波士顿咨询（BCG）：2026北欧能源转型势在必行研究报告（英文版）（12页）.pdf

1、The Nordic Energy Transformation ImperativeApril 2026 By Antti Belt,Simon Nordgreen,Antti Kaskela,Eetu Isto,Brge Kristoffersen,Esben Hegnsholt,and Anders Porsborg-Smith03 A Strong Economic Engine04 A Decarbonization Leader04 Profitability Challenges05 Stagnating Productivity 05 Increasing Complexity

2、07 Uncertain Demand07 Each Energy Segment Must Transform09 Common Traits of Success09 A Holistic Approach to Transformation10 About the AuthorsContentsBOSTON CONSULTING GROUPTHE NORDIC ENERGY TRANSFORMATION IMPERATIVE 3The energy sector is a cornerstone of the Nordic economy and a pillar of the regi

3、ons industrial competitiveness.Energy accounts for approximately 10%of the Nordics gross value added GVA1,which is on par with leading sectors such as healthcare,real estate,and retail.Moreover,because the energy sector delivers some of the lowest-cost and lowest-emission power in Europe,the regions

4、 energy-intensive sectors,from aluminum production in Norway to steel manufacturing in Sweden,are highly competitive on the global stage.Despite its strong legacy,however,the sector faces mounting structural challenges.Over the past decade,returns have consistently trailed other industries,with ener

5、gy companies delivering materially lower return on capital employed(ROCE)than industrial peers.To improve their own performance and continue to support the regions economy,companies need to address three broad trends:stagnating productivity,increasing complexity,and uncertain demand.A Strong Economi

6、c EngineAlthough the share of GVA has declined from a peak of around 15%during the energy crisis,its grown from a decade ago when it stood at 78%.The contribution is most pronounced in Norway,where petroleum activities account for roughly 30%of GVA.Across Sweden,Finland,and Norway,the power and util