The Energy Transition Norway report describes DNV’s view of the most likely development of Norway’s energy future, and details the dynamics, challenges and opportunities ahead. The forecast also provides a basis for assessing whether Norway is likely to meet its energy and climate-related targets.
- Norway is not likely to meet its 2030 climate targets
- Growing renewable electricity is urgent to fertilize green industrial growth and fulfill decarbonization targets
- Oil and gas exports are set for a continuous decline, resulting in dramatic losses of export revenue
- Norway has a solid platform to grow green exportorientated industries — but that needs supporting policies