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Why is “Denmark” a Leader in the Green Economy?
Over the years, Danish company is ranked among the world’s most sustainable corporations by Corporate Knights, based on a rigorous assessment of nearly 7,000 public companies with revenues of more than $1 billion. This year was no exception. Denmark has some of the world’s highest ambitions for green change. And the Danish company is clearly a leader in the green economy.
For the 2022 World’s 100 Sustainable Enterprise Ranking, Vestas Wind Systems A/S , a machinery manufacturer (wind turbines) and Chr Hansen Holding A/S, a Danish food and beverage company, rank No. 1. 2, respectively. From 3-10 were Autodesk Inc (USA), Schneider Electric SE (France), City Developments Ltd (Singapore), American Water Works Company Inc (USA), Orsted A/S (Denmark), Atlantica Sustainable Infrastructure PLC (UK). Dassault Systemes SE (France) and Brambles Ltd (Australia).
From the Top 10 , three Danish companies, in addition to leading the top 2, also have Orsted A/S in 7th place (last year it took second place behind France’s Schneider Electric SE at This year it dropped to 4th place.).
Both Vestas Wind Systems A/S and Chr Hansen Holding A/S have made two climate commitments: Business Ambition for 1.5 C and SBTi.
The Business Ambition for 1.5 C is a climate science-based GHG emissions reduction target aimed at keeping global temperatures below 1.5°C (or 2°C) above pre-industrial temperatures. SBTi , the Science Based Targets Initiative, is a global program that helps businesses It can set emissions reduction targets that align with the targets of the Paris Agreement. on a basis consistent with climate science (Climate Science) and also to assess and certify such goals.
It was established in 2015 in collaboration with four organizations: CDP (an international non-governmental organization focused on environmental disclosure), United Nations Global Compact (UNGC), World Resources Institute (WRI) and World Wildlife Fund. International (WWF).
Green policy economic growth has been a hallmark of Denmark for decades. Since 1980, Denmark has been able to separate economic growth from overall energy use. to the increased power consumption in shadows With Denmark’s GDP increasing by 100%, while Denmark’s energy consumption increased by only 6% and water consumption decreased by as much as 40%, this proves that economic growth can be created. without the need for more energy.
Denmark aims to be fossil-free by 2050. In the past, Denmark, like many Countries around the world used to rely on imports of oil and other fossil fuels, but now more than 30% of Denmark’s energy needs come from renewable energy. And this is expected to increase to 50% by 2030, while by 2050 Denmark will be 100% fossil fuel free.
Denmark’s main idea of the Green Transition , or the transition from the old economy to greener economic growth, is planned long-term within the framework of broad laws and political agreements.
Since 1970, Denmark has a tradition of legislative agreements that have received broad political support from all parties in parliament on energy and environmental policy issues. Because political stability is essential in investing in the long term and building ambitious long-term goals like this. By investing in the form Public-Private Private Private (PPP) or a joint investment between the public and private sectors in government affairs. spearhead and has been proven to be highly successful in sustainable economic development.
Because although long-term planning, legal frameworks and political agreements are widely accepted It will be a key element of green change around the world. But the focus is on sustainable energy production, consumption and management. Ensuring water security, advancing towards a circular economy, and building an eco-friendly and livable smart city are also important factors. The fact is No technology or sector can achieve this change alone. Long experience has taught Denmark that a holistic and collaborative approach. It is critical to develop integrated, affordable and sustainable solutions.
For example, cooperation between water and electricity agencies. which uses sludge from wastewater treatment plants to generate energy Another example is the interaction that takes place in heat and electricity generators. The excess heat from electricity generation will be used to heat the water pipes into the heating system for the community. while in cities The discarded waste is used to generate heat and electricity.
On another level Above-ground climate adaptation solutions to prevent flooding in cities while at the same time creating a greener and more livable city at the same time.
Finally A key factor in providing stable energy for Denmark and integrating renewables into the energy system. is electricity trade with neighboring countries Denmark is actively working to develop an integrated electricity market for the Nordic countries and Europe.
With a holistic and integrated approach to green change Denmark is consistently highly rated by key international bodies such as the World Bank, Organization for Economic Cooperation and Development (OECD), World Energy Council. and the International Energy Agency (IEA), which has a large number of green energy systems high power stability and competitive energy prices Make Denmark the center of information in this field. And it also offers a sustainable business environment. This is attractive to large multinational investors such as Apple and Google.
In addition, environmental awareness has increased over the past decade. Is an important factor that makes companies Denmark is increasingly interested in producing environmentally friendly products and services both domestically and internationally. The sale and export of green solutions to the global market is a key driver of green growth in Denmark. The focus on green growth and global green transformation has increased the demand for Danish technology and know-how.
At the same time, investing in green projects is important not only because of climate challenges. but also the stability of the supply. and freed the Danish economy from fluctuating energy prices and scarcity of resources. It also supports and enhances the competitiveness of Danish businesses in the global market in green solutions. The transition to a greener economy is therefore an opportunity for Denmark to strengthen its domestic market for green energy and climate solutions, as well as an opportunity to demonstrate green solutions to the nation. other countries This increases the opportunity for Danish businesses to export to the growing global market.
Source: The 100 most sustainable corporations of 2022, Green Growth in Denmark, The Danish green vision
