Impacts:

https://www.iea.org/articles/norway-climate-resilience-policy-indicator climate hazard

assesment

https://www.kcl.ac.uk/policy-institute/assets/peritia-climate-change%E2%80%8B.pdf public
perceptions on climate change – study conducted in 2022.

https://www.nytimes.com/2022/01/19/climate/svalbard-glacier-melting.html#:~:text=Over%20
the%20past%20three%20decades,sea%20levels%20around%20the%20globe melting
glaciers

Environmental policies:

https://climateknowledgeportal.worldbank.org/country/norway

https://data.worldbank.org/country/norway?view=chart

● CO2 emissions have been decreasing, forest area has been increasing, electricity
production from renewable sources has increased dramatically (graphs under the title
“environment”).

https://climateactiontracker.org/countries/norway/

https://www.norway.no/en/missions/eu/values-priorities/climate-env/
Opportunities for Norway

Emissions in different sectors

Norway has, through its enhanced nationally determined contribution (NDC) under the
Paris Agreement, committed to reduce emissions by at least 50% and towards 55%
by 2030 compared to 1990 levels. In June 2017, the Norwegian parliament adopted the
Climate Change Act, which establishes by law Norway’s NDC target as well as the target
of becoming a low emissions society by 2050. The target is equivalent to reducing
emissions by around 90-95% from 1990 levels.
The action plan’s main emphasis is on emissions
from sectors not covered by the EU ETS, including from transport, buildings, waste and
agriculture. The plan includes policies and measures aimed at cutting emissions from
non-ETS sectors, which account for around half of Norway’s total emissions, by 45%
by 2030 from 2005 levels

The transition to a low-emission society has to take the current level of emissions as its point
of departure. As in other OECD countries, the level of emissions is high in Norway today. In
2018, per capita emissions in Norway were about 10 tonnes CO2-eq while the world
average was about 6.5 tonnes CO2-eq
Emissions in different sectors are an important starting point for the path towards a
low-emission society.
Participation in the labour market is high, and there are abundant natural resources, a skilled
workforce and sound state revenues. Norwegian workforce are generally well-qualified and
productive, This is a good starting point for making use of new knowledge and new
technology.

Wealth is more equally distributed in Norway than in most other countries. Most people have
the resources and freedom to plan their lives according to their own views and wishes. The
low level of inequality means that people generally trust each other and the public
authorities. This makes cooperation easier, whether in the business sector, in working life or
in the public sector. It also gives individual people a feeling of security and a sense of
belonging, and results in social and political stability. Welfare schemes provide a safety net
that reduces risks for the individual, and can make people more willing to be creative and
innovative. This situation is positive both for general social development and the Norwegian
economy, and is a good starting point for the transition to a low-emission society

Norway has generally close links with the EU, which is our most important trade partner. For
example, the Nordic and European power markets are becoming more and more closely
integrated, both in regulatory terms through the EEA Agreement and physically as new
interconnectors are built to increase transmission capacity between countries. Closer
integration between the Norwegian and European power supply systems will increase the
value of Norway’s flexible hydropower, and make it easier to import electricity in dry years
and periods when Norway has an electricity deficit. Power trade and exchange provides
flexibility that will be an advantage as the power system is developed further. Cooperation in
this field therefore benefits all parties and supports the shift to a low-emission development
pathway.

Challenges for Norway

Norway will have to adjust to a new situation that does not have oil and gas resources.
Growth will have to take place in sectors where there is no economic resource rent. This
means that tax revenues will be lower and companies cannot expect as high a return on
their capital as in the petroleum sector. Fulfillment of the Paris Agreement, may result in
lower demand for energy based on fossil sources and may thus reduce the value of the
remaining oil and gas on the Norwegian continental shelf. The value of Norway’s oil and gas
is also affected by many other factors, including energy demand and the relative costs of
developing new energy resources.

The transition to a low-emission society will alter the conditions for business and industry
and will require changes in every country, including Norway. The Norwegian economy and
business sector have been through major restructuring processes before. The industrial
structure has changed radically in the past 40–50 years. Changing economic conditions,
including the development of new technology and alterations in demand and competitive
conditions, mean that some companies and industries will grow while others become less
important. Even though many people will continue in their current line of work, some
industries and workplaces will be vulnerable in a global low-emission future. Adaptability will
be essential, and people and groups in some areas of the economy are likely to find that
they need different qualifications or that there are fewer opportunities for employment.
Pierre-Louis :

Norway is one of the countries with the lowest level of inequality in the world. People trust in
each other. It means that they are willing to work together on projects such as finding ideas
and solutions against global warming. By 2030, they want to remove fossil resources such
as oil and gas and reduce by 40 % their emissions. They want to make their country a better
place for the next generations. To do so, they will develop their wind farms in order to
produce sustainable electricity but also use solar panels to produce it. They have plenty of
sustainable resources such as water and have a lot of hydroelectric power plant.This is the
future of Norway.