The Government of Denmark will send to environmental initiatives most of the funds intended for recovery after a pandemic. This is reported by Bloomberg with reference to the national plan.
From the document, it follows that for measures to combat climate change, the country’s leadership will allocate 60 percent of its share in the EU Anti-Crisis Fund. In monetary terms, spending will be about 11.6 billion kroons (1.9 billion dollars). According to the conditions for the EU countries, states should spend at least 37 percent of the Fund.
“This will speed up our transition to” green politics “and will contribute to financing the ambitious environmentally friendly goal of the country. Denmark considers in a pandemic crisis the opportunity to competently focus on investment,” explained the Minister of Finance of the country Nikolay Vamen.
The Ministry of Finance Denmark has already spent a significant part of the EU allocations (33.7 percent) for tax reform by industry to support measures to reduce carbon emissions from plants, transport. In the aggregate, all initiatives will reduce carbon emissions at least 70 percent by 2030, the EU goal is at least 55 percent.
Coronavirus pandemic vannel global economy into a crisis. The chances of exiting it in 2021 are not justified yet, indicated in the report of the Higher School of Economics (HSE) in conjunction with the Russian Union of Industrialists and Entrepreneurs. One way to accelerate the exit from the recession should be a decrease in the administrative burden on the business by the governments of all countries.