To: Wharf Rat who wrote (10057 ) 3/5/2010 6:03:32 PM From: Wharf Rat 1 Recommendation Read Replies (1) | Respond to of 24213 Denmark a net exporter of energy until 2012 The Danish government's report on energy supply security shows that Denmark is the only country in the EU that is a net exporter of energy The Danish government's report on energy supply security, presented last week by Climate and Energy Minister Lykke Friis, shows that Denmark is the only country in the EU that is a net exporter of energy, and that the country has a modern and well-functioning infrastructure with very high energy supply security in electricity, natural gas and district heating, reports the Ministry of Climate and Energy in a press release. On average, the electricity supply experiences outages of less than half an hour annually, corresponding to a supply security of 99.9%. In 2012, production of oil and gas in the North Sea will however drop to a level that will make Denmark a net importers of fossil fuels. "Both climate change and increasing scarcity of oil and gas in the future challenge our energy supply. The report is the first step in the government's work on a plan for how Denmark can become independent of fossil fuels. The next step will be when the government, based on the Climate Commission's report, presents an objective for when Denmark can become independent of coal, oil and gas. We need both significant energy savings and a marked expansion of the renewable energy supply", said Lykke Friis, adding: "The initiatives the government is taking will kill three birds with one stone – they create the foundation for renewed green growth, benefit the climate and support supply security. The lower the energy consumption and the more renewable energy we have, the better prepared we are for tomorrow's suppliers of oil and gas in the global energy race. At the same time we are working on strengthening the energy infrastructure." Facts: • Since 1997, Denmark's energy production in the form of oil, natural gas and renewable energy, has outstripped energy consumption • Oil's share of total energy consumption has dropped from 93% in 1973 to 40% today, while the share of renewable energy has increased from 1% to almost 19%, calculated after the EU method • Denmark spends approx. DKK 100 billion on energy annually corresponding to 5-6 % of GDP • Since the oil crisis in the 1970s, GDP has grown by 104%, while energy consumption has remained almost unchanged, corresponding to an energy efficiency improvement of 48% • It is estimated that with known technology, Denmark has an energy saving potential of at least 50% in households and public sector buildings, and 30-40% in the commercial sector denmark.dk