Carbon - Norway

Question 1

What are the main Norwegian energy exports?

Answer 1

Oil + Gas from territorial waters
Coal

Question 2

What is Norway’s dominant fuel source?

Answer 2

HEP
Mountainous terrain + plentiful rain

Question 3

Which single firm dominates Norwegian HEP supply?

Answer 3

Norsk Hydro
600 HEP sites
Supplies 97.5% renewable electricity

Question 4

What is the cost disadvantage of HEP in Norway?

Answer 4

Transfer to/from remote rural areas

Question 5

What is Norwegian per capita energy use?

Answer 5

5854kg oil equivalent

Question 6

What in Norwegian GDP per capita? (PPP)

Answer 6

$61,500 (2015)

Question 7

What are average annual household energy costs in Norway?

Answer 7

£2400 (2015)

Question 8

What does Norwegian climate policy consist of?

Answer 8

‘Policy for Change’
Net Zero 2050
1990 emissions down 50% by 2030

Question 9

What has the Norwegian approach been to energy supply management?

Answer 9

Interventionist
No foreign primary energy ownership
Sovereign wealth fund

Question 10

What is the Norwegian Sovereign Wealth Fund?

Answer 10

$1.6b govt pension fund
Invests surplus revenues + profits made on energy
Reserved for future security