Policy & Trading

EV and hybrid sales cost state coffers billions

The considerable growth in new electric and hybrid car sales as well as smaller cars subject to low registration and operation fees is estimated to have cost the Norwegian state NOK 25 billion (EUR 2.65 billion) in recent years.

Norwegian FSA ready to probe Nasdaq Oslo collapse

The Norwegian financial supervisory authority has opened an probe into Nasdaq Oslo concerning energy trader Einar Aas' recent market debacle, and the FSA will present the results of its inspection before the end of the year, writes Norwegian finance minister Siv Jensen.

The oil industry fears green governments

It will take decades to phase out fossil fuels, but an increasing number of countries are spurring that development, leading oil companies to think shortsightedly while investors get nervous. The powerful upward pressure under energy prices is already slowing down the global economy.

Danish knowhow will boost energy exports on key markets

Denmark's experience as a pioneer in the energy sector will be applied and expanded to two new markets via a group of energy consultants appointed by the state. In the US, one consultant will focus exclusively on offshore wind.

Possible Norsk Hydro closure could reduce Norway's power use by 12 percent

If Norwegian aluminum and energy company Norsk Hydro closes for a period, there could be extensive consequences for the largest-ever Nordic PPA. The company has committed itself to buy power for 19 years from the enormous 650 MW Markbygden onshore wind farm – a commitment that might be difficult to uphold due to a raw materials shortage.

Viking Links gives almost no CO2 reductions

The controversial interconnector cable between Denmark and the UK will not reduce greenhouse gas emissions before 2030. Even then, the cable's effect would appear to be minimal.

Big banks incorporate climate considerations into shipping loans

Banks are now prepared to place climate demands on their maritime customers. Several of the world's leading shipping banks are working on a set of guidelines under the name "Poseidon Principles", which aims at pressuring the sector into thinking green, gathers ShippingWatch.

PensionDanmark still confident in offshore wind returns despite price squeeze

In August, when Copenhagen Infrastructure partners with its unexpectedly low bid won the auction for what will be the US's first large-scale offshore wind project, it enjoyed a great deal of capital support from Danish pension provider PensionDenmark. Low prices are not causing the pension company to doubt the potential of offshore wind energy.

IEA exec: CO2 emissions will grow in 2018

Faith Birol says it will be a "big surprise" if global CO2 emissions do not grow this year. Contrary to the world's intentions, 2018 will be the second year in a row where emissions rise.

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