Norway’s Oil & Gas Industry: A Thriving Sector

Norway has been a leader in integrating environmental and climate action into its policies and practices. The country has set ambitious targets for reducing greenhouse gas emissions and has a strong focus on leveraging its clean electricity system, particularly its extensive hydropower resources, to decarbonize various sectors. Norway’s energy demand is highly electrified, with electricity covering almost half of the country’s total final consumption, the highest share among IEA member countries. The government has created a long-term plan for offshore wind developments and is committed to boosting green investments, cutting climate emissions, and transitioning to a net-zero society.
Norway’s efforts to promote sustainability extend beyond its borders. The country supports access to affordable, sustainable, and clean energy in many developing countries, both bilaterally and through multilateral partners. Norway’s development assistance is guided by the United Nations’ Sustainable Development Goals (SDGs), which aim to end poverty, protect the planet, and ensure prosperity for all. Norway’s development assistance focuses on areas such as education, health, gender equality, and climate change, with a particular emphasis on supporting the most vulnerable populations.
In addition to its development assistance, Norway is also committed to promoting sustainable food systems. The country recognizes the importance of agriculture, aquaculture, and fisheries in achieving food security and improving nutrition. Norway’s efforts in this area include supporting sustainable agriculture practices, promoting sustainable fisheries management, and investing in research and development to improve food systems.
Overall—Norway’s commitment to sustainability is evident in its policies and practices, both domestically and internationally. The country’s efforts to reduce greenhouse gas emissions, promote renewable energy, and support sustainable development are crucial in addressing the global challenges of climate change and environmental degradation. Norway’s leadership in these areas serves as an example for other countries to follow in promoting a more sustainable future.

Contact us for detailed strategy execution with Country Specific Solutions

Scroll to Top