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Denmark presents a green energy transition calculator at COP 21

The Danish Energy Agency presented a brand new economic model for calculating international, green investments at the current climate summit in Paris. The calculator illustrates the benefits of investing in quality products as part of a cost-effective transition to renewable energy.

The cheapest solutions in the short term are not always what will bring the most socioeconomically low-cost energy supply in the longer term. To address this issue the Danish Energy Agency (DEA) is now launching an international model called ‘Levelized Cost of Energy Calculator’ (LCoE Calculator). The calculator is created to analyze and calculate the country specific economics of various technology choices relevant for expanding the energy supply for the fast growing economies, including socio-economic effects such as health and environmental impacts and costs and vulnerability towards future fuel and CO2 prices. Long-term perspectives and quality aspects of technological solutions can facilitate a more holistic view of the energy transition toward a low carbon society involving renewable energy and the LCoE Calculator is an efficient tool in this process.   

About the model:

  • The calculator is able to update Danish partner countries about the effects of the rapidly falling technology prices on energy sources such as solar and wind power.
  • The model will be extended with modules, which makes it possible to make the same calculations energy efficient technologies. The price on new capacity has to be comparable to the saved price on energy through new technology and energy efficient activities.
  • The LCoE Calculator is part of the Danish cooperation and activities, with the purpose of supporting a environmentally sustainable development in the world’s growing economies, while at the same time promoting Danish quality solutions.

The model was presented at a side event in Paris at COP 21 where the most important stakeholders in the energy industry currently are.

Read more about the calculator and give the calculator a try here

 

Introduction to the LCoE Calculator,  Quality of Wind Power (en),  Quality of Wind Power (cn)

Henrik Breum
Specialkonsulent
Center for Global Rådgivning og Forhandling
Tlf.: 33 92 78 12
HEBR@ens.dk

Subjects

Press contacts

Ture Falbe-Hansen

Ture Falbe-Hansen

Press contact Head of Media Relations Danish Energy Agency +45 25 13 78 46
Morten Christensen

Morten Christensen

Press contact Team Leader Danish Energy Agency +45 3392 6858

Welcome to Danish Energy Agency!

The work of the Danish Energy Agency involves matters relating to energy supply and consumption, as well as Danish efforts to reduce carbon emissions. The Agency is also responsible for Danish building policy and promotes more sustainable building with regard to energy consumption, use of materials and economic issues.

The Agency is responsible for the entire chain of tasks linked to energy production and supply, transportation and consumption, including energy efficiency and savings as well as Danish national CO2 targets and initiatives to limit emissions of greenhouse gasses. The Agency supports building-policy initiatives to increase the productivity and quality of building as well as the operation and maintenance of buildings, with focus on sustainable building. The Agency also collaborates with the building sector to establish a good framework for the industry.

The Danish Energy Agency was established in 1976, and is an agency under the Ministry of Climate, Energy and Utilities.

Danish Energy Agency
Carsten Niebuhrs Gade 43
1577 Copenhagen V
Denmark