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    Analyses: How the Danish consumption affects the world's natural resources

    The Danish consumption taps into the natural resources - not just domestically, but in major parts of the world. Our planet's resources are not infinite, and the focus on sustainability and pressure on resources is increasing., This analysis takes a closer look at the use of natural resources in the Danish economy and presents the results of the first assessment of the Danish resource footprint. The resource footprint is an attempt to account for the resources extracted from nature both in Denmark and abroad for the goods and services used in the Danish economy., Main conclusions: , Danish imports in 2016 weighed 63m tonnes. However, the production of imported goods and services is associated with an additional intermediate consumption of 70m and 21m tonnes respectively, so that total imports accounted for a resource footprint of approximately 154m tonnes in 2016., The weight of the goods exported from Denmark in 2016 was 38m tonnes, but behind the production of this was a total extraction of 102m tonnes of raw materials in Denmark and abroad. Moreover, the production of services for export required 35m tonnes of raw materials., Denmark’s resource footprint per capita is considerably bigger than the EU average. Our consumption and investments etc. required extraction of 22 tonnes of raw materials per capita, whereas the EU average was 14 tonnes., The Danish resource footprint has grown since 2013, but is lower than in 2008. Especially the consumption of goods associated with non-metallic minerals, such as stone and gravel for the construction industry, has grown., Get as pdf, How the Danish consumption affects the world's natural resources, Colophone, How the Danish consumption affects the world's natural resources, Subject group: Environment and energy, Released: 14 February 2020 08:00, No. 2020:04, ISSN pdf: 2446-0354, Contact:, Bogomil Emilov Iliev, Telephone:

    Analysis

    Analyses: Few industrial groups contribute massively to Denmark's balance of payments surplus

    For a long period, Denmark has had a surplus on the balance of payments. The manufacturing industry contributes massively to the balance of payments surplus because the sector has extensive net exports of goods. Danish industrial groups have increasingly become globally organised producing goods across borders., Accordingly, there is a close correlation between the manufacturing industry’s investments in foreign subsidiaries and Danish exports and investment income that impacts the balance of payments statistics., As part of the examination of the international organisation of industrial groups and their significance to the Danish economy, this analysis examines investments abroad and the groups’ total contribution to the balance of payments surplus in 2018. To illustrate the presence abroad, we apply a new approach to examine the ultimate destinations for the industrial groups’ investments., Main conclusions:, The contribution by just five large industrial groups to the balance of payments surplus corre­sponds nearly to the entire Danish balance of payments surplus in 2018., The industrial groups’ total contribution to the balance of payments was DKK 297 billion in 2018, which is almost twice the total balance of payments surplus., The surplus is driven by goods exports of which an increasing part never crosses the Danish border, because the goods are produced by subsidiaries abroad., Danish industrial groups have substantial investments in subsidiaries abroad. Complex group structures often lead to investments passing through several countries before they reach their final destinations., A new method for calculating ultimate hosting countries for the investments shows that par­ticularly investments in China and Russia are channelled through other countries., Get as pdf, Few industrial groups contribute massively to Denmark's balance of payments surplus, Colophone, Few industrial groups contribute massively to Denmark's balance of payments surplus, Subject group: Economy, Released: 17 February 2020 08:00, No. 2020:05, ISSN pdf: 2446-0354, Contact:, Mads Møller Liedig, Telephone: +45 40 12 97 72

    Analysis