Danish Government Invests $100 Million In A Plant-Based Fund - Plantefonden

The Danish Government has decided to invest DKK 675 million ($100 million) to a plant-based fund Plantefonden to aid the plant-based sector in Denmark.

In the agreement led by the Ministry of Food, Agriculture and Fisheries, the plant-fund will invest and propel the research towards climate-friendly foods.

Over 60% of Denmark’s land is used for agriculture out of which 70% is used to grow food for animals. But with more awareness about the impact of food choices, consumers are increasingly shifting to pick more sustainable options.

Denmark is already leaps and bounds ahead compared to most of Europe in the adoption of green practises. Already known as the State of Green, the government invests heavily towards a green transition in the food industry by encouraging energy-efficient production of food, fighting food wastage, promoting organic foods and adopting sustainable packaging.

With sustainability and health as their main objective, the Danish Food & Agriculture Council is aiming to be climate neutral by 2050.

The government entered into an agricultural agreement in October 2021 with all the political parties to push for their climate goals through support to businesses, more research into product development and investments to companies that will further their goals. The Plant Fund will also be used towards encouraging Danish farmers to cultivate more protein-heavy crops like legumes to assist plant-based industries.

With this announcement of setting aside of $100 million, the Danish Plant-based Association will receive a seat on the board of Plantefonden.

“It is both a milestone and a great recognition that we are hugely honoured when we established the industry association just 3 years ago,” said the head of the secretariat of the Danish Plant-Based Food Association, Frederik Madsen.

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