NORWAY’S INVESTMENT DECISIONS COULD BEND THE CURVE ON CLIMATE CHANGE
The Norwegian sovereign wealth fund could bend the curve on climate change by investing directly into renewable energy, according to a WWF-Norway report. By investing 5 percent of the fund, Norway could finance a relevant increase in renewable electricity generation capacity around the world. This clean electricity could help avoid greenhouse gas emissions equivalent to 35 times Norway’s annual emissions.
HOW MUCH NEW CAPACITY WOULD BE INSTALLED?
21 000 MEGAWATT
About the same installed capacity of 25 nuclear reactors or 30 coal-fired power generators.
2016
2020
US$60 BILLION IN RENEWABLE ENERGY
WHAT WOULD THE IMPACT OF FIVE YEARS OF INVESTMENT BE?
2016
55 TWh
2069
55 terrawatt hours (TWh) annually, every year for 50 years. The same electricity consumption of 9 million Europeans or 40% of Norway’s annual power production, every year for 50 years.
HOW MONEY ARE ALLOCATED TO DIFFERENT TECHNOLOGIES: 36% 28%
HYDRO
6%
BIOENERGY
WIND
1%
GEOTHERMAL
29%
SOLAR PV
RENEWABLE VS COAL AND GAS
1%
EMISSIONS LEVEL
CONCENTRATED SOLAR POWER Investing in renewable power instead of in coal and gas would avoid a level of emissions the scale of stopping 3 years of international air traffic.
FOR MORE INFORMATION, VISIT WWF.NO