Climate Leadership Coalition, together with 80 large Nordic companies, has issued a joint call to EU policymakers ahead of the European Commission review of the EU Emissions Trading System in summer 2026. The Nordic Call for a Clean and Competitive Europe underline the EU ETS as a cornerstone of Europe’s climate ambition, industrial transformation and long-term competitiveness.
The call was delivered in Brussels to Executive Vice President Henna Virkkunen, Commissioner Jessika Roswall and Commissioner Wopke Hoekstra, together with a corporate delegation representing industry, energy, finance and consumer sectors. In parallel, the message has been shared with Heads of State, Members of the European Parliamen
t, and national decision makers across Europe.
Together, the Nordic countries form one of the largest economies in Europe. Companies from Denmark, Estonia, Finland, Norway and Sweden are already delivering the transition through early investments, technological leadership and some of the highest levels of science-based climate ambition globally. The Nordic experience demonstrates that clean competitiveness is already a reality and can be delivered at scale when policy frameworks remain stable and predictable.
Signatory companies include major Nordic businesses such as Danske Bank, Gjensidige, KONE, Neste, Nokia, Nordea, NorgesGruppen, Ørsted, Outokumpu, Scania Group, UPM, Vattenfall and Volvo Cars. Their joint message emphasises that the EU ETS is not only climate policy, but also a central pillar for Europe’s competitiveness, resilience and industrial future.
To unlock new investments, scale clean value chains, accelerate economic growth and strengthen resilience, the Nordic Call appeals to EU decision makers to put in place policies that:
- Secure a predictable and consistent EU Emissions Trading System that serves as a cornerstone for industrial transformation, innovation and fair competition, without punishing early movers that have invested in decarbonisation early
- Channel ETS auctioning revenues back to industries and transport operators to finance the innovations and efforts needed to drive the transition
- Develop post 2030 climate policy that secures long term investment visibility and combines security, competitiveness and decarbonisation rather than treating them as conflicting objectives
- Accelerate power sector decarbonisation and deepen the integrated European energy market by ensuring efficient market operation and securing clean and affordable electricity to support electrification
The initiative was developed in close collaboration with Nordic partners Skift and Hagainitiativet and has received wide attention across European media and business networks, including high level media briefings and coverage in Nordic and international outlets.
Read more about the Call here.
Download the Call
