The Nordic region is on course to become the first in the world to have a carbon-neutral energy system, according to the International Energy Agency (IEA).
The announcement that the region could achieve a carbon-neutral energy supply by 2050 was made after the IEA previewed the results of its collaborative project with Nordic Energy Research and leading research institutes.
The preview, delivered this week in Oslo, is part of Nordic Energy Technology Perspectives, a spin-off project of the IEA flagship technology publication Energy Technology Perspectives 2012.
The project aims to equip decision makers with the information necessary to assess the role of the region and its member countries within the European and global energy system.
The IEA sees the five Nordic countries – Denmark, Finland, Iceland, Norway and Sweden – as leaders in the global transition to a low-carbon energy system, said Dr. Markus Wråke, Head of the IEA’s Energy Supply Unit who is leading the Nordic Energy Technology Perspectives project.
“The Nordic countries’ strong economic positions, efficient regional grid and electricity market, and high share of renewable energy already position them to meet ambitious national climate targets and play an increasingly important role in the European energy system,” Dr. Wråke added.
“Considering its rich renewable energy resources and strong policies already in place, the Nordic region could be the first in the world to achieve a carbon-neutral energy system – but it will not be easy.”
Nordic Energy Research is an intergovernmental organisation that supports and co-ordinates sustainable energy research in the region, which is home to some 25 million people and some of the world’s strongest economies in terms of GDP per capita.