Nordic Businesses and Investors Call on EU Heads of States to deliver industrial and climate transition that drives growth and competitiveness

Copenhagen, Helsinki, Stockholm, Oslo, 5.5.2026

Dear President of the European Council, President of the European Commission, European Heads of States, Members of the European Parliament and National decision makers in Nordic countries,

We, the undersigned Nordic-based companies and investors representing [X] companies with a combined global annual revenue of [Y] and employing [XX] million people are committed to a prosperous, competitive Europe that leads the global clean economy. 

Europe is entering a decisive phase in its climate and industrial transition. Clean technologies, industrial decarbonisation, and energy security should be pursued as an integrated strategy that also strengthens Europe’s economic competitiveness and geopolitical position.

The Nordics offer proof that clean competitiveness is achievable at scale. As the world’s 12th-largest economy, they demonstrate how early investment, technological leadership and market integration can deliver both industrial strength and rapid decarbonisation.

This progress is the result of determined action by companies, paired with political leadership that has put a meaningful price on carbon and established the essential building blocks for the transition. Nordic companies are now leading Europe’s decarbonization trajectory.

The Nordic energy system delivers Europe’s lowest power costs and lowest emissions, a direct result of decades of forward-looking investment in clean generation and deep cross-border market integration. Hydro, onshore and offshore wind, solar and nuclear are all developed across borders with interconnection to provide flexibility, price convergence and resilience; the very attributes Europe now needs to scale.

The EU Emissions Trading System has strengthened the integrity of the Single Market, enabled predictable investment signals for industrial transformation and reduced emissionsremarkably. Through the Carbon Border Adjustment Mechanism, this approach promotes fair competition and encourages trading partners to advance their own carbon pricing systems.

As companies, we are investing at scale and deploying clean solutions across our value chains. But to strengthen Europe’s competitiveness and crowd in private capital, we need a clear and predictable policy framework that aligns industrial renewal and energy security with climate action.

To unlock new investments, scale clean value chains, accelerate economic growth and strengthen resilience, we call on European decision‑makers to put in place policies that:

• Secure a strong and predictable EU Emissions Trading System that serves as a cornerstone for industrial transformation, innovation, and fair competition.

• Channel ETS auctioning revenues back to industry to finance needed innovations to drive transition.

• Develop post‑2030 climate policy that secures long‑term investment visibility and combines security, competitiveness, and decarbonisation, rather than treating them as conflicting objectives.

• Accelerate power‑sector decarbonization and deepen the integrated European energy market by ensuring efficient market operation and securing clean, affordable electricity to support electrification.

Nordic business stands ready to co‑invest, co‑innovate and co‑deliver. A credible, long‑term framework will crowd in private capital, boost productivity, lower energy costs, and strengthen Europe’s strategic resilience.

We thank you for your leadership and remain at your disposal to help turn these commitments into implementation.