New South Wales is teaming up with Denmark on ways to achieve net zero emissions by 2050.
Announcing the signing of a Memorandum of Understanding (MoU), Treasurer Matt Kean said the agreement would see the State share expertise and research with Denmark on decarbonising the economy.
Mr Kean said the MoU would support collaboration between the Governments of New South Wales and Denmark on innovation, policy and program design and trade, investment and technology transfer.
“By sharing our knowledge we can accelerate our progress towards net zero emissions by 2050 and set ourselves up to prosper in the global economy of the future,” Mr Kean said.
“This MoU provides a framework not only for New South Wales to learn from Denmark, but for Denmark to benefit from our experiences developing Renewable Energy Zones, the Peak Demand Reduction Scheme and the Energy Security Safeguard,” he said.
“Denmark is a world leader in clean energy, with wind and solar supplying 50 per cent of Denmark’s electricity.”
Mr Kean said Danish companies were also at the forefront of global clean energy technology development.
Danish Ambassador to Australia, Her Excellency Pernille Dahler Kardel said collaboration on energy exports was another priority for the two Governments, along with integrating renewables and deploying transmission infrastructure and energy storage.
“New South Wales and Denmark already have ambitious policies in place to decarbonise our electricity grids but we can learn from each other’s experiences and address some of our trickiest challenges together,” Ms Kardel said.
Mr Kean said the NSW Hydrogen Strategy set out the State’s ambition to become a global hydrogen leader, while Denmark was looking to export its wind-generated power by building two ‘energy islands’ in the North Sea.
