Various issues related to decoupling of industrial energy consumption and carbon dioxide emissions in energy intensive industries in Scandinavia were presented. It was observed that the database with sector-specific energy prices and taxes was established, which allowed the analysis to take various price reductions and tax exemptions better into account. The findings confirmed analyses, which indicated higher long-term elasticities for industries than normally assumed in Scandinavian energy-sector models. With the observations on differences in energy-intensities among sectors and countries the findings allowed for some optimism as to the opportunities for further decoupling between trends in gross value added, carbon emissions and energy consumption.