Sustainable Growth the Nordic Way
WEB MAGAZINE - May 2018
Call for Nordic co-operation on green exports and funding
Her report, The Nordic countries in the green transition – more than just neighbours, presents twelve strategic proposals for Nordic synergies in the environment and climate sector.
According to the report, the Nordic countries combined already have many of the solutions that will help meet the objectives of the Paris Agreement and the global Sustainable Development Goals. However, Nordic companies are finding that their national business clusters are too small to make the most of the global market potential. The report also points out that countries often have skills and solutions that complement each other.
“Joint export promotions would allow the Nordic countries to market and profile the different countries’ solutions as complete portfolios. The companies involved have already discovered the huge potential in the Nordic brand,” says Tine Sundtoft, whose report suggests that the Nordic climate and environment ministers should talk with the ministers for business and industry and follow up on the experience gained from other joint export promotions.
“Capitalising on national work on green solutions can promote business and improve bottom lines, which make more ambitious environment and climate policies more legitimate. Maintaining a leading position in the global markets of the future will, of course, entail ongoing investments in research and development,” she points out.
“We also need to work together across the board to draw up joint definitions and standards for green investments and investment products. Transparent and comparable data on green investment opportunities and risks related to the environment and climate are essential,” Tine Sundtoft concludes.
Photo (by Jann Lipka/ Regeringskansliet): Tine Sundtoft hands over her report to Sweden’s minister for the environment Karolina Skog, chair of the Nordic Council of Ministers for the Environment.