Representatives of Nordic businesses, the financial sector, universities and cities call next EU Commission to ensure simple climate policies with high ambition

The European Union stands at a critical juncture, facing intertwined ecological and economic challenges while striving to maintain its global position in clean technologies. As leading Northern European businesses, at CLC, we recognise the immense potential of the leading European technologies and solutions and emphasise the need to respond with the right mix of policies to seize these opportunities.  

Our policy recommendations for the next EU Commission outline key policies aimed at ensuring Europe’s competitiveness in clean industries while advancing its climate goals.  

We have recommendations in four main areas:  

1 We advocate for the European Commission to maintain its long-term climate ambition, including a 2040 emissions reduction target of 90% compared to the 1990 level. To operationalise these goals, a predictable regulatory framework is essential, building on existing policy architecture while simplifying and streamlining regulation to fit better for the purpose.  

2 We believe it is necessary to strengthen the competitiveness of European clean industries as the current unstable geopolitical landscape and massive national subsidies from global competitors pose challenges for European industries. To enhance competitiveness, we recommend aligning EU industrial policy with climate objectives and ensuring fair competition across Member States.  

3 We advocate for market-based mechanisms to achieve climate and environmental goals as they have proven effectiveness in reducing greenhouse gas emissions. Moreover, the full implementation of the Carbon Border Adjustment Mechanism must be used to ensure a level playing field for European industries and incentivise global decarbonisation efforts.  

4 We recommend promoting the large-scale deployment of carbon removals, always alongside emission reduction efforts, in view of the high likelihood of climate overshoot. The next EU Commission must define a long-term carbon budget to guide removal capacity planning. The emissions reductions needed in this decade are higher than in the previous three decades combined. In the next decade, the need to reduce emissions will still be even greater. To fund emission reduction goals, annual investment in clean solutions in the EU, mainly from the private sector, should be quadrupled by 2030. This is a great opportunity for the EU but also a practical measure of the capacity of the Union to transform its future. 

 

Who is CLC? 

Climate Leadership Coalition is the largest non-profit climate business network in Europe. CLC has 99 organizational members: 69 companies, 9 universities, 5 trade organizations, 7 cities, 6 research institutions, 2 foundations and 1 trade union confederation. CLC has also accepted 66 personal members. Our members employ globally close to 1 million people and represent almost 70 % of the market cap of the OMX Nasdaq Helsinki stock exchange. CLC was founded in 2014 by Finnish companies Fortum, KONE, Neste, St1, Outotec, Caverion and Sitra, the Finnish Innovation Fund. CLC believes that profound transition to a sustainable world can be economically beneficial, viable and financeable.

Read the full set of recommendations: Simple policies with high ambition. 

More information: CLC Development director Juha Turkki, juha.turkki@clc.fi, +358 (0) 45 346 1925