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Emissions Targets and Energy Efficiency Opportunities in Norway
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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 Norways emissions and energy efficiency targets and initiatives.
* Analysis of Norways 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 Norways 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 Norways 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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