Norwegian Energy Policies
Norway has been recognized as
the third-largest exporter of oil and natural gas in the world. At
the same time, they are known for being a major advocate for climate
change mitigation. Norway has played somewhat contradictory roles in
their energy policies. For one, Norway largely contributes to
high-energy consuming nations that are greatly affecting global
climate change. On the other hand, Norwegians take the notion of
environmental sustainability very seriously as well as climate
Since the late 1960s, Norway has had sovereign rights over the North
Sea. Upon the discovery of a massive oil and natural gas reserve
under the North Sea, Norway has become the third largest oil
exporter in the world, producing approximately 3 million barrels of
oil per day. This level of production has a huge impact on the
Norwegian economy, since it is currently the largest economic sector
in the nation.
Norway's current policy on its oil and gas exportation is primarily
transparency. They have made strong improvements to the overall
security of energy trade throughout the world by providing a
reliable and predictable framework for production and exploration.
Norway also provides all relevant information appertaining to its
energy revenue management and resources.
Because of the rising demand in fossil fuels, Norway's energy
policies support an increase in the production and recovery of these
fuels. Simultaneously, Norway has integrated a number of
environmental considerations into their efforts of production and
recovery. Thus, Norway is continually funding innovative approaches
to safely recover these environmentally hazardous compounds.
Domestically, Norway generates its own electricity primarily from
hydroelectric plants. Out of all the electricity produced in Norway,
about 98 percent comes from underwater turbines that utilize tidal
currents. The other two percent is generated by wind and thermal
Pertaining to climate policies, Norway aspires to reduce their 1990
carbon emissions by 30 percent in 2020. Their main goal is to become
completely carbon-neutral by 2050, which would be an exemplar for
many nations to follow. Thankfully, with the high amount of revenue
that Norway receives from their fossil fuel exports, they are
investing in a number of green solutions that may benefit the rest
of the world.
With such an environmentally conscious energy policy, it is hard to
see how Norway is looking to cut their carbon emission by 30 percent
when they already are essentially carbon-free. The only foreseeable
cuts that could be made would be in their oil and gas manufacturing,
production and transportation. If Norway is trying to expand it's
levels of production, then they will certainly have a hard time
meeting their goal.
On the other hand, if Norway continues to invest in more secure
means of oil and gas recovery and production, then they may be able
to tremendously cut carbon emissions to attain their current goal of
a 30 percent reduction. If they do succeed in engineering safer
means of recovery and production, the world will have a lot to learn
from Norway in terms of their environmentally conscientious methods.
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