At the same time foreign consumers 36 ifri f harbo the

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Unformatted text preview: of guarantees of origin, Norway has to buy CO2 quotas, or avoid guarantees of origin contracts. Companies’ efforts to reduce CO2 is not taken into account by the energy producers in the export of guarantees of origin, when they decide upon how much renewable energy is accessible in Norway. The critique is that the physical consumers of renewable energy have to decide themselves how climate friendly the enterprises in Norway should be and not prioritise the export of guarantees of origin. In Norway, wind power has always been a natural good. In Europe, one is not used to having such large access to renewable energy; that is why the willingness to pay is higher. At the same time, foreign consumers 36 © Ifri F. Harbo / The European Gas and Oil Market make off with the entire environmental impact of Norwegian hydropower, if the Norwegian consumers and enterprises pay more for the same current. There is too much supply of guarantees of origin on the market and not enough demand. This drag...
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This document was uploaded on 03/30/2014.

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