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Emissions Targets and Energy Efficiency Opportunities in Norway

Introduction

In line with international agreements, Norway has set itself ambitious environmental targets, with its latest reforms aimed at meeting them. In 2008, the country agreed to steep emissions cuts of 30% below 1990 levels by 2020, in line with the overall European Union (EU) target of 20%. However, the country went a step further later in 2008 and committed to carbon neutrality by 2030.

Features and benefits

• Analysis of key facets of Norway' s emissions and energy efficiency targets and initiatives.
• Analysis of Norway' s performance with respect to its set targets for emissions control and energy efficiency.
• Key business opportunities generated by Norway through policies and measures undertaken to achieve its emissions and efficiency targets.
• Analysis of Norway' s long term plan, and the importance of carbon capture and storage in the country.

Highlights

Norway is not a party to the EU 20-20-20 targets. However, its emissions reduction schemes have paralleled those of the EU as the country’s economy becomes more closely entwined with the Union. A large chunk of its carbon mitigation is expected to come through the ETS and cooperative projects with other countries.

Norway has a 30% emissions reduction target, the achievement of which will be through energy efficiency measures as well as emissions reduction and renewable energy initiatives.

The country plans to be carbon neutral by 2030, and the achievement of this is dependent on its efficiency, renewable energy, and emissions performance. When it comes to reducing emissions, Norway has pinned its hopes on programs like the ETS, which will ensure that it can push a lot of measures outside the country, at least in the short term.

Your key questions answered

• Assess Norway' s potential for investment in sectors involving energy efficiency and emissions mitigation.
• Analyze trends for energy usage, emissions control and legislations in place in Norway in order to meet its emissions targets.
• Identify sectors with high levels of legislative support and their future outlook.

Table of Contents

OVERVIEW
   Catalyst
   Methodology
   Executive summary
COUNTRY SNAPSHOT
   Macroeconomic indicators
   Energy sector overview
INTRODUCTION
   Emissions mitigation in Norway
      Current action plan
   Role of energy efficiency
   Carbon capture and storage (CCS)
      Viability of CCS
      CCS in the EU and Norway
EMISSIONS MITIGATION IN NORWAY
   Commission on Low Emissions
   Major schemes
      Emissions trading scheme
      Taxation
      Pollution Control Act
      Climate awareness campaign
   Emissions by sector
   Emission reduction measures by sector
      Transport
      Petroleum and energy
      Manufacturing
      Buildings
      Waste
   Opportunities afforded by potential and current measures
   Future outlook
ROLE OF EMISSIONS TRADING IN NORWAY
   The Kyoto Protocol and emissions trading in Norway
   Emissions outside the ETS in Norway
   Emissions performance of Norway
   Future outlook
ENERGY EFFICIENCY IN NORWAY
   Compliance and measures employed
      Housing and services
      Transport
      Industrial
   Energy efficiency performance
   Future outlook
CONCLUSION
   Trends for energy efficiency and emissions
   Business opportunities
   Performance and future outlook
APPENDIX
   Mechanism of ETS in Norway
   Reduce energy use - Industry
   Sources
   Further reading
   Glossary
      Biofuel
      Biomass
      Carbon dioxide (CO2)
      Carbon dioxide equivalent (CO2e)
      Carbon footprint
      Carbon offset
      Carbon trading
      Cleantech
      Climate change
      Cogeneration
      Compound annual growth rate (CAGR)
      Emissions trading
      Geothermal energy
      Greenhouse gases (GHGs)
      Hydropower energy (hydro)
      Microgeneration
      Photovoltaic (PV) and solar thermal energy
      Renewable energy
   Ask the analyst
   Datamonitor consulting
   Disclaimer
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