Goal 1: High energy security for Nordic consumers and companies

Secure access to affordable energy is crucial for all of the Nordic countries, and the countries all have proactive climate policies and ambitious climate goals. The Nordic countries have different natural resources, and they have chosen different paths to achieving security of supply; however, the different energy sources complement each other well and contribute towards better overall security of supply in the Nordic Region.

The geopolitical tensions and other developments of recent years have posed a challenge to Nordic energy systems in terms of both security of supply and energy costs. Nordic co-operation around security of supply can help to make the systems more robust in the face of future challenges.

Adequate levels of energy production, including electricity production in particular, are a key requisite to maintaining the high level of security of supply enjoyed in the Nordic Region. As our societies become increasingly electrified, and as new technologies (such as hydrogen production) considerably increase energy demand, a significant increase in electricity production capacity will be needed. The Nordic countries face many of the same challenges in terms of establishing framework conditions that can ensure sufficient capacity, and there is a desire to enhance co-operation in this area.

The necessary transition of the energy sector concerns many people and this means that the transition must be implemented in a manner that is considered acceptable by those concerned. Sharing knowledge between the Nordic countries, developing inclusive processes and increasing knowledge and understanding can all contribute towards a successful implementation. This applies to both the physical facilities involved and to how the cost of the transition is divided.