Norway is a large energy producer, and one of the world's largest exporters of oil. Most of the electricity in the country is produced by hydroelectricity. Norway is one of the leading countries in the electrification of its transport sector, with the largest fleet of electric vehicles per capita in Contact online >>
Norway is a large energy producer, and one of the world''s largest exporters of oil. Most of the electricity in the country is produced by hydroelectricity. Norway is one of the leading countries in the electrification of its transport sector, with the largest fleet of electric vehicles per capita in the world (see plug-in electric vehicles in Norway and electric car use by country).
Since the discovery of North Sea oil in Norwegian waters during the late 1960s, exports of oil and gas have become very important elements of the economy of Norway. With North Sea oil production having peaked, disagreements over exploration for oil in the Barents Sea, the prospect of exploration in the Arctic, as well as growing international concern over global warming, energy in Norway is currently receiving close attention.
In January 2008 the Norwegian government declared a goal of being carbon neutral by 2030, through the purchase of carbon offsets from other countries.[2]
It has been argued that Norway can serve as a role model for many countries in terms of petroleum resource management. In Norway, good institutions and open and dynamic public debate involving a whole variety of civil society actors are key factors for successful petroleum governance.[12]
Increasing competition among oil suppliers also poses as a challenge within the fossil fuel debate. The evident transition to renewable energy may cause suppliers to quickly secure the remaining supply of oil so their fossil fuel assets do not go unprofitable and undeveloped.[14] The European Union''s history of taxing oil products and carbon-intensive also supports the transition away from fossil fuels.
In the aftermath of the 2022 Nord Stream pipeline sabotage, Norway became the leading natural gas supplier to the European Union. According to Lukas Trakimavičius, an energy security expert from the Center for European Policy Analysis, there is a risk that hostile actors could try to negatively affect the European Union''s natural gas security by targeting Norway''s offshore gas infrastructure. Considering the size and remoteness of Norway''s subsea pipelines, attribution of such an attack could be very difficult.[15]
In 2021, 64 wind farms had total installed wind power capacity of 4,649 MW with 706 MW of onshore power being added in 2021. Electricity produced in 2021 being 11.8 TWh or 8.5% of Norway''s needs.[22]
Norway was the first country to generate electricity commercially using sea-bed tidal power. A 300-kilowatt prototype underwater turbine started generation in Kvalsund Municipality, south of Hammerfest, on November 13, 2003.[23][24]
Electricity generation in Norway is almost entirely from hydroelectric power plants. Of the total production in 2005 of 137.8 TWh, 136 TWh was from hydroelectric plants, 0.86 TWh was from thermal power, and 0.5 TWh was wind generated. In 2005 the total consumption was 125.8 TWh.[1][needs update]
Norway and Sweden''s grids have long been connected. Beginning in 1977 the Norwegian and Danish grids were connected with the Skagerrak power transmission system with a transmission capacity of 500 MW, growing to 1,700 MW in 2015.[25] Since 6 May 2008, the Norwegian and Dutch electricity grids have been interconnected by the NorNed submarine HVDC (450 kilovolts) cable with a capacity of 700 megawatts.[26]
Despite producing the majority of its electricity from hydroelectric plants, Norway is ranked 30th in the 2008 list of countries by carbon dioxide emissions per capita and 37th in the 2004 list of countries by ratio of GDP to carbon dioxide emissions. Norway is a signatory to the Kyoto Protocol, under which it agreed to reduce its carbon emissions to no more than 1% above 1990 levels by 2012.
About Norway electricity
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