OECD Economic Surveys Denmark 2022.

The Danish economy has recovered quickly from the COVID-19 crisis. Rapid action to support firms and households contained the economic contraction to one of the mildest in Europe, while fast vaccine rollout enabled the removal of shutdown restrictions and an early reopening.

Detalles Bibliográficos
Autor principal: Organization for Economic Cooperation and Development.
Autor Corporativo: Organization for Economic Cooperation and Development (-)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Paris : Organization for Economic Cooperation & Development 2022.
Colección:OECD Economic Surveys: Denmark
Materias:
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009705113706719
Tabla de Contenidos:
  • Intro
  • Foreword
  • Basic statistics of Denmark, 2019
  • Executive summary
  • Macroeconomic policy has supported the recovery from the COVID crisis
  • Reforms would boost labour market inclusion and productivity
  • Climate policies need to be cost-effective and socially acceptable
  • 1 Key Policy Insights
  • Introduction
  • Denmark weathered the crisis well, but imbalances are increasing
  • House prices have risen rapidly
  • Asset price growth is increasing financial stability risks
  • Fiscal policy to support wellbeing
  • Government spending supported the economy during the crisis
  • Sustainable public finances over the long term
  • Reforms to increase productivity growth and labour market inclusion
  • Supporting diffusion of the benefits from the digital transformation
  • Enhancing the benefits from strong female labour market participation
  • Improving the integration of migrants
  • Harnessing synergies between climate action and the local environment
  • References
  • 2 An effective, inclusive and comprehensive strategy for a decarbonised economy
  • The climate strategy in Denmark
  • Denmark is exposed directly and indirectly to the impacts of climate change
  • Denmark has reduced its GHG emissions and set ambitious new targets
  • Climate targets call for accelerated action, but this will have socio-economic impacts
  • A strategy to mitigate macroeconomic and financial consequences
  • Curbing labour market adjustment costs
  • The risk of emission leakage through international trade will have to be assessed and curbed to allow for an effective domestic strategy
  • Key policy instruments for a net-zero economy
  • Aligning emission pricing to accelerate the transition
  • Regulation can be a valuable part of the policy mix where cost-effective measures are targeted
  • Private investment is key for meeting climate targets.
  • Well-targeted public investment needs to play a role
  • The green transition has important implications for the finance sector
  • Research and development plays a major role in the Danish climate mitigation strategy
  • Enhancing good governance to improve coordination and monitoring
  • References
  • 3 Climate policies for energy, transport and agriculture
  • Maintaining progress in the energy sector
  • Policy measures have contributed to the falling cost of renewables
  • Electricity taxes unrelated to environmental effects should be reduced
  • Reliance on biomass for heat and power needs to be reduced
  • The rate of renovations should be increased to meet energy efficiency goals
  • Reversing the increase in GHG emissions in the transport sector
  • The transport sector has become the largest emitter of GHGs
  • Reducing vehicles' carbon intensity is the focus of government policy
  • Shifting the tax burden to encourage sustainable use of transport in a cost-effective way
  • Ramping up mitigation in agriculture
  • Danish agriculture is open to international trade and potentially vulnerable to GHG emission leakage if unilateral measures increase production cost
  • An ambitious policy mix of regulation and subsidies for carbon sequestration can enhance climate change mitigation in agriculture
  • Complementing with steps to encourage sustainable consumption
  • References.