Securing Green Energy for Future Nordic Development
- 05/05/2025
- 2:00 pm
- Santa’s Hotel Santa Claus
Rising energy prices and insecurity due to the Russian invasion of Ukraine have highlighted the need for stability in Nordic energy markets. While Europe is transitioning to renewables, this transition will take years and may temporarily increase fossil fuel demand.
The Nordic region’s abundant natural resources and vast spaces offer a geographic advantage for renewables development. The high price of transporting renewable energies means that place-based production should be prioritized. This could drive industrial growth with local extraction and processing. A combination of several renewable energy sources could solve discrepancies between supply and demand.
However, workforce shortages, aging infrastructure, and challenges related to co-existence pose challenges. Can the Arctic and northern regions reliably secure green energy for future development?
The roundtable discussion will bring together various Nordic representatives of energy businesses, regional policymakers, and academia for closed-door facilitated talks.
ABOUT THE PROJECT
The Arctic region is at a critical juncture, facing both unprecedented challenges and opportunities. The impacts of global warming, which are four times faster in the Arctic than in the rest of the world, underline the urgency of transitioning from a fossil fuel-dependent economy to a sustainable, renewable energy-driven future.
This green transition is not just an environmental necessity but an opportunity to redefine economic structures and foster resilient communities across the Nordic Arctic. Simultaneously, green transition in the Arctic requires consultations and coexistence between industry and traditional livelihoods.
This project seeks to address these pressing needs by creating a structured platform for dialogue, knowledge-sharing, and actionable policy recommendations. Through a series of moderated roundtable discussions, we aim to bring together key stakeholders to address the multifaceted challenges of the green transition.
The project is generously funded by the Norwegian Ministry of Foreign Affairs, and will focus on three key themes:
Economic and Investment Needs
How to attract and secure sustainable investments while managing risks, fostering innovation, and ensuring the equitable distribution of resources.
Energy Security and Resource Management
Addressing the transition to renewable energy, the secure supply of critical minerals, and the development of place-based production systems.
Balancing Growth and Conservation
Navigating the complex interplay of economic development, environmental stewardship, and the rights and traditions of Indigenous and local communities.
OBJECTIVES AND DELIVERABLES
The primary objective of this project is to define what the green transition looks like in the Arctic by producing a comprehensive policy roadmap for sustainable development.
This roadmap will guide policymakers and stakeholders in implementing strategies to achieve economic resilience, energy security, and environmental sustainability across the region.
Program
Partners
