7 promotions in Copenhagen Economics!

7 promotions in Copenhagen Economics!

At Copenhagen Economics we feel it is important to take the time to recognise achievement and commitment. Offering opportunities to grow and develop in new roles is something that allows us to attract and maintain the best and brightest economists in Europe.

We are therefore delighted to announce the following promotions:

Stephanie Tizik and Laura Virtanen have been promoted from Analysts to Economists.

Federico De Michiel, Nikolaj Siersbæk and Morten May Hansen have been promoted from Economists to Senior Economists.

Erik Lindén and Jonas Bjarke Jensen have been promoted from Senior Economists to Managing Economists.

Congratulations all!

A new CO2 model will hit overlooked emissions in Denmark, according to proposals from the Danish auditors and Copenhagen Economics. Charlotte Jepsen, former chairman of FSR - Danish auditors (left), Birgitte Mogensen, chairman of the auditors' committee f
New CO2 model proposed by FSR - Danish auditors and Copenhagen Economics

In mid-July, the EU Commission set out a range of ambitious initiatives aimed at reducing greenhouse gas (GHG) emissions in the EU to support the goals agreed by member states.

The capture and permanent storage of GHG emissions from energy production will be crucial to addressing the climate issues highlighted by the EU Commission.

We believe that a critical factor for the success of Carbon Capture and Storage (CCS) is the development of verifiable and credible standards for CCS certificates. Such certificates will allow operators to invest in the whole value chain created by the capture and storage of greenhouse gases based on the revenue stream they can get from these certificates.

We have identified two objectives that are of particular importance:

  • The company responsible for emitting the greenhouse gas should be allowed to use external operators to meet their CCS needs. In other words, ownership of all parts of the value chain is not mandatory to get credit for the storage of the GHGs produced in that chain. This will enable a new type of specialised operator to set-up facilities that can capture and store greenhouse gases and sell a certificate to a firm certifying that their emissions have been removed from the atmosphere. In turn, the purchasing company would be able to reduce its base for paying carbon taxes corresponding to the number of certificates it buys, either in the form of the EU ETS system, that explicitly allow such offsets, or in the context of national carbon taxes for companies not covered by the ETS.    
  • It is essential that such a certificate could be traded between EU countries. This would allow a company to seek a CCS solution in another (EU) country, were that to prove the most cost-effective solution. Furthermore, it would allow companies to develop solutions not just within their own borders, but on a wider European and, ultimately, global scale.

Representatives from FSR, the Danish auditing profession, together with a team from Copenhagen Economics, have published an article in the main Danish Auditing magazine describing how such a mechanism could look like and how the verification of the mechanisms could, in the future, be integrated in carbon pricing mechanisms either as ETS or national carbon prices.

For any questions on the report, please contact Partner Helge Sigurd Næss-Schmidt.

New study: Competition in the danish banking sector

In association with Finans Danmark, Copenhagen Economics have just published a series of new studies investigating competition in the Danish banking market. Having conducted a thorough international benchmark analysis, we find no sign of insufficient competition in the danish banking sector. Quite the contrary, danish consumers enjoy some of the lowest prices in Europe on financial products.

Sigurd Næss-Schmidt (Partner and head of Financial Services at CE) presented the main conclusions at a seminar for stakeholders and politicians:

To learn more about the study, please visit our webpage:

The work was also examined in an article written by Finance Journalist, Søren Martin Olsen, and published in Berlingske (in Danish):

For further information, please contact Partner, Sigurd Næss-Schmidt

Sebastian Stefansen joins Copenhagen Economics

We are happy to announce the hiring of Sebastian Stefansen as an Analyst in our Business Unit Market. He joins our Copenhagen office to help clients within the fields of Competition and Dispute Support. 

Sebastian holds a Master Degree in Economics and Management from Aarhus University. Sebastian focused his studies on econometrics and quantitative finance.

New study: Market Impact of Short Position Disclosures

We are proud to publish a report examining the impact of short sale disclosure rules in the European Union and the United Kingdom on market efficiency.

This report, published on behalf of the Office of Global Research and Markets at the Managed Funds Association, updates existing empirical findings on short selling’s impact on market efficiency and further investigates the impact that the individual investor public disclosure threshold has on short selling and market efficiency.

Learn more about the study

For further information, please contact Jonas Bjarke Jensen