EnergyWatch

Cost of meeting Copenhagen's climate targets will double

The municipality of Copenhagen's aim to be carbon neutral by 2025 seems to be challenged.

Photo: Ritzau Scanpix/Brian Bergmann

The municipality of Copenhagen seems to be far from reaching its target to become CO2 neutral in 2025. According to Danish media Berlingske, a new evaluation of the municipality's climate initiative, KBH 2025, shows that 200, 000 excess tons of CO2 will be emitted this year, while the bill for the initiative will be twice as high as planned.

The plan was originally expected to cost DKK 2.7 billion (EUR 360 million), however, the new evaluation sets the price at DKK 5.1 billion. Meanwhile, a calculations error regarding national vehicle emissions is partly to blame for derailed emissions reductions targets in Copenhagen, writes Berlingske.

Read the whole article

Get 14 days free access.

No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from EnergyWatch

Siemens Gamesa's deep financial woes are halfway self-inflicted

Despite successfully forwarding the external costs to customers, onshore wind projects valued at EUR 2bn are being delivered at zero-profit margins in the years to come, according to the turbine maker’s CEO. Here and there, things might have moved a bit too fast.

Siemens Gamesa drags down majority shareholder

Despite better sales than expected in the gas business, Siemens Energy downgrades its full-year guidance in the wake of Siemens Gamesa’s announcement of potentially massive losses in 2022.

Further reading

Related articles

Latest News

See all jobs