EC greenlights Denmark's €1.5bn recovery planEuropost
The Commission has today adopted a positive assessment of Denmark's recovery and resilience plan, paving the way for the EU to provide the country with €1.5bn in grants under the Recovery and Resilience Facility (RRF) over the period 2021-2026.
As EU's press office states, the financing will support the implementation of the crucial investment and reform measures outlined in Denmark's recovery and resilience plan. It will play an important role in enabling Denmark emerge stronger from the COVID-19 pandemic.
“The Danish recovery plan provides a complete roadmap to an upgraded recovery, with a strong focus on the green transition. Over half of the total funding is dedicated to green objectives, such as clean transport and a green tax reform helping reduce greenhouse gas emissions. We welcome the ambition to future-proof the economy by supporting the roll-out of high speed internet to rural areas, and digitalising the public administration, businesses big and small as well as the healthcare sector," Executive Vice-President for an Economy that Works for People, said.
"In focusing on reforms and investments that will further accelerate the green transition, Denmark is setting a powerful example. Your plan demonstrates that Denmark is looking to the future with ambition and confidence," President Ursula von der Leyen added.
In particular, the EC shows satisfaction that the Danish plan represents a comprehensive and adequately balanced response to Denmark's economic and social situation, while at the same time featuring projects that address issues that are common to all Member States in areas that create jobs and growth and are needed for the twin transition.
For instance, Denmark's plan is devoting 59% of total expenditure on measures that support climate objectives. These measures include tax reforms, energy efficiency, sustainable transport and agricultural sector initiatives. They all aim at modernising the Danish economy, creating jobs and lowering greenhouse gas emissions as well as strengthening environmental protection and protecting biodiversity.
The plan devotes further 25% of total expenditure on the digital transition. Measures to support Denmark's digital transition include the development of a new national digital strategy, increased use of telemedicine, rollout of broadband in less populated parts of the country and fostering digital business investments.
The Council will now have, as a rule, four weeks to adopt the Commission's proposal for the €1.5bn to be provided in grants to Denmark under the RRF. The approval of the plan by EU finance ministers in July would then allow for the disbursement of €200m to Denmark in pre-financing. This represents 13% of the total allocated amount for Denmark.