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Denmark to invest USD 2.1 billion in climate transition research
Livestock Biotech
Oct 16, 2024
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Livestock Biotech

Livestock Biotech

Oct 16, 2024

Denmark to invest USD 2.1 billion in climate transition research

Industry news

  • The Danish government is investing DKK 15 billion (USD 2.1 billion) until 2030 in R&D for new climate technologies across four research missions, aiming to accelerate the country's path to net zero by 2045.

  • A portion of the investment, DKK 500 million (USD 73 million), is allocated to developing technologies for a climate-friendly food sector, including solutions for reducing emissions from livestock and fertilizers and promoting alternative proteins.

  • The plan includes efforts to strengthen research capacity, improve coordination between authorities, and address barriers that impede the adoption of new climate technologies in society.

  • Analyst QuickTake: Denmark's agrifood sector, at 25%, is the largest source of the country's greenhouse gas emissions. This investment aligns with recent initiatives like the carbon tax on meat and dairy production and the national action plan for transitioning to a plant-based food system.

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