The Fridtjof Nansen Institute has published a new policy brief on the views of Norwegian stakeholders on just oil and gas transition pathways.
The brief builds on findings from a recent Oil and Gas Transitions report. The brief highlights that Norway is well-positioned to start transitioning away from petroleum production as it possesses large financial resources, has well-functioning socio-political institutions, and the industry has the technical know-how to reduce emissions and produce alternative energy sources.
Yet, achieving such a transition – one that is just – will be contentious and challenging, as it will require transforming the entire economy and moving financial resources out of a well-known, super-profitable industry.
