Green Deal in the Arctic
– How can the Arctic Be a Part of the Solution in the Energy Sector?
Together with Member of the European Parliament Urmas Paet, Troms & Finnmark County Council and Northern Norway European office, Arctic Frontiers brought discussion on energy transition and the role of the Arctic region to Brussels. A topic of high relevance globally and within the European Union, the event gathered industry representatives and policy makers at the end of June to the European Parliament.
The event built upon the discussions focusing on energy transition started in Tromsø earlier this year (watch brief film here).
With the drastic change in the geopolitical landscape combined with the accelerated pace of green transition, Arctic energy is to an increasing degree being seen as a part of solution, said Executive Director Anu Fredrikson in her opening remarks. With technological development and new energy carriers, the energy assets previously considered stranded can become viable. MEP Urmas Paet underlined that the current war in Ukraine showed Europe’s vulnerability in terms of energy supply. Hence it is necessary to raise awareness on how Arctic can contribute to solve the security of supply, and what EU could do in this context.
Short presentations from the companies demonstrated latest developments and innovation in the energy sector in the Arctic. Toril Inga Røe Utvik from Equinor, Bjørgulf Haukelidsæter Eidesen, CEO and Founder Horisont Energy and Geir Seljeseth from Industri Energi underlined that the Arctic is has the future potential to be a reliable supplier of energy to Europe. Gas was generally seen as an important source of energy during the transition, and can be utilized to produce low emission carriers such as hydrogen and ammonia. While the development of the Arctic renewable energy potential such as offshore wind is high on the agenda, reduction of CO2 from existing production e.g. through carbon capture and storage was seen as an important aspect.
The companies also called for a clearer framework in the energy sector to be able to plan and invest for the future solutions. The following discussion confirmed a shared ambition on 2030 targets but revealed the need for clarifications regarding implementation of the European Union Arctic strategy.
In his concluding remarks, MEP Urmas Paet hoped for” the good common sense from the North to be exported to Europe together with the great energy solutions”.