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Specialized fund: the Guyana REDD+ Investment Fund (GRIF)
A specialized fund, the Guyana REDD+ Investment Fund (GRIF) was created in 2010 following a 2009 Memorandum of Understanding between the Governments of Guyana and Norway as a means to channel international ficing for avoided deforestation. The World Bank acts as the GRIF trustee, and as of 2014 it had received USD 150 million in payments from Norway. The fund has been used to deploy renewable energy projects.
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Support Scheme for Electricity from Renewable Sources
The regulation for a support scheme to encourage electricity from renewable sources was considered in 2007 and was never implemented. The Norway-Sweden Green Certificate Scheme for electricity production was implemented instead from 2012.
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National Renewable Energy Action Plan (NREAP)
…RES Directive as part of the EEA agreement. Norway submitted its National Action Plan in June 2012.
Norway 2020 renewable energy targets:
Overall target: 67.5% of share of energy generated from renewable sources in gross final energy consumption;
Heating and cooling: 43% of heat consumption met by renewable sources;
Electricity: 114% of electricity demand met by electricity generated from renewable energy sources;
Transport: 10% of energy demand met by renewable energy sources.
The Green certificates scheme that Norway has implemented together with Sweden is the main measure to achieve the target.
The National Action Plan is updated according to the Directive -
Clean Energy for the Future (RENERGI) Program
Clean energy for the future (RENERGI, 2004-2013) is a broad energy RD&D programme administered by the Research Council of Norway. RENERGI encompasses all energy research except petroleum, and includes socio-economic and basic research in the energy field. The primary research areas are renewables (hydro, bioenergy, wind, photovoltaics, thermal solar and ocean energy), energy usage, energy system (including distribution and transmission), biofuels and hydrogen. RENERGI had a budget for 2006 of NOK 150 million and NOK 165 million for 2007. The project funds for 2005 were allocated with 32% to hydrogen, 9% for energy usage, 12% for…
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White Paper on Domestic Use of Natural Gas
In November 2002, the Government issued a White Paper on the domestic use of natural gas. The White Paper puts forward a strategy in order to increase the use of natural gas in Norway. The policy is focused on direct use of natural gas and power plants with carbon dioxide capture and storage. In addition, the report evaluates measures to boost transmission of land-generated electricity to offshore installation, hydrogen and a system of green certificates. The main policy proposals are: - establish a support scheme for domestic distribution of natural gas, administered by Enova SF (the agency for promoting energy…
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White Paper on Innovative Activity for Environmentally Friendly Gas Technologies
A White Paper on Innovative Activity for Environmentally Friendly Gas Technologies was submitted for governmental approval in August 2004. The White Paper addresses three key energy policy matters in Norway: - Efforts to promote environmentally friendly technologies to produce electricity from gas through the establishment of the new body; - The development of infrastructure for gas with a focus on stepwise approach and the transport of natural gas on ships; and - The possible establishment of a Swedish-Norwegian mandatory market for certificates from renewable energy with the objective of submitting a proposal for a law on this matter in spring 2005, and…
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2025 - 2036 National Transport Plan - Railway
During the National Transport Plan for 2025-2036 period, the government will allocate NOK 1 200 billion to the development of an efficient, eco-friendly and safe transport system with the objective to strengthen railway services in Norway. Within the plan, the government plans to spend close to NOK 440 billion on the railway over the next 12 years. It will in particular develop and strengthen the railway where it has an important role in the transport system with the goal to have an environmentally friendly passenger and freight transport by rail. The key for these investments is to develop…
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Coal 2025 Demand
Global coal demand plateau continues, with demand at 2023 levels in 2030 Global coal demand in 2024 is estimated to have reached 8 805 Mt, an increase of 1.5% on the previous year. Growth was concentrated in Asia, while advanced economies continued their structural decline in consumption. Power sector coal use remained the dominant driver, supported by seasonal factors and hydropower variability, while non-power coal demand held broadly stable. China and India accounted for 71% of global consumption, reinforcing the eastward shift in demand.For 2025, global coal demand is projected to reach 8 845 Mt, setting a new record. The increase…
- Executive summary
- Demand
- Supply
- Trade
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+ 2 pages
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Norihiko Saeki
Director for CCUS Policy, Ministry of Economy, Trade and Industry of Japan. Norihiko Saeki serves as the Director for CCUS Policy, the Agency for Natural Resources and Energy (ANRE), the Ministry of Economy, Trade and Industry of Japan (METI). He is responsible for formulating national strategy for Carbon Capture, Utilization and Sequestration (CCUS) in the Japanese government and currently engaged in drafting CCUS Business Act and CCUS Diplomacy as well. Prior to assuming this duty, Mr. Saeki was the Executive Director at Japan External Trade Organization (JETRO) Los Angeles office and oversees and coordinates the collaboration program of “J-Bridge”. He holds a Bachelors degree from the University of Tokyo, has been a visiting scholar at Johns Hopkins University SAIS and completed the Mamagement Acceleration Program at the Anderson School of Management UCLA.
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World Energy Investment 2025 Executive summary
Despite elevated geopolitical tensions and economic uncertainty, this tenth edition of the IEA’s World Energy Investment shows that capital flows to the energy sector are set to rise in 2025 to USD 3.3 trillion, a 2% rise in real terms on 2024. Around USD 2.2 trillion is going collectively to renewables, nuclear, grids, storage, low-emissions fuels, efficiency and electrification, twice as much as the USD 1.1 trillion going to oil, natural gas and coal. Open questions about the economic and trade outlook means that some investors are adopting a wait-and-see approach to new project approvals, but we have yet…
