This week, five Northern European countries joined forces on boosting carbon dioxide removal (CDR) development in their regions, launching the Nordic Carbon Removal Association (NCRA).
The newly launched organization will serve to promote and support carbon removal action in Norway, Sweden, Finland, Denmark, and Iceland.
At the launch event, held on June 3rd, 2025, in Copenhagen, the NCRA team presented a blueprint strategy for combining carbon removal with the Nordic region’s vast natural resources and strategic assets to deliver impactful climate change mitigation while introducing economic benefits for the region.
According to the NCRA, if the Nordic region leverages its resources and potential for developing CDR, by 2050, this industry sector could increase the regional gross domestic product by up to about $19 billion (€17 billion), creating nearly 150,000 high-qualifying job opportunities.
Comprised of companies, researchers, and policymakers active across the five Nordic countries, the NCRA combines knowledge and expertise from leading stakeholders and experts.
The organization is set on a mission to catalyze strong demand for CDR, scaling credible projects and contributing towards the creation of a competitive Nordic CDR industry.
To that end, the NCRA will work to strengthen the cross-border collaboration between its five member countries, focusing on both climate goals and economic and social development.
The European Nordic region is a well-established area in the global climate action landscape.
These countries have already garnered industry attention with notable CO₂-oriented projects, such as the Northern Lights carbon storage project in Norway and landmark bioenergy with carbon capture (BECCS) projects in Denmark and Sweden.
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Beyond just solid cross-border cooperation, Norway, Sweden, Finland, Denmark, and Iceland are also advantaged by advanced technologies, natural resources, and a bustling community of climate-forward research institutions and startups, which position this region as an ideal cultivation spot for decarbonization technologies.
NCRA Secretary General Valter Selén stated, “The Nordics are where the action is on carbon removal. The region has a chance to become a global hub for CDR, aligning policymakers and industry actors to unlock necessary investment, address policy barriers, and generate demand for durable, high-quality removals.”
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