Insurance and Pension Denmark (I&P Denmark) has welcomed the Danish government’s proposal to expand green energy, whilst highlighting that it will require billions in public and private investments.

In March, I&P Denmark called on the Danish Parliament to provide a framework for, among other things, renewable energy. At the same time, the organisation called for more momentum during the green transition. The government has now come up with its proposal, Denmark can do more II, which among other things offers the expansion of renewable energy and a clean-up of outdated legislation so that it does not hinder the green transition.

However, I&P Denmark is calling for a concrete investment plan. Its CEO, Kent Damsgaard, said: "It is gratifying that the government, with a number of new concrete measures, is showing that it is ready to put action behind words to ensure that the expansion gets the extra gear needed to accelerate the green transition and ensure independence from Russian energy.

“We are facing a huge task as a society, so it is important that we consider private businesses and investors such as pension companies in the accelerated green transition.”

Damsgaard stated that the organisation shares the government’s wish to accelerate the expansion of offshore wind.

“We would encourage you to be ambitious with the expansion of energy islands and associated PtX plants that will turn power into green fuels. In this way, Denmark can also better attract money from both Danish pension companies, but also foreign investors. The latter is important if we are to be a green pioneer country,” he said.

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