Energy
Climate change reforms the entire energy system.
Effective climate action requires international cooperation and concrete pilot projects – the Nordic countries can lead the way
In November, the COP27 climate conference will be held in Egypt. Climate finance will be in focus, as part of which work on the implementation of the new market mechanisms for carbon market under Article 6 of the Paris Agreement is expected to progress. Last year’s conference in Glasgow saw a significant step forward, with an agreement reached on a common framework for these mechanisms. With over 20 years of experience in climate finance and carbon markets based on the Kyoto Protocol, the Nordic countries have an excellent opportunity to lead the way in the practical application of the new mechanisms through pilot projects with partner countries.
