SHARE
COPY LINK

NORTHERN LIGHTS

Norway business sees ‘huge opportunity’ in green transition

Three-quarters of the leaders of big Norwegian companies now believe that the transition to a green economy represents a significant business opportunity, a new survey has found.

Norway business sees 'huge opportunity' in green transition
Sverre Overå, project director for Northern Lights, in front of the Northern Lights template. (Photo: Arne Reidar Mortensen)
When the Confederation of Norwegian Enterprise polled business leaders ahead of its annual conference next month, 74 percent of those leading companies with more than 100 employees said they saw opportunities in the coming green transformation. 
 
“Carbon capture and storage is one example. You also see investments in batteries, hydrogen and offshore wind,” the lobby group's chief executive, Ole Almlid, told state broadcaster NRK
 
“I hope we end up remembering 2020 as the year when Norwegian business and industry finally properly understood the great opportunities that lie in climate change.” 
 
 
Almlid said that the coronavirus crisis promised to accelerate the shift, with 30 percent of the European Union's €750 billion coronavirus recovery package going towards European Green Deal projects. 
 
“The restructuring will go much faster, because it comes after such a crisis, and then it will go much more in the direction of a greener business community,” he said. 
 
NRK cites the the US aluminium producer Alcoa as a company which could benefit, with Norway well positioned to lead the shift towards zero-carbon aluminium. 
 
“We have two competitive advantages: We often have low prices for electricity, and we produce clean aluminium. We use renewable electricity from water and wind. The rest of the world mostly uses gas and coal,” said Ole Løfsnæs, who leads the confederation's energy department. 
 
Alcoa is working on a revolutionary smelting technology which would use renewable electricity rather than coke. 
 
On December 15th, the Norwegian Government announced its decision to fund the Northern Lights project, which will see 1.5 million tonnes of CO2 stored per year in a depleted gas field in the Northern North Sea. 
 
Across the border in Sweden, big industry is already pushing ahead, with state-owned iron ore producer LKAB planning to invest 400bn Swedish kronor (€40bn) over the next 15–20 years to switch its entire production from iron ore pellets to hydrogen-reduced sponge iron. 
 
This would preventing LKAB’s customers from releasing 35m tonnes of carbon dioxide emissions a year. 
 
Together with steel producer SSAB, LKAB aims to set up demonstration plant which by 2026 will produce one million tonnes of zero-carbon sponge iron. 
 

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

ENVIRONMENT

France gets help from EU neighbours as wildfires rage

Firefighting teams and equipment from six EU nations started to arrive in France on Thursday to help battle a spate of wildfires, including a fierce blaze in the parched southwest that has forced thousands to evacuate.

France gets help from EU neighbours as wildfires rage

Most of the country is sweltering under a summer heatwave compounded by a record drought – conditions most experts say will occur more often as a result of rapid climate change.

“We must continue, more than ever, our fight against climate disruption and … adapt to this climate disruption,” Prime Minister Elisabeth Borne said after arriving at a fire command post in the village of Hostens, south of Bordeaux.

The European Commission said four firefighting planes would be sent to France from Greece and Sweden, as well as teams from Austria, Germany, Poland and Romania.

“Our partners are coming to France’s aid against the fires. Thank you to them. European solidarity is at work!” President Emmanuel Macron tweeted.

“Across the country over 10,000 firefighters and security forces are mobilised against the flames… These soldiers of fire are our heroes,” he said.

In total, 361 foreign firefighters were  dispatched to assist their 1,100 French colleagues deployed in the worst-hit part of the French southwest.

A first contingent of 65 German firefighters, followed by their 24 vehicles, arrived Thursday afternoon and were to go into action at dawn Friday, officials said.

Among eight major fires currently raging, the biggest is the Landiras fire in the southwest Gironde department, whose forests and beaches draw huge tourist crowds each summer.

It had already burned 14,000 hectares (35,000 acres) in July – the driest month seen in France since 1961 – before being contained, but it continued to smoulder in the region’s tinder-dry pine forests and peat-rich soil.

Since flaring up again Tuesday, which officials suspect may have been caused by arson, it has burned 7,400 hectares, destroyed or damaged 17 homes, and forced 10,000 people to quit their homes, said Lieutenant Colonel Arnaud Mendousse of the Gironde fire and rescue service.

Borne said nine firefighting planes are already dumping water on the blaze, with two more to be in service by the weekend.

“Gigantic”
“We battled all night to stop the fire from spreading, notably to defend the village of Belin-Beliet,” Mendousse told journalists in Hostens.

On several houses nearby, people hung out white sheets saying: “Thank you for saving our homes” and other messages of support for the weary fire battalions.

“You’d think we’re in California, it’s gigantic… And they’re used to forest fires here but we’re being overwhelmed on all sides — nobody could have expected this,” Remy Lahlay, a firefighter deployed near Hostens in the Landes de Gascogne natural park, told AFP.

With temperatures in the region hitting nearly 40C on Thursday and forecast to stay high until at least Sunday, “there is a very serious risk of new outbreaks” for the Landiras fire, the prefecture of the Gironde department said.

Acrid smoke has spread across much of the southwestern Atlantic coast and its beaches that draw huge crowds of tourists each summer, with the regional ARS health agency “strongly” urging people to wear protective face masks.

The smoke also forced the closing of the A63 motorway, a major artery toward Spain, between Bordeaux and Bayonne.

The government has urged employers to allow leaves of absence for volunteer firefighters to help fight the fires.

Meanwhile, in Portugal, more than 1,500 firefighters were also battling a fire that has raged for days in the mountainous Serra da Estrela natural park in the centre of the country.

It has already burned 10,000 hectares, according to the European Forest Fire Information System (EFFIS).

SHOW COMMENTS