Nordic CEOs to Prime Ministers: These are our sustainability commitments, and this is what we ask of you
Working together to get this done
Brekke is clear that investments, political will, and regulation all need to work hand in hand to improve access to renewable energy from the grid.
“I understand the uncertainty many investors may have when thinking about investing in renewable energy in developing markets. Telenor Group has been operating and investing in these countries for 25 years, with unpredictable regulatory frameworks. But we have also experienced willingness from governments to learn and develop – if businesses are ready to commit,” he says, and underlines that investing in renewable electricity at scale is a crucial if we are to meet the ambitious climate targets set by companies and governments.
“This is particularly true for developing countries where energy consumption is increasing, and grids are often unreliable. But this requires that investments are made attractive and “bankable” as soon as possible.”
Such investments will also contribute in achieving the UN Sustainability Development Goal “Affordable and clean energy”.
The next steps
Brekke is now working together with mobile operator peers through the GSMA, the global organisation for mobile operators, and the wider ICT industry through World Economic Forum to push the initiative forward.
“The global mobile industry and its 5.2 billion customers can be a catalyst to trigger this change, especially if we join forces with other ICT companies. Other industries can then more easily follow once current regulatory and investment obstacles have been solved. From Telenor’s side, we are going to continue to raise this topic in international forums, as well as advocate for this in meetings with government leaders, particularly in our markets,” concludes Brekke.