Goal 1: The green transition in the Nordic Region must be implemented in a way that is cost effective and socially just

To achieve our climate objectives, it is necessary to accelerate the green transition of the Nordic economies. It is important that the transition be implemented in the most economically efficient way possible, with fiscal policy frameworks serving to promote the efficient allocation of resources, as well as sound and stable economic framework conditions for green investments, businesses and jobs, and with cost-efficient, emission-lowering initiatives helping to promote a green transition that is socially just. The Council will promote the Nordic exchange of experiences, knowledge and solutions that can support and promote Nordic experiences and solutions internationally. 

The Council will support and promote knowledge-based solutions and Nordic co-operation around the effective use and implementation of economic policy instruments in order to support and accelerate the green transition in the Nordic countries.  

The Nordic countries are at the forefront when it comes to incorporating climate matters into national macro-economic models. The Council will help to advance practical Nordic co-operation and knowledge sharing, and to support the international role and leadership position of the Nordic Region within this area.

The green transition of the Nordic economies must be implemented in a socially just manner that supports the Nordic labour-market model, promotes social cohesion, minimises unemployment and economic inequality, and also generates opportunities for all citizens in the Nordic Region. The Council will promote the Nordic exchange of experiences and policy development that can support an inclusive economic development in the Nordic countries to the benefit of the green and digital transition.