Today’s news / Govt. to allocate 1bn for green support
Certain green companies will be able to apply for up to 15 percent of their costs through grants, or up to 20 percent through loans and guarantees as part of a new state support scheme. Photo: Ida Marie Odgaard/Ritzau Scanpix

Govt. to allocate 1bn for green support

The government is to allocate one billion kroner for state support to the green industry in 2024, according to Minister for Economic Affairs Stephanie Lose and Business Minister Morten Bødskov in an interview with Børsen. In 2025, more funds could potentially be allocated. “We must remember that the green industry today employs thousands of employees. And in the world we are in now, where there is incredibly strong competition, it is important that we both defend and strengthen our positions of strength,” Bødskov told the newspaper.
     Lose emphasised to Børsen that the idea of state aid is not a “classic key issue for Denmark “. Therefore, she believes that it is important that it be both temporary and targeted. The state aid will be targeted at companies that make wind turbines, wind turbine components, technology for the hydrogen industry and the power-to-x industry. /ritzau/