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Green CompetitivenessDelegation of the EU to Norway, 26 April 2017

Idar Kreutzer, CEO Finance Norway

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Climate Change • Economic Growth • Jobs Creation

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Changes in Carbon Emissions from European Countries 2000-2016

3

Source: BP Statistical Review of World Energy 2016/Carcon Counter @CO2counter

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CO2 Emissions Norway 2014Emissions to air (millions of tons C02-equivalents)

Expected reductions towards 2030Emissions to air (millions of tons C02-equivalents)

Sources: Norwegian Environment Agency and Ministry of Finance

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From a resource based economy to a

more knowledge based business sector

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Norway Sweden

Source: Center for International Development, Produktivitetskommisjonen

Machinery

Electronics Cars Metals

Oil Oil

Oil

Fish

Woodworking

ChemicalsPlastic

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The Norwegian transition

6

-40

-20

0

20

40

60

80

100

Tusen p

ers

oner

Net changes in number of employees in different sectors 2008-2015

Source: Statistics Norway

Competitive industries

downsizing

Increase in

public sector

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A new reality for Norway – a call for change

• Oil and gas is no longer our primary source of economic growth

• Norway will be a competitive low emission society in 2050

• The private sector is the foundation of economic growth

• We need new and green jobs and value creation

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Stakeholder engagement

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45 one-on-one meetings with businesses and organizations

8 dialogue meetings with the largest industries

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Dialogue

meetingsReal estate

and

construction

Shared

economy and

consumption

Oil and Gas

Circular

economy

Processing

Industry

Knowledge-

based

innovation

Fishing and

Aquaculture

Energy

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Roadmaps: Feedback from the private sector

Platform for

policy framework

development

Processing

IndustryTransport Sector Circular Economy Forestry

Knowledge

based IndustriesAgriculture

Norwegian

Continental

Shelf

Green Shipping Water Industry

Construction and

Real Estate

Trade Industry

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Ambitious roadmap from the processing industry

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Key findings and recommendations

1. Principles for policymaking2. Dynamic and competitive

private sector

3. Public sector engagement 4. Competent and green

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10 principles for policymaking

1. The polluter should pay.

2. Emissions and other externalities should be priced.

3. Higher taxes on what we want less of. Lower taxes on what we want more of.

4. Informed decision-making by consumers should be facilitated.

5. Public procurement should require green solutions.

6. Public planning and investments should be based on the objective of becoming a

low emission society by 2050.

7. A life cycle perspective should be the basis for public investments and procurement.

8. New legislative proposals should include an evaluation of CO2 effects where relevant.

9. Green competitiveness should be built on well-functioning markets.

10. There should be consistent reporting on what we want to achieve and what we want to avoid.

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Sustainable development of marine resources

• Large potential

• Growth must be based on biology

• Need for world class research throughout the value chains

• Knowledge based

• Innovative

• Market oriented

• Export oriented

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Green shipping

• Strong industry throughout

the value chain

• Use of concessions and

procurement to create

markets

• Continue the focus on onshore

power supply – both hybrid

and fully electric solutions

Photo: Fjellstrand

Photo: Christina Svanstrøm, tromso.no

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Forestry

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BiofuelConstruction

materialsCharcoal

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The role of the financial services sector

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The transition to the

low emissions

society

Innovation

Robust societies

and the value of

prevention

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The role of the State

The public sector as a regulator

• Predictable goals

• Efficient national and regional

planning and implementation

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The public sector as an active part

• The state leading the way as an owner

• Using public procurement power to

stimulate green innovation

• Risk mitigation

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From excellent research to

creating value and new jobs

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