Nordic business’ expectations of the COP30 negotiations
Nordic businesses reaffirm their strong commitment to the Paris Agreement and EU climate goals, stressing that global cooperation is essential for achieving net-zero emissions by 2050. They call on COP30 negotiators to raise global ambition and ensure that all countries take concrete, transparent, and reliable steps to reduce emissions.
Key expectations for COP30 include:
Enhancing global climate mitigation by accelerating the phase-out of fossil fuels, scaling renewable energy, improving energy efficiency, and supporting carbon removal technologies.
Establishing effective global market mechanisms, including a global carbon price and well-functioning systems for international carbon trading and credits.
Mobilising significantly more climate finance, especially from private sources, and operationalising the Baku-to-Belém Roadmap to fund mitigation and adaptation efforts worldwide.
Recognising the circular economy as a central tool for reducing emissions and enabling sustainable economic growth.
Ensuring a just and inclusive green transition, where climate action supports job creation, economic competitiveness, and the well-being of those most affected.
The paper concludes that Europe cannot solve the climate crisis alone. To meet the goals of the Paris Agreement, COP30 must deliver globally binding commitments, strong market mechanisms, and expanded climate finance to accelerate the global transition.