

LARGE SCALE FAR FROM SHOREBusiness as usual

North Sea Wind Power Hub

AC

platform

DC

platform

Hub and

spoke

> 4 GW wind farms

> 80 km offshore

[Minimum 10 GW in 2030]

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 14

Moving from black to green energy is challenging and requires collaboration and partnerships

1970 1985 1997 2012 2018 TODAY 2030 2050

The story of Denmark's green transition

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 15

Climate act - From ambitions to action

”We didn’t do it because it’s easy, but because it’s hard

Dan Jørgensen, Minister of Climate, Energy, and Utilities

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 16

Climate partnerships - From ambitions to action

Danish government based on green ambitions of making Denmark a green powerhouse again

Established in November 2019 by the Danish government as a part of climate action plan with 70 % emission reduction target

13 climate partnerships across all sectors and industries – most ambitious broad-based cooperation so far

CLIMATE PARTNERSHIPs

Transport and

logistics

Service, IT and consultancy

Aviation

Waste, water and

circular economy

Construction

Life science and biotech

Commerce

Production

Energy and utility

‘The Blue Denmark’

Energy-intensive industry

Food production

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 17

CEOs are the chairmen of the climate partnerships

CLIMATE PARTNERSHIPs

Transport and

logistics

Service, IT and consultancy

Aviation

Waste, water and

circular economy

Construction

Life science and biotech

Commerce

Production

Energy and utility

‘The Blue Denmark’

Energy-intensive industry

Food production

Commitment Involvement

Co-determination Ownership

Climate PARTNERSHIPS

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 18

Climate PARTNERSHIPS

BUSINESS SECTORMake extensive investments

in new technology and infrastructure

POLITICIANSEnable the transition with the

regulatory framework

70 %

EMISSION

REDUCTION

Mutual agreement

Objectives Suggestions and solutions

transforms into a concrete and complete action plan

Targets1) Contribute to solving the climate challenge

both national and international2) At the same time ensure a strong business

sector, job creation, and a wealthy society

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 19

Climate PARTNERSHIPS

Every sector shall define and operationalize their solutions and efforts on how to reduce the climate impact towards 2030

BUSINESS SECTORMake extensive investments

in new technology and infrastructure

POLITICIANSEnable the transition with the

regulatory framework

70 %

EMISSION

REDUCTION

Mutual agreement

How to progress?

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 20

Climate PARTNERSHIPS

Incentives from the private sectors

Co-determination about how to meet the targets formulated by the government

New business opportunities and pave the way for more green export adventures

The future is green – need for adapting sooneror later.

RE100 company resolution: committed to 100% renewable electricity [http://www.there100.org/]

Green future: RE100

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 21

WHAT IS RE100?

A collaborative initiative of influential businesses committed to 100% renewable electricity

Working to massively increase corporate demand for - and delivery of - renewable energy

So far 241 companies have made a commitment to go '100% renewable‘

Why Renewable energy?

Great opportunity to create new jobs national

Energy transitions towards renewable energy does not only create jobs, but also affect other sector where the demand of being greener is enhanced

Companies starting to move more production outside Korea to comply with RE100 company resolution

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 22

Climate partnerships – progress so far

From national strategy to action in 18 months: operationalizing

ABSTRACTION

[Ambitions, strategies, good intentions]

Cooperation

[Public – private]CONCRETION

[Action plans, targets,

definitions]

- The energy and utility sector defines five tasks for the national strategy to solve

- The five tasks are concretized into 20 specific climate-decisions that have to be decided to ensure climate action

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 23

Climate partnerships – progress so farfrom climate strategy to climate action: energy and utility sector

2019Latest medio 2020

Latest medio 2021

CLIMATE TARGETS

Passed climate targets

Climate act

CLIMATE STRATEGY CLIMATE ACTION 70 %

5 tasks 20 decisions

Task 1

Task 2

Task 3

Task 4

Task 5

December 2019:

Climate act [setting the framework for the climate targets]

June 2019:

Passed climate targets

Retail regulation

Investments

The five tasks and twenty decisions are supported by retail regulation

Demand and risk sharing enables households and the private sector to mobilize the required investments

The result of many decisions made by many actors in very limited time

2021+ 2021+ 2030

CLIMATE STRATEGY

5 tasks 20 decisions

Task 1: Set a governing target of at least a 95% reduction in emissions from the energy and utilities sector

Task 2: Set a governing goal of halving the total burning of fossil energy in buildings, transport and industry

Task 3: Prepare a governing ten-year roadmap for hydrogen-based fuels with a focus on how the state and industry can collaboratively reduce setup and usage costs

Task 4: Set a target for development of renewable energy, which ensures sufficient capacity to support full, green transition of Denmark

Task 5: Set of frameworks for the development of the Danish energy infrastructure, which supports full, green conversion of Denmark

1. 2. 3.

4. 5. 6.

7. 8.

9. 10.

11.

12. 13.

14. 15.

16. 17.

19. 20.

18.

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 24

take away points for Korea

INNOVATION CENTRE DENMARK - We boost growth, employment and knowledge in Denmark through internationalisation of Danish companies and research 25

take away points for KoreaPublic sector

[State/authorities]

Major Energy User’sCouncil

Danish Energy Agency

Energinet

Research institute

[Academia]

DTU

Aalborg University

…

Private sector

[Industry]

Vestas

Siemens Wind

BWSC

…

Green ambitions in Korea

• 3020

• Netzero 2050

How does Korea become as a green powerhouse?

Concretize and operationalize ambitions into action

Triple helix

Population demand and pressure

Local Acceptance

Control Tower Streamlined consenting process

De-risking approach