IEA: – Norway a major contributor to energy security
As a major oil and gas producer as well as a strong global advocate of climate change mitigation, Norway holds a unique position in the global energy sector. Moreover, as the third largest exporter of energy in the world, Norway is a major contributor to the energy security of consuming countries. These are among the conclusions in a new report on Norway’s Energy Policies from the International Energy Agency (IEA).
Today IEA presents its report from the in-depth review of Norway. The critique and recommendations have been made after the review team visited Norwegian authorities, industry and organizations in May 2010.
The IEA presents positive views on Norway’s policies on the power market, renewable energy, on global climate change and handling of CO2 emissions, security of energy supply and technology development.
-IEA points out that Norway is an important contributor to energy security as one of the world’s largest exporter of energy. The report confirms that Norway is a world leader in its efforts to reduce global greenhouse gas emissions, and in developing new technologies. Norway spends more per capita on research and development than most other countries in the world, says State Secretary Per Rune Henriksen.
The IEA was founded in response to the 1973/74 oil crisis. Its initial role was to increase member countries’ security of supply. The Agency has developed into a forum for discussion and analysis covering a wide range of energy issues. Norway adhered to the Agency a year later and the Agency has now 28 member countries. IEA is an independent body within the OECD family. The secretariat is located in Paris. In-depth reviews of member countries energy policies are a core activity of the Agency.
Source: Ministry of Petroleum and Energy