As part of the project “Nordic Innovation Power”, Skift has been leading a Nordic workstream aiming to scale up green innovation in the Nordic region.
These policy recommendations are written by ZERO as a collaboration between Skift and ZERO, and explores how the Nordic region faster and more substantially can implement CCS (Carbon Capture and Storage) technology at Nordic waste to energy facilities across borders.
The Nordic countries have a shared waste marked, and could benefit greatly from a joint approach and cooperation between the waste facilities planning to incorporate CCS. The stakeholders on waste also face the same barriers on how to invest in CCS and make a business simultaneously.
Emissions from waste incineration stands for approximately 5% of global CO2 emissions. Therefore, implementing CCS (Carbon Capture and Storage) at energy facilities will be key for the Nordic countries and the Nordic region to reach their climate targets for 2030 and beyond.
There are several policy instruments and business models for CCS on waste, either as existing policies or in the pipeline. Three of these models may have a potential of cooperation and a further Nordic cross border facility:
- Reverse auctions
- A CO2-tax on the fossil part of the emissions
- Extended producer responsibility for waste
The recommendations are based on input from Nordic stakeholders during a webinar in December 2021.What policy changes are necessary to quickly scale up green innovations in the Nordic region? You can read the full report here.
Nordic Business network
“Climate Neutral Nordics” is a collaboration between the business networks Skift – Business Climate Leaders (Norway), Hagainitiative (Sweden) and Climate Leadership Coalition, CLC (Fin). The 4 year project is financed by the Nordic Ministry of Councils, and started out in 2021. The project is aiming to facilitate collaboration between business and policy to contribute to the vision in the Nordic region to become the most sustainable and integrated region in the world by 2030.