By Paul Homewood
Denmark’s widening budget deficit is forcing its policy makers to take some hard decisions in the very area where they are considered global role models: the fight against climate change.
Denmark’s Liberal government is to reverse ambitious CO2 emission targets introduced by the previous administration. It will also drop plans to phase out coal-fired power plants and become fossil-fuel free by 2050, according to leaked documents first reported by newspaper Information.
The news about Denmark’s cost-cutting measures, which also include a reduction in green funding initiatives worth 340 million kroner ($51.5 million) through 2019, came on the same day on which U.S. President Barack Obama issued a global appeal for urgent action in the buildup to a United Nations summit in Paris in December.
Danish Finance Minister Claus Hjort Frederiksen said growing pressure on the country’s public finances means the government needs to prioritize.
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