Denmark will phase out oil and gas by 2050. Here’s how.

The Danish parliament voted this month to stop issuing new leases for oil and gas exploration in the North Sea and to end oil production by 2050, making Denmark the first major-oil producing country in the world to decide to phase out production.

Denmark is the European Union’s largest oil producer and has been extracting oil and gas from the North Sea since the early 1970s. Its fossil fuel industry has historically been a large part of the funding of the country’s generous welfare state.

Denmark’s climate minister, Dan Jørgensen, told The World’s host Carol Hills the country plans to invest heavily in wind energy to help make up for the lost revenue and jobs.


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