€33 to €66 million are to be spent on the project annually.
According to rapporteur François Benoy from the Greens, the money invested in Denmark will be used to finance new projects in the domain of renewable energies: “This includes the first energy island in the world and offshore windmills in the Danish sea, as well as the development of green hydrogen. Denmark has already exceeded its national goal on renewable energy production and is therefore able to sell green electricity to us, which Luxembourg can offset. Important to note that it is not physical electricity, but statistical data that Luxembourg can offset.”
The Left criticises this strategy. According to MP Myriam Cecchetti, the national measures are not far-reaching enough to achieve the climate goals and therefore assesses that the transfers of statistical data are not fruitful.
MP Cecchetti explained: “They do not create anything new, no new production of renewable energy, but simply redistribute the produced energy on paper. Of course we support cooperation with countries that create new capacities, but this is not it. That is why I think that the government is sending the wrong signal. It created the impression that we do not have to take responsibility ourselves, but that we can simply buy our way out of it.”
The politician from the Left continued: “This is a trap in our eyes. These policies do not create anything for the future and we remain highly dependent on other states when it comes to energy. For us, trading energy on paper represents a failed energy policy of the administration.”
Minister for Energy Claude Turmes refutes this interpretation of the situation, underlining the importance of investing in cooperation and noting that the Grand Duchy cannot produce the expected amount of renewable energies by itself.
