Pledges for steeper cuts in greenhouse gas emissions made this week by the EU and the US are “worth gold” for wind turbine OEM Vestas, Jacob Pedersen, chief analyst at Denmark’s Sydbank, said.

Member states and lawmakers on Wednesday had agreed to reduce the EU’s emissions by 55% by 2030 when compared to 1990 levels, and US President Joe Biden yesterday committed his country to a 50-52% cut by the same date compared to 2005 levels.