da flag go to the original language article
This article has been translated by Artificial Intelligence (AI). The news agency is not responsible for the content of the translated article. The original was published by Ritzau.

Denmark proposes EU guarantee to secure green investments

by AI | 26.Sep 2024 | Europe in brief AI

Denmark proposes a new joint EU guarantee facility behind large green investments. The idea will be presented on Thursday.

Mario Draghi recently delivered his report to the President of the European Commission, Ursula von der Leyen.

A common EU guarantee facility should strengthen European competitiveness through large green investments and investments in areas such as artificial intelligence.
This is a proposal from Minister of Business Morten Bødskov (S). He is in Brussels on Thursday, where he will present the Danish idea at a meeting for EU countries’ ministers responsible for competitiveness.
Thus, the Danish government is now partially unveiling Denmark’s response to the so-called Draghi report.

The report was presented by the former head of the European Central Bank, Mario Draghi, in September, and it points to enormous challenges for European competitiveness.
“The Draghi report emphatically states that the EU community is challenged when it comes to investments in new technology. Especially green technologies and green transition,” says Bødskov.

The Draghi report points out that the USA and especially China are investing massively in green transition. And it is happening with less bureaucracy and faster access to money than in the EU.
Therefore, the Danish government proposes the establishment of an EU guarantee facility. Here, the EU, via the EU budget, will help guarantee investments in, for example, green infrastructure projects. This should encourage private investors to join in and invest private funds in the projects.