The green transition accelerates across Europe. A process that will last a long time, with all the countries that will be involved, none excluded. Even those who are already in a very favorable position at the moment, such as Norway: the Norwegian prime minister did not use too many words to admit that his is the most sustainable nation in the world that breaks all ecological records with the greenest factory in the world and the first sustainable city in the world. Despite this, the green transition does not stop and to carry it out we need money, which Norway is ready to raise from oil and gas.
Green Pass and transport, we go towards the obligation
So here is that today’s edition of The paper, and not only, speaks of “ecological paradox“: The great and continuous need for oil and gas, also to produce alternative energy and technologies, announced by the Norwegian premier denotes a great inconsistency with the green diktats reaffirmed by the Scandinavian country. An environmental champion like Greta Thunberg has also lashed out against Norway, highlighting the government’s obvious gap between words and deeds. But there is a reason that justifies, or at least motivates, this strategy of Norway: in fact, black gold is also the reason why the 5.4 million inhabitants of the Scandinavian country today boast the largest sovereign fund in the world, which is worth a whopping 1.36 trillion dollars. Norway’s strategy is to focus on greener oil: the gigantic and controversial Johan Sverdrup oil field off the country will generate fewer emissions than any other in the world, with 0.7 kg per barrel produced compared to a world average of 18 kg.
Timmermans: “Fair and supportive green transition”
And that’s not all, because Nbim, the asset management branch of the Norwegian central bank and the very rich sovereign fund, has just agreed to acquire a 50% stake in the Borssele offshore wind farm in the Netherlands: let’s talk about the second largest wind farm in the world, which has a capacity of 752 megawatts and can produce enough energy to meet the annual electricity demand of around one million Dutch households. Finally, as regards the world of mobility, Norway aims to register only electric cars starting in 2025. Furthermore, in the capital Oslo, a new pedestrian area was created for the first time using only zero-impact vehicles.