4 ms·

Doesn’t most of Norway’s power come from hydro?

seibelj 6y ago
I don’t know, but Norway has profited immensely from oil and gas through their sovereign wealth fund, which is also used as a model for how other countries should establish social safety nets. If Norway was truly sorry, they should liquidate all of their oil profits and use it to invest in research to make a carbon neutral future. As it stands they ruined the environment and now will profit off the backs of the rest of the world through the legacy of their fossil fuel extraction.
- virgilp 6y ago
  I doubt Norway is "sorry". Also, they're barely on the 13h place... what does US do, at the policy level? https://www.worldometers.info/oil/oil-production-by-country/ https://www.worldometers.info/oil/oil-production-by-country/ [edit] For all those who scale with population: it doesn't really matter for production. Population matters for consumption, and emissions (if they were producing 5% of US CO2, it would really look bad for Norway; but they don't - per capita the emit half than what US does per capita[1]). I guess it could matter in "benefit per capita"... if that were a thing (outside Norway maybe). I.e. how much did you benefit from US oil production, vs. how much Exxon benefited? I mean, yeah US citizens benefited from cheap gas - but that's because of middle-east production, so in reality the production elsewhere in the world should count on the US as "pollution". [1]https://ourworldindata.org/co2/country/norway?country=~NOR#per-capita-how-much-co2-does-the-average-person-emit https://ourworldindata.org/co2/country/norway?country=~NOR#p...
  - Someone 6y ago
    I think you should somehow scale that by country size. For example, there are about 5½ million Norwegians. I think that, in production per capita, only smaller countries such as Kuwait and Qatar score higher. Having said that, because of the law of large numbers, in any ranking scaled by size, the outliers typically are the smaller entities.
  - nullandvoid 6y ago
    I know nothing much on this topic, but worth considering Norway's population is 5 million, versus 330 million in the US. All of a sudden it doesn't seem that impressive if Norway is only producing 15% the amount of the US
- altacc 6y ago
  Norway's sovereign fund doesn't invest in companies which only carry out exploration & production, and invests in fossil fuel companies only if they also fund renewable research (although that may be token efforts for some). In all that's about 6% of the fund. It also invests a lot in renewable focused companies. Not perfect, but steps in the right direction and Norway is very aware of the contradiction in it's energy usage and fossil fuel production.
vidaj 6y ago
About 96%-99% of Norway's power come from hydro.
romanoderoma 6y ago
True, 96% of their power is produced from hydro, but two things have to be considered - Norway has a population of 5 million - because of the incentive to use electricity, the annual electricity consumption was about 26-27 MWh per inhabitant during 2004-2009 when the European union (EU15) average in 2008 was 7.4 MWh. Norway’s consumption of electricity was over three times higher per person compared to the EU 15 average in 2008 For comparison, Italy makes 41% of its power from hydro, but have to serve a population of 60 million

I don’t know, but Norway has profited immensely from oil and gas through their sovereign wealth fund, which is also used as a model for how other countries should establish social safety nets. If Norway was truly sorry, they should liquidate all of their oil profits and use it to invest in research to make a carbon neutral future. As it stands they ruined the environment and now will profit off the backs of the rest of the world through the legacy of their fossil fuel extraction.

virgilp 6y ago
I doubt Norway is "sorry". Also, they're barely on the 13h place... what does US do, at the policy level? https://www.worldometers.info/oil/oil-production-by-country/ https://www.worldometers.info/oil/oil-production-by-country/ [edit] For all those who scale with population: it doesn't really matter for production. Population matters for consumption, and emissions (if they were producing 5% of US CO2, it would really look bad for Norway; but they don't - per capita the emit half than what US does per capita[1]). I guess it could matter in "benefit per capita"... if that were a thing (outside Norway maybe). I.e. how much did you benefit from US oil production, vs. how much Exxon benefited? I mean, yeah US citizens benefited from cheap gas - but that's because of middle-east production, so in reality the production elsewhere in the world should count on the US as "pollution". [1]https://ourworldindata.org/co2/country/norway?country=~NOR#per-capita-how-much-co2-does-the-average-person-emit https://ourworldindata.org/co2/country/norway?country=~NOR#p...
- Someone 6y ago
  I think you should somehow scale that by country size. For example, there are about 5½ million Norwegians. I think that, in production per capita, only smaller countries such as Kuwait and Qatar score higher. Having said that, because of the law of large numbers, in any ranking scaled by size, the outliers typically are the smaller entities.
- nullandvoid 6y ago
  I know nothing much on this topic, but worth considering Norway's population is 5 million, versus 330 million in the US. All of a sudden it doesn't seem that impressive if Norway is only producing 15% the amount of the US
altacc 6y ago
Norway's sovereign fund doesn't invest in companies which only carry out exploration & production, and invests in fossil fuel companies only if they also fund renewable research (although that may be token efforts for some). In all that's about 6% of the fund. It also invests a lot in renewable focused companies. Not perfect, but steps in the right direction and Norway is very aware of the contradiction in it's energy usage and fossil fuel production.

vidaj 6y ago

About 96%-99% of Norway's power come from hydro.

romanoderoma 6y ago

True, 96% of their power is produced from hydro, but two things have to be considered - Norway has a population of 5 million - because of the incentive to use electricity, the annual electricity consumption was about 26-27 MWh per inhabitant during 2004-2009 when the European union (EU15) average in 2008 was 7.4 MWh. Norway’s consumption of electricity was over three times higher per person compared to the EU 15 average in 2008 For comparison, Italy makes 41% of its power from hydro, but have to serve a population of 60 million