Denmark is in the final process of forming a new Social Democratic Party-led government with the support of the Socialist People's Party (SF), the Red-Green Alliance (Enhedslisten) and the Social Liberal party (Radikale Venstre), which found common ground late Tuesday, agreeing on a new direction for climate and energy policy.

Specifically, these four parties agreed that, among other things, Denmark must set a binding climate target to reduce greenhouse gas emissions by 70 percent relative to 1990.