Energy Transition Norway 2021

Is Norway on track to meet its energy transition targets? Read DNV's findings in Energy Transition Norway 2021, a report commissioned by the Federation of Norwegian Industries (Norsk Industri).

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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. 

  1. Norway is not likely to meet its 2030 climate targets
  2. Growing renewable electricity is urgent to fertilize green industrial growth and fulfill decarbonization targets    

  3. Oil and gas exports are set for a continuous decline, resulting in dramatic losses of export revenue 

  4. Norway has a solid platform to grow green exportorientated industries — but that needs supporting policies