The business case is clear: with the potential to create over 350,000 jobs, Nordic net zero is the largest opportunity individual businesses and the economy have seen for decades. It will require the Nordics to decarbonize smartly and invest approximately €860 billion, but immediate action puts the economic benefits within reach.
To succeed, governments and companies must collaborate closely to find sustainable solutions, and secure the necessary incentives and policies.
Reaching Nordic net zero will unlock a much greater CO2 abatement and enable the Nordics to boost their exports and position themselves as global leaders in sustainability.
The BCG report offers an affordable and achievable pathway to reach Nordic net zero that jointly optimizes for local abatement and global export potential where Nordic companies have a competitive advantage–we call it ‘smart decarbonization’.
Smart Decarbonization enables countries and companies to pursue and prioritize the right opportunities against the time and investment required to implement them; their local abatement potential; and the potential to expand Nordic competitive advantages to drive emissions reductions, and therefore exports, abroad.
12 recommendations have been outlined that all stakeholders in the Nordics should consider to get on the path to Nordic net zero and maximize the value-creation opportunities of the transition.
What is the payoff for Denmark to move towards a net zero economy? More than 90.000 new jobs, a 2.6% uplift in GDP, and an even stronger international position than today. BCG’s roadmap to net zero shows that there is a feasible and affordable path to achieve its climate targets.
The business case for blasting ahead with the green transition in Finland is strong: 82.000 new jobs, a 5% uplift in GDP, and an even stronger position in the international climate debate. BCG’s roadmap to net zero shows that there is a feasible and affordable path to achieve its climate targets.
Becoming a net zero economy in 2050 is a win-win situation for the climate and Norway, where the green transition is set to generate 82.000 new jobs and a 1.9% uplift in GDP. BCG’s roadmap to net zero shows that there is a feasible and affordable path to achieve its climate targets.
In Sweden, the green transition is set to generate more than 100.000 new jobs, a 2 % uplift in GDP, and an even stronger international position than today. BCG’s roadmap to net zero shows that there is a feasible and affordable path to achieve its climate targets.
Alumnus
Consultant
Copenhagen
