Wednesday, October 5, 2016
The Economy of Norway and How that affects sustainability
Norway, considered a first world nation by all financial statistics, has a strong economy. their gross GDP has climbed steadily over the few years from $496 billion in 2011 to $524 billion in 2015. Because of this industrialized economy, Norway has been able to invest heavily in clean energy. About 99% of all electricity produced in Norway comes from hydroplants around the country, there is also a push within the country to explore wind, wave, and bio energy. Norway is even the world's largest producer of solar silicon (the coating for solar panels) even though Norway itself has little use for solar power. The fact that Norway is such a developed nation has helped with it's push towards sustainable energy, to the point where the oil and gas industries of Norway are slowly being phased out of it's economy.
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This is really cool! I didn't know they're so involved with solar energy. I kind of want to move there now.
ReplyDeleteI knew two people who worked on offshore oil rigs from Norway. Norway is not in the Euro or EU - and those regional characteristics are important for all policies, including sustainability. The EU also contributes significantly to programs that promote sustainable development internationally. http://www.euronews.com/2013/03/29/norway-and-the-eu
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