Environment accounts

The Nordic countries cover an area of almost 3.5 million square kilometers. Despite their northern location, the Nordic countries generally have a mild climate compared to other countries at the same latitude. This is mainly due to the Gulf Stream. The environment is an important priority in the Nordic countries. The Nordic region is one of the richest sources of energy in the world. Apart from the natural occurrence of fossil fuels such as oil and gas, the Nordic region has also great opportunities to exploit renewable energy sources such as water, wind, bio-energy and geothermal heat. Carbon dioxide is the greenhouse gas with the greatest overall impact on the earth’s energy balance. According to the Kyoto Protocol, which forms the basis for an international agreement on greenhouse gas emissions, the industrial countries are to ensure jointly that during the period 2008-2012, the overall emission of greenhouse gases is reduced to at least 5 per cent below 1990 levels. The EU nations have decided that 20 per cent of energy consumption in 2020 must come from renewable energy while reducing greenhouse gases by 20 per cent compared to 1990 levels. In addition, it was introduced as an indicative target to increase energy efficiency by 20 per cent. Some nations have implemented even more ambitious targets set in the Copenhagen Accord, where the nations could state their own individual goals. For more information:


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