Denmark has set a goal of becoming a 100% renewable energy nation by 2050. To achieve this ambitious target of getting all of its electricity and fuel needs from renewable sources by 2050 the country wants to add 1500 MW of offshore wind and 1800 MW of onshore wind by 2020 to begin with. Next to the renewable energy goal, the nation is determined to cut greenhouse gas emissions by 34 percent compared to 1990 levels by 2020. The country intends to get half of their energy from wind and the rest by utilizing smart grid, biogas, geothermal, wave and other sustainable technologies.
Denmark is on its way to reach its goal of 35 percent renewable energy by 2020. To achieve 100% renewable energy, the government will invest $18 million in renewable energy research and $4.5 million in wave power research by 2016, to see if these renewable energy source could help power the nation by 2050.
The government is also offering incentives for companies that invest in renewable energy and energy efficiency improvements. Power plants will receive incentives for switching from coal to biomass. By next year, no new building will be allowed to have oil or gas heaters and by 2016 no existing buildings will be able to install them.