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In 2007 norway produced more renewable energy than it

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Unformatted text preview: April 21, 2008. 43 Norges Vassdrags- og Energidirektorat (Norwegian Water Resources and Energy Directorate). Available on: <www.nve.no/modules/module_111/news_group_view.asp?iCategoryi d=623&lang=e>. 42 35 © Ifri F. Harbo / The European Gas and Oil Market When a Norwegian hydropower producer sells “guarantees of origin”, which guarantees that the buyer has bought good Norwegian hydropower, Norwegian electricity consumption automatically uses less wind power. But this is only on paper. The part of renewable energy is still lower than in reality. This makes it difficult for the Norwegian companies to keep positive climate accounts. In 2007, Norway produced more renewable energy than it used, but at the same time renewable energy does not make up more than 82% in the Norwegian Water Resources and Energy Directorate’s so-called commodity declaration on national consumption. The reason is that energy producers earned money through the export of the guarantees of origin to...
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