Danske Bank quits new fossil fuel financing
Denmark’s biggest bank has declared an end to fossil fuel financing, after concluding that 99.9% of its carbon footprint comes from financed emissions.
Denmark
Denmark reverses the direction of an oil rig for bulk carbon storage
Denmark is moving forward with an initiative that will take huge quantities of captured carbon out to an oil rig in the North Sea, and pump it down to sequester it in the sandstone formations that once held oil and gas.
Austria, Belgium, Denmark, Germany, and Scotland pledge more than 200 million euros for climate damages in the Global South
Rich nations, which bear the brunt of responsibility for warming the atmosphere, have long resisted making such payments, seeking to avoid assuming legal liability for their contributions to climate change.
Denmark announces aggressive carbon tax
Companies that do not pay for their pollution in the EU quota system now must pay DKK 750 per ton of CO2 they emit.
Parliament of the Faroe Islands grants equal parental rights for same-sex couples
The government coalition stood on the brink of collapse ahead of today’s third reading of two bills relating to parental rights of same-sex co-parents. Both bills from the opposition were adopted with 18 votes in favor and 13 against.
Greenland halts new oil and gas exploration to combat the climate crisis
Despite the country having a substantial amount of potential oil deposits, the government has stated that the country has ceased further exploration in an effort to combat climate change and focus on sustainable development.
World’s biggest jeweler will only sell lab-grown diamonds
This week, the world’s biggest jeweler Pandora announced it will cease to sell all mined diamonds, and switch exclusively to selling lab-made diamonds, as the BBC reports.
Maersk to deploy world’s first carbon-neutral shipping liner in 2023
The green liner is to join the fleet a full seven years ahead of the Danish company’s original date—as they hope to rapidly shape the future of marine container shipping into one that’s carbon-neutral.
Denmark to build world’s first energy island in the North Sea
Fully implemented, it will be able to cover the consumption of 10 million European households with green energy.
Denmark announces end to oil & gas exploration in North Sea
According to the Washington Post, the Danish Parliament voted on December 3 to end offshore gas and oil extraction, which had started in 1972 and made the country the largest producer in the European Union. The Danish government says it is “now putting an end to the fossil fuel era.”