Denmark Advocates for Unwavering EU Green Transition Amidst Defense Spending Surges
Denmark's climate minister urges European nations to persist in their green transition, as the EU prepares a 2040 climate target to cut emissions despite some member states' cost concerns. Denmark will lead EU climate negotiations, advocating for renewable energy and nuclear power as solutions amidst rising defense spending and geopolitical tensions.

Denmark's climate minister is urging European countries not to pause their green transition as the continent grapples with budgetary pressures owing to increased military expenditures. The EU is preparing to propose a 2040 climate target aimed at drastically reducing emissions by 90% compared to 1990 levels.
The proposal is encountering resistance from countries like Poland and France, worried about the economic burden. Denmark, slated to lead EU climate negotiations, emphasizes the importance of renewable energy and nuclear power in strengthening Europe's competitiveness.
As Europe boosts its defense spending due to geopolitical tensions highlighted by Russia's full-scale invasion of Ukraine, Denmark warns against letting these short-term challenges overshadow the need for a sustainable energy shift. The 2040 goal seeks to align EU countries between their 2030 emissions targets and a projected net-zero status by 2050.
(With inputs from agencies.)
ALSO READ
European Stocks Plummet Amid Trade Anxiety and Geopolitical Tensions
Green funds reduce corporate carbon emissions
Dollar Drops Amid Rising Geopolitical Tensions and Trade Concerns
Euro Hits Four-Year High Amid Geopolitical Tensions and Trade Uncertainty
Market Standoff: Geopolitical Tensions and Trade Uncertainty Trigger European Stock Slide