SHARE
COPY LINK

BUSINESS

Danish business can reduce emissions and create 120,000 jobs, confederation says

The Confederation of Danish Industry (Dansk Industri, DI) says that it is possible to reduce the country’s climate impact while creating thousands of jobs and increasing prosperity.

Danish business can reduce emissions and create 120,000 jobs, confederation says
File photo: Bax Lindhardt/SP/Ritzau Scanpix

The organization, a private interest group made up of approximately 10,000 Danish companies, has released a new climate plan which targets a 65-70 percent reduction in CO2 emissions by 2030.

That puts DI in tandem with the government’s stated goals on emissions reductions. The Social Democrat government wants a 70 percent reduction on 1990 emissions levels by 2030.

READ ALSO: Environmental organizations cheer 'historic' Danish climate goal

DI estimates that the plan could create as many as 120,000 jobs in the private sector, boosting Denmark’s economy by 110 billion kroner.

“Companies must, to a great degree, be at the forefront of developing the technology which will get us to the high climate targets,” DI CEO Lars Sandahl Sørensen said.

“Denmark has a tradition for creating energy efficiency and sustainable energy. We in Denmark can be a laboratory for the rest of the world in developing the technologies needed for a worldwide green conversion,” Sørensen continued.

The DI plan includes climate initiatives costing up to 16 billion kroner and 150 different political proposals.

That includes more consistent taxation of CO2 emissions and investment in efficient energy use in industry and in buildings.

DI also believes fossil fuel use in the transport sector can be phased out and that electric cars should be exempted from registration fees.

READ ALSO: Explained: Why is it so expensive to buy a car in Denmark?

Construction of two new offshore wind farms as well as new on-land solar and wind power facilities is also outlined.

The plan also includes a number of measures intended to help finance the climate-related projects.

Those include reforms to boost employment of those currently out of work, new graduates and skilled foreign labour.

Tax and finance measures would reward companies which invest in research and development, under DI’s climate plan.

The organization also states that some of what is referred to as a ‘buffer’ (‘råderum’) in state coffers could be spent to make the plan reality.

READ ALSO: 12 percent of Danish wind energy to be produced by giant new offshore farm

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

BUSINESS

Denmark’s toy giant Lego offers staff bonus after bumper year

Danish toymaker Lego, the world's largest toymaker, Denmark's Lego, said on Tuesday it will offer its 20,000 employees three extra days of holiday and a special bonus after a year of bumper revenues.

Lego is rewarding staff with a Christmas bonus and extra holiday after a strong 2022.
Lego is rewarding staff with a Christmas bonus and extra holiday after a strong 2022. File photo: Ida Guldbæk Arentsen/Ritzau Scanpix

Already popular globally, Lego has seen demand for its signature plastic bricks soar during the pandemic alongside its rapid expansion in China.

“The owner family wishes to… thank all colleagues with an extra three days off at the end of 2021,” the company said in a statement.

The unlisted family group reported a net profit of more than 6.3 billion Danish kroner (847 million euros) for the first half of 2021.

Revenues shot up 46 percent to 23 billion kroner in the same period.

It had been “an extraordinary year for the Lego Group and our colleagues have worked incredibly hard,” said the statement, which added that an unspecified special bonus would be paid to staff in April 2022.

Lego, a contraction of the Danish for “play well” (leg godt), was founded in 1932 by Kirk Kristiansen, whose family still controls the group which employs about 20,400 people in 40 countries.

READ ALSO: Lego profits tower to new heights as stores reopen

SHOW COMMENTS