The Danish government has agreed on Wednesday to allocate two billion Danish kroner (366 million U.S. dollars) to encourage private investment in eco-friendly projects.

A green investment fund with a lending capacity of two billion Kroner has been agreed to build a greener Denmark, the country's Minister of Finance Bjarne Corydon said in a statement Wednesday.

The fund will be able to lend money to companies that intend to invest in environment-friendly projects.

The minister said the agreement would give Denmark a "green fuel."

It will not only benefit the environment, but also strengthen the country's industry leadership in environment and climate, and "thus result in green jobs and new export opportunities," Corydon said.

The government further agreed that the fund's lending capacity in the long term can be increased to a total of five billion kroner, according to the statement.

Aside from the green fund, a green innovation pool will also be created to strengthen small and medium-sized enterprises innovation.

According to Dansk Metal, a trade union for those working in information technology, engineering and mechanics, the agreement can create some 7,000 jobs.

Earlier this month, the government and the Liberal Party from the opposition have agreed on a framework for new growth package, where the energy taxes are lowered by 13.2 billion Kroner between 2014 and 2020. (1 Danish krone = 0.18 U.S. dollar) Endi

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