* The 8th tender round and all future tender rounds are canceled, which means that companies can no longer get a permit for oil hunting in the North Sea.
* The decision will especially cost jobs in Esbjerg and the surrounding area. A “locally based initiative” is therefore being launched to “support development and employment in Esbjerg and the surrounding area”.
* To further strengthen climate efforts, funds are set aside to support the study and preparation of the possibility of storing CO2 in spent oil and gas fields.
* It is also expected that the decision will mean that 9 to 15 percent less fossil fuel will be recovered in Denmark.
* However, the decision will have a limited effect on Denmark’s goal of reducing greenhouse gas emissions by 70 percent in 2030, because the decision will only take effect in the longer term, says Dan Jørgensen.
* The decision will, in turn, have great significance for the goal that Denmark must be climate-neutral by 2050, says the Minister of Climate.
* The decision means that the state is missing out on 13 billion kroner in revenue from the oil.
* Several of the parties behind the agreement call it “historic” because Denmark is the largest oil producer in the EU (Norway is not a member of the EU).
Sources: Ministry of Climate.
Source: The Nordic Page