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A presentaion held by Mr Ola Alterå, Senior Advisor to Global Challenge at a meeting with the board of ECF, the European Climate Foundation, in Stockholm on the 24th of September 2013

A presentaion held by Mr Ola Alterå, Senior Advisor to Global Challenge at a meeting with the board of ECF, the European Climate Foundation, in Stockholm on the 24th of September 2013

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  • 1. NAG Nordic Energy in Europe – a way forward Clean, Competitive and Connected by Nordic Action Group on Climate and Energy European Climate Foundation 24 September 2013
  • 2. NAG Nordic Action Group on Climate and Energy Hördur Arnarson CEO, Landsvirkjun, Iceland Carl Bennet Chairman, Getinge, Sweden Ingrid Bonde CFO, deputy CEO Vattenfall , Sweden Anders Eldrup Former CEO DONG Energy, Chairman Copenhagen Cleantech, Denmark Henrik Ehrnrooth Chairman, Caverio, Pöyry och YIT, Finland Ulrik Federspiel Executive Vice President Haldor Topsoe A/S, Denmark Anders Olsson Deputy CEO E.ON Norden, Sweden
  • 3. NAG Background and assumptions • The Nordic countries are comparably far in transition to sustainable energy • Nordic governments aim at Zero emission targets for 2050 (IEA interpretation) • This will necessitate very large investments in renewables, transmission, energy efficiency and transport systems • A proactive, bottom-up approach from Nordic Business can lead to competitive strength for the Nordic region
  • 4. NAG Main message • The Nordic countries have a story to tell in the EU – especially the trans boundary electricity market • We can do more - and it is more efficient if cooperating closer • There is a potential for further increase in renewable energy in the Nordics, at competitive prices – a portfolio with potential for net export and balancing electricity market in northern Europe • The transition will need a gradually higher price on CO2 • Nordic Green Industrial Clusters can develop further and grow
  • 5. NAG Content 1. A Nordic Energy Way 2. A Nordic Energy Road Map – we can do more – High efficiency/Low Energy Economy – A Nordic Battery and Renewable Energy Hub – Nordpool 3.0 3. A Nordic Voice – there is a story to tell 4. A Nordic Funding Model and Incentives 5. Nordic Green Industrial Cluster
  • 6. NAG 2.1 High Efficiency Economy High potential. Many measures already profitable but do not happen... • Transport sector • Housing sector • Industry and Service Sector Recommendations • Take lead in early market for electric cars. • Pioneering region in electrification of roads. • Nordic building standards, gradually strengthened towards zero. • Use the EU compulsory energy declaration as a basis for targets based on Nordic best practice. • Nordic voluntary scheme for energy improvements for industries, including tax incentives and sharing of know-how.
  • 7. NAG 2.2 Nordic Battery and Renewable Energy Hub Capacity to export renewable energy (electricity, maybe biofuels) as well as a balancing region on the European markets Recommendations • Increase integration across Nordic renewable support schemes • Utilize co-operation mechanism within the EU RES directive • Technology specific support only for non mature technologies • New transmission investments within Nordic counties and to continental Europe
  • 8. NAG A thought experiment • Assume export of 50-100 TWh of renewable electricity (IEA/Nordic Energy Research.) • Yearly export earnings of € 50-100 million. • Reducing European CO2 emissions by 40-90 million tonnes (replacing coal condensing power) • Reduced cost for European climate policy • Increase potential for wind and solar in northern Europe. • Direct yearly cost benefits for Nordic business and households relative to continental Europe • Industrial development, improved investment climate, innovation, jobs creation, stronger competitiveness etc. in the Nordic countries. Export electricity price the lowest assumption among IEA main scenarios, USD 136/MWh
  • 9. NAG 2.3 Nordpool 3.0 The worlds first and most successful multinational power market. 3.0 comes with flexible supply, export of surplus and flexible demand in real time. Recommendations • Design the Nordic market to retain and develop flexibility. • Promote Nordic solutions for Europen market design. • Strengthen R&D efforts to adapt Nordpool to the emerging energy scene.
  • 10. NAG 3. A Nordic Voice Nordic governments and business should join forces to develop a strong voice for • …an open, single, interconnected European electricity market • …the economic benefits for all by avoiding isolated, national capacity markets • broader use of taxation on carbon and stricter application of the EU-ETS • …Nordic market model design for use in the EU.
  • 11. NAG 4.1 Increased price on carbon The key is carbon pricing. Recommendations: • A wider use of carbon taxation within the EU as well as a stricter application of the EU ETS in order to raise the end price for using fossil fuels • Nordic countries can show the way by pursuing a further shift to tax on energy and carbon emissions.
  • 12. NAG 4.2 Investment opportuntities Recommendations • Bring together a large number of national and Nordic entities under a “Nordic Energy Financing Center”, not to replace present institutions but to take a leading role in coordinating the present institutional set-up.
  • 13. NAG 4.3 Nordic Energy Research • Bring together smaller actors under a common and strengthened head institution, for example Nordic Energy Research, which could then more effectively perform its tasks as a contributor and coordinator.
  • 14. NAG 5. Nordic Energy Green Clusters with potential • Wind power - focus on cold climate, off shore and forested areas. • Climate efficient biofuels from indigenous sources. • Electrification of transport including vehicles, charging infrastructure and electrification of roads. • Combined operation of heat and electric power systems, including efficient use of heat pumps. • Smart electrical grids combining IT with power. • Solar power solutions.
  • 15. NAG Possible following steps • Dialogue with governments and other stake holders • Contribute to a (northern) European discussion • Deepening of some proposals. – the industrial perspectives • Studies of economic benefits, quantified? Possibly even modelling of connected grids (including heat grids)?
  • 16. NAG Swedish Climate Policy Update • On track to 2020 targets • Roadmap to zero net emissions 2050 – not yet any targets between 2020 and 2050 • Vehicle fleet independent of fossil fuels by 2030 – proposed strategy in december • International initiatives – short lived green house gases – climate economy – the benefit of action