Nordic Green Indices - See the big picture in the green transformation

The official position of the Nordic Council is to be the most sustainable and integrated region in the world. And since the pandemic brought the mantra “build back better”, it's been clear that there has been a step change in the commitment of government and business to doing so. A wave of stories suggests new initiatives are beginning on a weekly, sometimes on a daily basis, and smart money is seeking out the most prospective investments. Denmark has its eye-catching energy islands and Power-to-X whilst Sweden is working on fossil-free steel and Norway its pioneering Ocean Space Centre. But is the trend broad-based, and which country is doing the most heavy lifting? 

Mundus International's Nordic Green Indices are designed to help answer these questions, using a combination of big data and our expertise in green markets. Mundus International has been tracking new announcements from corporates, start-ups, governments and finance for 18 months. We have now analysed the Nordic green business sector for the entirety of 2021. It is the only analysis that we know of its type and it tracks total activity, dissecting it via country and technology. Amongst the headlines;

• Across the Nordics, there has been a 35% increase in activity over the year 

• Much of this change in activity comes from Sweden, where there appears to be a significant boom in green innovation

• The green sector with the most “hype” is hydrogen, which accounts for over 20% of reporting. Batteries are seeing significant investment and other emerging sectors such as EVs, CCS and PtX continue to move forward

• In December there were 7 major projects announced. The most significant of these was Svenska kraftnät, the Swedish grid operator saying that it is planning for SEK 100 billion of investments in upgrading grid capacity over the next decade.

• No company has all the skills required to do it on its own, and there is a clear trend for international collaboration in developing megaprojects. Two of December’s megaprojects involved collaboration between Swedish and Iberian companies and another with a South Korean supplier of battery materials

In the attached report (see Related Media below) you will find the data supporting these conclusions and more. Designed as a complement to the daily Mundus Nordic Green News, the Indices are published each month and track total activity, dissecting it via country and technology type. In addition, we cover changes in government policy and activity in the financial markets, publishing the key drivers of economic transformation in one location. 

We are now in an era hailed by Bain & Company as the ‘Great Acceleration’, a period in which the pace of advancements in technology and innovation, will by necessity and through increased investment, increase exponentially. Keep track of events via this overview by replying to sean@mundus-international.com 

And for those interested in tracking developments on a daily level, “Follow” Mundus Nordic Green News.