Fossil Fuels - At What Cost? Government support for upstream oil and gas activities in Norway
The GSI's third report in the series "Fossil Fuels - At What Cost?" identifies and estimates support for oil and gas production in Norway.
This detailed analysis identifies nine subsidies, six of which cost around NOK 25.5 billion (US$ 4 billion) in 2009. These subsidies include a tax reimbursement for exploration expenses, accelerated deductions on investments, research and development grants, the provision of seismic investigations by the Norwegian Petroleum Directorate, the provision of infrastructure and facilities by Gassco, and special treatment of the Snøhvit field in Northern Norway. The report analyzes the impacts of the three largest subsidies on government revenue, employment and carbon emissions. It also provides recommendations for the Norwegian government to improve the transparency of subsidy expenditures. Other studies in this series include coverage of Indonesia, Canada and Russia.
You might also be interested in
The Strait of Hormuz Crisis Emphasizes Why Canada Should Move Away From Oil and Gas—Not Expand It
The closure of the Strait of Hormuz cut off roughly 25% of the world’s seaborne oil and 20% of LNG trade. In response, many countries are diversifying supply chains and increasingly ramping up domestic renewable capacity to improve energy security. Meanwhile, the Government of Canada has taken steps to expand oil and gas production.
Managing Energy Price Crises
This report outlines a strategic decision framework policy-makers can use when responding to fossil fuel price shocks.
Removing a Fossil Fuel Subsidy Is a Means, Not an End—The transition is the point
COFFIS is an international coalition working to phase out fossil fuel subsidies. Kim Solberg, part of the team that founded COFFIS, sits down to explain what made it possible—and why, in her view, a subsidy can only be removed as part of the wider transition it's meant to serve.
IISD Submission to the Belém Mission to 1.5
This submission is made in response to the invitation from the United Nations Climate Change Conference (COP) 29, COP 30, and COP 31 Presidencies on the Belém Mission to 1.5.