Source: BCG analysis
1. Land-use, land-use change and forestry
The Nordics
Denmark
Finland
Norway
Sweden
~94%
Of 2050 baseline emissions can be abated by 2050, equaling ~201 Mt CO e excl. LULUCF sinks
-91
Net emissions in 2050 when including LULUCF sinks
Mt CO e
~120
€ Bn
860
>350k
jobs
In total net societal cost, equaling 140€ per citizen per year until 2050
Investment
required until
2050
Generated
(indirect/direct)
€ Bn
Sweden
Norway
Finland
Denmark
The Nordics
Source: BCG analysis
1. Frozen assets baseline scenario
~97%
Of 2050 baseline emissions can be abated by 2050, equaling ~52 Mt CO e excl. LULUCF sinks
5
Mt CO e
25
€ Bn
€ Bn
200
90k
jobs
Annual amount
of emissions abated through Direct Air
Capture or other sink levers
In total net societal cost, equaling 140€ per citizen per year until 2050
Investment
required until
2050
Generated (indirect/direct) and +2.6% GDP uplift
Source: BCG analysis
1. Frozen assets baseline gross emissions incl. LULUCF (land use, land-use change and forestry) emissions
85%
Emissions can be abated by 2050, equaling 68 Mt of 2050 gross emissions
-31
Mt CO e
36
€ Bn
€ Bn
240
82k
jobs
Net emissions in 2050 when including LULUCF sinks
In total net societal cost, equaling €220 per citizen per year until 2050
Investment
required until
2050
Generated
(indirect/direct)
Source: BCG analysis
1. Land-use, land-use change and forestry
90%
Of 2050 baseline emissions excl. LULUCF can be abated by 2050
-53
Mt CO e
~31
€ Bn
€ Bn
260
>100k
jobs
Net emissions in 2050 when including LULUCF sinks
In total net societal cost, equaling €100 per citizen per year until 2050
Investment
required until
2050
Generated
(indirect/direct)
Source: BCG analysis
1. BCG’s roadmap to Net Zero leaves a residual ~2.9 Mt CO2e gross emissions in 2050, constituting a 94.1% reduction compared to 2050 frozen asset baseline emissions of ~48.9 Mt CO2e and a 94.4% reduction compared to 1990 levels of ~51.5 Mt CO2e p.a.
~94%
Emissions can be abated by 2050, equaling ~46 Mt CO e of 2050 gross emissions, equivalent to ~94% emission reduction vs. 1990 levels
-19
Mt CO e
26
€ Bn
€ Bn
165
82k
jobs
Net emissions in 2050 when including LULUCF sinks
In total net societal cost, equaling €159 per citizen per year until 2050
Investment
required until
2050
Generated
(indirect/direct)
2. Land use, land-use change and forestry
2
2
2
2
2
2
2
2
1
1
1
2
1
1
The Pathway to Nordic Net Zero
The Nordics
Sweden
Norway
Finland
Denmark
jobs
€ Bn
€ Bn
jobs
€ Bn
€ Bn
26
€ Bn
In total net societal cost, equaling 159€ per citizen per year until 2050
€ Bn
165
Investment
required until
2050
82k
Generated
(indirect/direct)
jobs
-19
2
Mt CO e
Net emissions in 2050 when including LULUCF sinks
Emissions can be abated by 2050, equaling ~46 Mt CO e of 2050 gross emissions, equivalent to ~94% emission reduction vs. 1990 levels
1
2
~94%
~31
€ Bn
In total net societal cost, equaling 100€ per citizen per year until 2050
€ Bn
260
Investment
required until
2050
>100k
Generated
(indirect/direct)
jobs
-53
2
Mt CO e
Net emissions in 2050 when including LULUCF sinks
Of 2050 baseline emissions excl. LULUCF can be abated by 2050
1
90%
Source: BCG analysis
1. Frozen assets baseline scenario
2. Land use, land-use change and forestry