Business Green, the British online magazine focusing on the green economy, published on January 15, 2022 a joint opinion article from the CEO’s of leading Nordic climate business networks – the Finnish Climate Leadership Coalition, the Swedish Haga Initiative and the Norwegian Skift Business Climate Leaders. The article emphasizing the importance ot the price on carbon has been opened for reading below because Business Green’s articles are behind paywall.

Nordic countries and businesses demonstrate that decoupling economic development and GHG emissions can be done – carbon price being the key driver

By Jouni Keronen, CEO, Climate Leadership Coalition, Nina Ekelund, CEO, Haga Initiative, Bjørn K. Haugland, CEO, Skift Business Climate Leaders

The Nordics have been pioneers in decoupling economic growth and GHG emissions. And the development does not stop there. The Nordic countries can also function as a playground for the development of global climate solutions. This is why Nordic business leaders are calling on policymakers to introduce stronger regulation. A study among 40 Nordic, business leaders indicates that carbon pricing is seen as one of the most important instruments to keep global warming to maximum of 1.5°C,.

The interview study among leading businesses in the Nordics shows that business leaders are concerned about climate change and its consequences, and express the need to ramp up climate actions. The leadership of these Nordic enterprises felt big commitment and responsibility to be part of the solution by aligning with the 1.5°C target. Nordic companies can play a key role in delivering climate solutions worldwide and in helping customers and countries to align with the 1.5°C target.

The 40 CEOs interviewed represent companies with approximately 1.2 million employees and an aggregated revenue of around EUR 326 billion, corresponding to approximately 24% of the GDP of the Nordic region.

Nordic business leaders are clear about the regulations they want to see. These include carbon pricing, higher climate criteria in public procurement, and standardised methodology on companies’ climate reporting. The majority of business leaders preferred carbon pricing, either in the form of carbon tax or an emission trading scheme, as a decarbonisation instrument.

Nordic CEOs are ready to show leadership. Two-thirds of the responding companies stated that they are aligned with the 1.5°C target, which is ambitious in a global context. Nevertheless, they want to see sharper targets and incentives, also highlighting the need for long-term predictability.

The report indicates that Nordic companies, with their climate solutions, can help in decreasing their customers’ carbon footprint worldwide. There is no upper limit for this positive carbon handprint effect, and the Nordic home market can be used as a development platform for global climate solutions.

Smart policies would spur competitiveness on a global market and the Nordic region can become the most sustainable region in the world as well an export powerhouse for climate solutions. Act not talk is the key message from Nordic business leaders. Followed by an important message to policymakers around the world to immediately implement effective carbon pricing.

More information: Jouni Keronen, Chief Executive Officer, Climate Leadership Coalition, +358 504534881, jouni.keronen@clc.fi,  Nina Ekelund, Executive Director, Haga Initiative, +46 735022464, nina.ekelund@hagainitiativet.se, Bjørn K. Haugland, Chief Executive Officer, Skift Business Climate Leaders, +47 97687315, bjorn@skiftnorge.no