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OECD Inventory of Support Measures for Fossil Fuels: Country Notes

image of OECD Inventory of Support Measures for Fossil Fuels: Country Notes

This new web format for Country Notes on Fossil Fuel Support provides interactive on-line access to the latest data from the OECD Inventory of Support Measures for Fossil Fuels by country – identifying and estimating the value of support arising from policies that encourage the production or consumption of fossil fuels. The web version allows users to download, share and play with the data. Interactive graphics enable data visualisation, in national currency, by beneficiary and by energy product. These Country Notes provide, for each of the 50 economies covered in the Inventory, a snapshot of energy market structure, the current state of energy prices and taxes, and recent developments and trends in fossil fuel support. Data and country notes for the EU Eastern Partnership (EaP) countries have been collected and prepared as part of the GREEN Action Task Force.

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Denmark

Denmark has considerable oil and gas resources in the North Sea, which have been exploited since the early 1970s. After the UK, it is the second-largest producer of oil in the EU. Oil and gas exploration rights are granted by the Ministry for Climate and Energy and cover all non-licenced areas. The state usually holds a 20% share of each concession. The country became a net exporter of oil and gas in 1997, and remained so until the end of 2018. In terms of electricity production, there has been significant fuel switching from oil to coal in the 1980s-90s and then to natural gas and renewables in the 2000s. The country imports all of the coal it uses for electricity production, mainly from Colombia, Russia, and South Africa.

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