1
Low Carbon Materials
and Manufacturing
2
Connected Emissions-free Energy System
3
Green Buildings and Infrastructure
4
Sustainable Agriculture and Biosphere
5
Fossil-free Transport
and Logistics
The Nordics have a strong position in energy as the home of world-leading companies in renewable energy solutions, both in power and heat production as well as energy original equipment manufacturing and supply. Looking towards 2050, the potential is clear.
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Nordic companies are leaders within energy efficient solutions and green product sales, in part due to easy access to renewable power and a high degree of technical knowhow and human capital. The potential towards 2050 is clear.
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Nordic companies are leaders across the entire fossil-free transport ecosystem thanks to strong collaboration between low-carbon material suppliers and user-facing manufacturers and operators. The opportunity is clear.
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The Nordics have a unique advantage in buildings and infrastructure thanks to a leading position in low-carbon and biogenic building materials
and their capabilities in low-emission building construction and development. The abatement and export potential towards 2050 is clear.
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Nordic companies have built a leading position in agriculture and biospheres through their access to renewable energy sources and strong natural and
human capital. The potential towards 2050 is clear.
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To turn the challenge of Nordic net zero into an opportunity for growth
and prosperity, companies should invest in a coordinated approach across five ecosystems that holds the technologies needed to decarbonize.
This will achieve far greater abatement locally and globally and unlock significant economic growth by positioning the Nordics as global leaders in sustainability.
How Companies Can Drive Value Creation: A Look at Five Eco-systems
Low Carbon Materials and Manufacturing
The opportunities that can unlock net zero and green export are green production, use, and recycling of materials and products through low-carbon raw materials extraction, energy efficiency, electrification, switches to green fuels and feedstock, and carbon capture and storage.
NORDIC POTENTIAL
TOWARDS 2050
NORDIC POTENTIAL
TOWARDS 2050
Connected Emissions-free Energy System
The opportunities that can unlock net zero and green export are extensive renewable power and heat generation; expanded smart grid capacity including sector coupling, grid balancing, and storage; and green molecule production through Power-to-X.
NORDIC POTENTIAL
TOWARDS 2050
Green Buildings and Infrastructure
The opportunities that can unlock net zero and green export are sustainable design, engineering, construction, use, and recycling of buildings and infrastructure via green materials, emissions-free construction sites, fossil-free heating, and circular waste management.
NORDIC POTENTIAL
TOWARDS 2050
Sustainable Agriculture
and Biosphere
The opportunities that can unlock net zero and green export are sustainable and value adding land-use management; crop and livestock farming; and forestry and wood production through, e.g., regenerative farming, sustainable forestry, and bioenergy production.
NORDIC POTENTIAL
TOWARDS 2050
Fossil-free Transport and Logistics
The opportunities that can unlock net zero and green export are efficient and sustainable vehicle, vessel, and aircraft production and operation to decarbonize passenger and freight transport, e.g., via modal shift, electrification, fossil-free fuels, and AI optimization.
4.4 € Tn
Global market size in 2050
118 Mt CO e
Direct (~85) and indirect (~33) abatement potential in 2050 across Nordic countries
21 Gt CO e
Direct (~14.5) and indirect (~6.5) global abatement potential in 2050
2
2
4.2 € Tn
Global market size in 2050
14 Gt CO e
2
Direct (~10.5) and indirect (~3.5) global abatement potential in 2050
35 Mt CO e
2
Direct (~29) and indirect (~7) abatement potential in 2050 across Nordic countries
1.4 € Tn
Global market size in 2050
20.5 Gt CO e
2
Direct (~2.5) and indirect (~18) global abatement potential in 2050
54 Mt CO e
2
Direct (~44) and indirect (~10) abatement potential in 2050 across Nordic countries
1.3 € Tn
Global market size in 2050
6.5 Gt CO e
2
Direct (~5) and indirect (~1.5) global abatement potential in 2050
58 Mt CO e
2
Direct (~43) and indirect (~15) abatement potential in 2050 across Nordic countries
2.6 € Tn
Global market size in 2050
12 Gt CO e
2
Direct (~8) and indirect (~4) global abatement potential in 2050
67 Mt CO e
2
Direct (~44) and indirect (~23) abatement potential in 2050 across Nordic countries
The Nordics have a unique advantage in buildings and infrastructure thanks to a leading position in low-carbon and biogenic building materials and their capabilities in low-emission building construction and development. The abatement and export potential towards 2050 is clear.
Nordic companies have built a leading position in agriculture and biospheres through their access to renewable energy sources and strong natural and human capital. The potential towards 2050 is clear
Nordic companies are leaders across the entire fossil-free transport ecosystem thanks to strong collaboration between low-carbon material suppliers and user-facing manufacturers and operators. The opportunity is clear.
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The Nordics have a strong position in energy as the home of world-leading companies in renewable energy solutions, both in power and heat production as well as energy original equipment manufacturing and supply. Looking towards 2050, the potential is clear.
LEARN MORE
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