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Fornybar Norge (Renewables Norway)

Renewables Norway is an association representing Norwegian energy companies across the entire electricity value chain.

Lobbying Activity

Meeting with Thomas Pellerin-Carlin (Member of the European Parliament)

17 Dec 2025 · Grid Package & Industrial Accelerator Act

Meeting with Anna Stürgkh (Member of the European Parliament)

16 Dec 2025 · Grids Package

Renewables Norway seeks simpler taxonomy rules for hydropower

5 Dec 2025
Topic — This consultation reviews the EU taxonomy environmental delegated act to update screening criteria.
Message — The organization requests clarifying criteria so hydropower is taxonomy aligned when meeting all water directive obligations. They propose simplifying requirements to a single reference to the Water Framework Directive. This includes allowing the use of less stringent environmental objectives where justified.12
Why — This would reduce administrative burdens and ensure the taxonomy supports investments in hydropower.3
Impact — Environmental groups might see these changes as weakening currently strict water protection standards.4
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Meeting with Bruno Tobback (Member of the European Parliament) and Offshore Norge

4 Nov 2025 · Breakfast Discussion on Offshore Wind

Meeting with Katri Kulmuni (Member of the European Parliament)

24 Sept 2025 · Pohjoismaalaisen energiateollisuuden ajankohtaiset asiat

Renewables Norway backs 90% emission reduction target for 2040

16 Sept 2025
Topic — Amending the European Climate Law to establish a 2040 climate target.
Message — The organization supports a 90% reduction target while prioritizing electrification and market-based carbon pricing. They request separate targets for industrial and natural carbon removals and equal regulatory treatment for hydropower.123
Why — This would improve investment security for their members and ensure hydropower is treated favorably.45
Impact — Fossil fuel companies and those relying on cheap international carbon offsets face higher hurdles.67
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Meeting with Jörgen Warborn (Member of the European Parliament)

26 May 2025 · Energy

Meeting with Bruno Tobback (Member of the European Parliament)

6 May 2025 · The value chain behind the production, distribution and trade of Green Energy in Europe

Meeting with Tomas Tobé (Member of the European Parliament)

6 May 2025 · Energy Policy

Renewables Norway Urges Technology-Neutral Taxonomy Criteria

26 Mar 2025
Topic — Amendments to the EU Taxonomy Delegated Acts aim to simplify corporate sustainability reporting.
Message — The Commission should ensure technical screening criteria respect the principle of technological neutrality. They suggest introducing the same threshold across renewable technologies to avoid disincentivizing hydropower. Definitions should unambiguously refer to existing legislation like the Water Framework Directive.123
Why — This would have great potential for simplifying processes for hydropower operators.4
Impact — Wind power operators lose their current advantage of facing less substantial screening criteria.5
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Meeting with Aleksandra Baranska (Cabinet of Executive Vice-President Teresa Ribera Rodríguez), Terhi Lehtonen (Cabinet of Executive Vice-President Teresa Ribera Rodríguez), Thomas Woolfson (Cabinet of Executive Vice-President Teresa Ribera Rodríguez) and

4 Mar 2025 · To hear interest representatives’ view on the Clean Industrial Deal and Affordable Energy Action Plan.

Response to Implementing Act on non-price criteria in renewable energy auctions

21 Feb 2025

Our more detailed feedback is in attachement. In general our view is: Auction design needs to be pragmatic and take into account and balance cost-efficiency with the need to develop green European value chains and ensure a level playing field for European suppliers. In addition, threats from non-democratic countries illustrate the need to ensure appropriate levels of cyber and data security, as well as not making Europes energy production dependent on the continued support from such regimes. In short, a strong European supply chain is in the interest of producers, utilities and project developers, not only because it contributes towards a positive public opinion, but also because substituting a dependence on Russian natural gas with a dependence on foreign suppliers could in the long-term be a costly alternative. Sustainability and responsible business conduct is part of the DNA of the renewables sector and appropriate auction design can help underpin the sectors ambitions and increase its long-term competitiveness. However, auction design needs to be transparent, practicable and as harmonized for each technology as possible the value chains (and level of import dependency in particular) for the technologies differ significantly. If auction designs are not sufficiently harmonized across countries suppliers will struggle to cope, and competition and cost-efficiency will suffer. There is a real danger that suppliers and developers could be facing a complex and potentially cost-increasing patchwork of designs across Europe. In addition to sound regulation, efforts should be made to establish best practices across nations. Technologies differ in terms of maturity, sustainability challenges as well as supply chain. It is of paramount importance that auction design requirements allow for and encourage a technology specific approach. In particular solar, onshore wind, bottom-fixed offshore wind and floating offshore wind should be distinguished. Undue distortions to the market should be avoided.
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Meeting with Bruno Tobback (Member of the European Parliament)

17 Jan 2025 · Training on the Electricity Market

Meeting with Łukasz Kohut (Member of the European Parliament)

12 Dec 2024 · Production, distribution and trading of electricity in Norway

Meeting with Stefan Köhler (Member of the European Parliament) and Bioenergy Europe

10 Dec 2024 · Politischer Austausch

Meeting with Morten Løkkegaard (Member of the European Parliament)

15 Nov 2024 · Nordic cooperation on energy topics and the upcoming EU legislative agenda

Meeting with Jan Farský (Member of the European Parliament)

19 Sept 2024 · EU-Norway cooperation in the context of energy security

Meeting with Rasmus Nordqvist (Member of the European Parliament)

18 Sept 2024 · En prat om Fornybar Norge og Nordisk energisamarbeid

Meeting with Radan Kanev (Member of the European Parliament)

18 Sept 2024 · Climate and energy related issues

Meeting with Bruno Tobback (Member of the European Parliament)

17 Sept 2024 · Energy grids, sustainable energy transition and offshore power

Renewables Norway Urges Non-Price Criteria for Floating Wind Auctions

1 Mar 2024
Topic — Commission guidance on qualitative criteria for designing renewable energy auctions.
Message — They want auctions to prioritize quality, sustainability, and technical innovation rather than just price. They also request special auction formats to help new floating wind technology become affordable.12
Why — The proposed model reduces development risks and lowers costs for floating wind projects.3
Impact — Governments face higher financial burdens if high project uncertainties are not mitigated.4
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Meeting with Niels Fuglsang (Member of the European Parliament)

6 Sept 2023 · Klima, energi og industri

Renewables Norway Urges Binding Targets for Technical Carbon Removals

31 Aug 2023
Topic — The consultation examines policies for deploying carbon capture, transport, and storage infrastructure.
Message — Renewables Norway advocates for separate, binding EU targets for technical carbon removals. They request that waste-to-energy plants be classified as hard-to-abate sectors. Removals must supplement rather than replace fossil fuel phase-out efforts.123
Why — Specific targets would drive investment into members' carbon capture and bioenergy projects.45
Impact — Fossil fuel producers lose the ability to use removals to delay decarbonization.6
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Response to Report on the implementation of Article 5 of the Renewable Energy Directive

28 Aug 2023

Renewables Norway organizes the renewables sector in Norway. We have members from the whole value chain, including utilities, developers, suppliers, investors and grid owners. Renewables Norway is the result of a merger of Energy Norway and Norwea the Norwegian Wind Energy Association. Renewables Norway is a member of Eurelectric and Wind Europe. Cooperation between countries on renewable energy is of critical importance in order to combat climate change, ensure sufficient security of supply, reduce import dependence and reach energy union objectives. This is especially true for offshore wind which requires systematic coordination and cooperation around the North Sea and other sea basins. Cross-border support schemes could, provided they are cost-efficient and do distort market function play an important role in energy cooperation, and should continue to be facilitated by the renewables policy framework. However, a mandatory opening of support schemes could reduce the legitimacy and public support for the schemes and the energy transition as a whole. It would also seem to be a step in the direction of reducing national control in a non-proportionate manner. We therefore recommend that opening of support schemes should remain voluntary.
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Renewables Norway Urges Strategic Status for Hydropower

27 Jun 2023
Topic — The EU is consulting on the Net Zero Industry Act to strengthen green industrial manufacturing.
Message — The group argues that hydropower must be defined as a Strategic Net-Zero Technology for priority status. They also demand that Norwegian and EU industrial value chains be treated as equals.12
Why — Norwegian energy companies would secure equal market access and competitive standing in European auctions.3
Impact — Global technology providers lose market share as the EU prioritizes European and Norwegian supply chains.4
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Response to Regulation on REPowerEU chapters

7 Jul 2022

Electrification and the transition to renewable energy sources combine emission reductions and energy efficiency. Energy Norway supports the proposal to raise the renewable target for 2030 to 45% in the Renewable Energy Directive. The transition to green energy should be driven by the 55% emission reductions target and the ETS mechanism. We support increased ambitions for energy efficiency, but we do not advocate for specific efficiency targets. All renewable power should be treated equally in the power grid on a technology neutral basis. Generally, the building regulations should be technology neutral, but we do support the solar rooftop initiative on marked based principles. Coincidental peak production from PV challenges the power grid at distribution level, so digitalisation and storage technologies must be included for optimal utilisation of the production and grid capacity. Tax exemptions and reduced tariffs for self-consumption represent redistribution of grid tariffs. Care should be taken not discriminating customers who cannot become prosumers. Energy system integration and combining energy carriers are necessary to meet increased energy demand. Energy flexible solutions and increased use of heat pumps, solar thermal, district heating, and excess heat from all relevant sources in the building sector, may free up electricity for further electrification and provide better use of capacity in the electricity grid. We strongly support initiatives speeding up renewable energy production, such as simplified, shortened permitting with clear deadlines, as well as transparency and digitally available data sets. However, we stress the importance of limiting conflicts to ensure both short and long term local and public acceptance. Local empowered involvement throughout the entire process is key to ensure this. Replacing project-specific environmental assessments with general environmental ones raises concerns. Local acceptance requires reflection of local concerns. "Go-to" areas on land are controversial and can spur local discontent escalating to public opposition, as seen from the Norwegian "go-to" areas for land-based wind power, launched in 2019. Although based on a public comprehensive compilation of relevant data, Norwegian "go-to areas" were retracted half a year later due to public opposition. Project-specific assessments are more factually relatable for local involvement. Also, "go-to areas" are a less suitable tool for managing sum effects of activities within and across areas. The definitions and framework for renewable hydrogen in the two delegated acts must not be designed too strictly, and at the same time leave no room for doubt for the difference between green and grey hydrogen. We would like to repeat our previous key messages concerning the Delegated Act on Additionality: • We welcome article 4.1 as an exemption from the more detailed rules in 4.2. We still would like some more clarification concerning the calculation of the renewable electricity proportion. • The strict rules under article 4.2. could hamper the rollout of green hydrogen in Europe. • The role of the Guarantees of Origin needs to be communicated more explicitly throughout the Delegated Act. • Energy Norway would also support to postpone the transitional phase to 31.12.2029 Member States should design, schedule and implement support schemes – and Guarantees of Origin – in such a way that they are compatible with, complement and enable corporate purchase agreements of renewable energy. We support the strengthening of renewable PPAs and the Guarantees of Origin system. It is important that Member States do not introduce regulation that restricts the freedom of contract, for example by imposing the use of standardised contracts. Transnational cooperation is vital. We stress the importance that PCIs linked to offshore wind remain highly prioritised, while still investing in the limited additional gas infrastructure.
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Response to Review of Directive 2012/27/EU on energy efficiency

19 Nov 2021

Dear Commission, Please find Energy Norway's feedback on the revised EED proposal attached. Energy Norway is an association that represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting and trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100 percent renewable and emission-free. 95 percent of the power production stems from the 1600 hydropower plants, and 3.5 percent is generated from wind power.
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Response to Revision of the Renewable Energy Directive (EU) 2018/2001

18 Nov 2021

Dear Commission, Please find Energy Norway's feedback on the proposal attached. Energy Norway is an association that represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting and trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100 percent renewable and emission-free. 95 percent of the power production stems from the 1600 hydropower plants, and 3.5 percent is generated from wind power.
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Response to Carbon Border Adjustment Mechanism

3 Nov 2021

Dear Commission, Please find Energy Norway's feedback on the CBAM proposal attached. Energy Norway is an association that represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting and trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100 percent renewable and emission-free. 95 percent of the power production stems from the 1600 hydropower plants, and 3.5 percent is generated from wind power.
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Response to Updating Member State emissions reduction targets (Effort Sharing Regulation) in line with the 2030 climate target plan

3 Nov 2021

Dear Commission, Please find Energy Norway's feedback on the ESR proposal attached. Energy Norway is an association that represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting and trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100 percent renewable and emission-free. 95 percent of the power production stems from the 1600 hydropower plants, and 3.5 percent is generated from wind power.
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Response to Updating the EU Emissions Trading System

3 Nov 2021

Dear Commission, Please find Energy Norway's feedback on the EU ETS proposal attached. Energy Norway is an association that represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting and trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100 percent renewable and emission-free. 95 percent of the power production stems from the 1600 hydropower plants, and 3.5 percent is generated from wind power.
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Response to Climate change mitigation and adaptation taxonomy

14 Dec 2020

Energy Norway represents the whole electricity chain in Norway, i.e. the companies producing, transporting, supplying or trading electricity. Our members produce 130-140 TWh annually, which is around 95 % of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 % of Norway's grid customers. Norwegian power production is almost 100% renewable and emission-free. 95 % of the power production stems from around 1600 hydropower plants, and 3.5 % is generated from wind power. We would like to thank the Commission for the opportunity to provide feedback to this consultation. Please find Energy Norway's consultation feedback attached.
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Response to Revision of the Energy and Environmental Aid Guidelines (EEAG)

10 Dec 2020

Energy Norway represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting, supplying or trading electricity. Our members produce 130-140 TWh annually, which is around 95 % of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 % of Norway's grid customers. Norwegian power production is almost 100% renewable and emission-free. 95 % of the power production stems from the 1600 hydropower plants, and 3,5 % is generated from wind power. Energy Norway wish to thank the Commission for this consultation for the revised guidelines on state aid for environmental protection and energy. Please find our consultation response attached.
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Response to Updating Member State emissions reduction targets (Effort Sharing Regulation) in line with the 2030 climate target plan

25 Nov 2020

Energy Norway would like to thank the Commission for the opportunity to provide feedback on the roadmap inception impact assessment for the EU Emissions Trading System (Directive 2003/87/EC). Energy Norway represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting, or trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100% renewable and emission-free. 95 percent of the power production stems from 1600 hydropower plants and 3,5 percent is generated from wind power. Please find Energy Norway's response attached.
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Response to Updating the EU Emissions Trading System

25 Nov 2020

Energy Norway represents the whole electricity chain in Norway. In other words, our members include companies producing, transporting, or trading electricity. Our members produce 130-140 TWh annually, which is around 95 percent of all power production in Norway. Our members have approximately 2.5 million grid customers, which is about 90 percent of Norway's grid customers. Norwegian power production is almost 100% renewable and emission-free. 95 percent of the power production stems from 1600 hydropower plants and 3,5 percent is generated from wind power. Please find Energy Norway's response to the road map consultation attached.
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Response to Revision of the Renewable Energy Directive (EU) 2018/2001

21 Sept 2020

Energy Norway is a non-profit industry organization representing about 270 companies involved in the production, distribution and trading of electricity in Norway. Energy Norway's members vision are an all renewable, all-electric decarbonized society. We believe early action with the use of market design and instruments, is key to achieving this decarbonization at the fastest rate and lowest cost. Energy Norway welcomes the initiative from the Commission to review the Renewable Energy Directive (2018/2001/EU), for faster and more efficient integration of renewable energy. Moreover, Energy Norway supports the Commission's recently updated climate goals set to 55 percentage. Please find our full detailed response attached in pdf format:
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Response to Union renewable Financing mechanism

3 Jun 2020

Energy Norway would like to thank the European Commission for the opportunity to express our views on this subject. Energy Norway is a non-profit industry organization representing about 300 companies involved in the production, distribution and trading of renewable electricity in Norway. We would like to underline and support the voluntary aspect of this financing mechanism. We also take the opportunity to draw your attention to a proposal on how Europe voluntarily can open up support to renewable energy across national borders developed by Frontier Economics on behalf of Energy Norway. Please see the proposal attached.
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Response to Climate change mitigation and adaptation taxonomy

27 Apr 2020

Energy Norway would like to take this opportunity to support Statkraft's message. This first delegated act concerning climate change mitigation and adaption has extensive consequences for the perception of renewable technologies. Hydropower stands as a unique renewable electricity generating technology with its multifunctional contributions and level of flexibility. The following key issues underline the barriers posed by the TEG report hindering hydropower from contributing with its full potential to climate change mitigation and adaption. Creating an unequal level playing field The criteria put forth to assess climate change mitigation are not technology neutral for renewable energy sources. Only hydropower faces specific criteria regarding land use and life cycle assessments. Obliviating the only renewable storage option of electricity Hydropower is the only large-scale renewable generating option to offer storage of energy (in form of water in reservoirs) which can be transformed into electricity instantaneously. Hydropower storage – in line with other storage technologies - should therefore be automatically eligible under the Taxonomy without any further requirements. Recognizing hydropower as an enabling activity Hydropower plants with reservoirs are enabling adaptation, by being actively used to mitigate floods and droughts, limit damage to assets and economic activities and indirectly enable more intermittent renewable power. We suggest recognizing hydropower as an “Enabling activity” in the technical screening criterias. We strongly object to categorising hydropower as “Transitional activity” as this disregards hydropower’s unique capabilities to provide large-scale and renewable flexibility to power systems. Narrow approach to sustainability While the UN definition of sustainability balances economic, social and environmental perspectives, the proposed approach solely focusses on the environmental dimensions, thus neglecting other important multi-purpose contributions of hydropower to sustainability. Compromising the subsidiarity principle Hydropower is site-specific, adapted to local needs and conditions in a water body. The sustainability of each hydropower plant is assessed through national licensing processes considering regional and local particularities in the context of each member state. Additional criteria at EU level may increase the administrative burden in financing hydropower and lead to a loss of flexible clean energy. Size is not a guarantee for sustainability Possible adverse effects of hydropower are always plant and site specific, and size has never been an appropriate criterion to judge whether a hydropower project is sustainable or not. The recommendation to avoid construction of small hydropower under 10 MW should therefore be abated. Major remaining methodological uncertainties The Taxonomy lacks specifications of how to calculate the power density factor and how to handle challenges related to life-cycle assessments. We therefore suggest including more detailed instructions on how to measure power density, hydropower’s carbon footprint and to verify that this is relevant for hydropower in different European countries: • Power density factor The power density must acknowledge the NET effect of carbon emissions by deducting the natural carbon emissions prior to impoundment (as also pointed out by the IPCC). The calculation must be applicable for different hydropower schemes, such as: o multiple reservoirs o cascading hydropower plants o multipurpose reservoirs (irrigation, floods, drinking water, navigation, recreation) o modernization without changes to the reservoir • Life-cycle assessments Further clarification is needed on how to document consecutive reduction of GHG emissions and how to allocate GHG emissions originating from different human activities in multipurpose reservoirs such as carbon inflow from agriculture or sewage.
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Response to 2030 Climate Target Plan

15 Apr 2020

Energy Norway supports an increased climate target to 55% for 2030. Energy Norway's members vision are an All renewable, all electric society. Early action is key to achieving the goals at the lowest cost possible. Statkraft, Europe's largest renewable energy producer, estimates that If we aim for 1.5 degrees, the energy system costs will be well below 1 % of European GDP in 2050. Globally, several experts have estimated the cost of a 2 to 3 degrees warming by 2100 to be between 5 and 10 % of global GDP . It therefore cheaper to act, than not to act. To that end Energy Norway would like to underline: • We support what the European Commission established in 2018: Electricity is the main solution for primary energy use towards 2050 . • The main focus during this decade is to ensure wide-spread electrification into new sectors o Social aspects of this transition is key. We are confident that it will be cheaper to swap to electricity for industry and households; We have studied extensively the effects of large-scale electrification. We foresee 30 % lower energy cost per household by 2040 in Norway in an all-electric Norway. (Electrification study 2019, DNV GL) The Commission must consider the following: • We ask for an EU strategy to tackle the barriers to electrification. Estimates by the European Commission show a doubling of electricity use by 2050. We see there is a lack of coherency towards electrification and many barriers remain to achieve this single most important effort to reach the climate target. The final customer must be in focus. For instance; Competition for the customer must be ensured such as charging for electric vehicles. Standardisation must ensure level playing field for competition for the customer. Energy Norway will return with specific input to this strategy. • We ask for markets to deliver the electricity and electrification. The electricity market must deliver on a level playing field. The updated electricity market regulations are recently decided or are being implemented across Europe. The implementation must be complete before revisiting these regulations are revisited. • The most cost-efficient way to deliver reduced emissions from electricity production is from a well-functioning EU ETS. Marginal abatement costs must be considered when including new sectors. These vary considerably between electricity, industry and transport. If marginal abatement costs are far away from a realistic ETS price, we question the value. As large sectors will be electrified and therefore be indirectly included in EU ETS, one must consider carefully the effects of directly including them in the ETS system. Energy Norway is currently studying these consequences and will provide updated information in the coming months. Enclosed you will find our full response to the inception impact assessment.
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Meeting with Aleksandra Tomczak (Cabinet of Executive Vice-President Frans Timmermans) and Finnish Energy - Energiateollisuus ry and

4 Mar 2020 · Green Deal priorities

Response to Climate Law

6 Feb 2020

Energy Norway supports the European ambition for climate-neutrality in the EU by 2050. The global climate agreement from December 2015, sets out a clear obligation to keep global temperature rise well below 2 degrees Celsius and to pursue efforts to 1.5 degrees. For Europe to lead on this ambition, a net-zero carbon EU by 2050 must be pursued. This will require significant efforts in both the energy sector, industry, buildings, transport and regarding land use and land use change. In the interest of cost-efficient decarbonisation, focus should be on early actions. As such Energy Norway also supports an increased ambition towards a 55% target GHG reductions by 2030 in order to be in line with the Paris Agreement. Develop a European electrification strategy Substantial electrification will be of key importance to reach climate-neutrality. In the Commission’s 2050 analysis it is stated that: “This analysis shows that the most important single driver for a decarbonised energy system is the growing role of electricity, both in final energy demand and in the supply of alternative fuels, …” Electrification will be a key enabler for decarbonisation in many sectors, notably in transport, heating and cooling as well as industrial processes. Electrification should be based on carbon neutral energy sources. As electrification will be a key component in decarbonisation, investments in clean energy, grids and demand side solutions to ensure more use of electricity will be needed. An overall strategy to address these issues at European level should be developed. The strategy should assess barriers to wide-scale electrification and provide suggestions to remove these. Electricity market design needed to provide price signals The climate transition will require significant investments over the next decades. Well-functioning, fully integrated energy markets are needed to provide strong short and long-term price signals. Member States should implement the Clean Energy Package in proper time, and the enforcement of these rules by national regulators and the European Commission is of high importance. Further strengthening of the EU ETS This new climate push will give the EU Emissions Trading Scheme (EU ETS) an even more central role. Although, no silver bullet will deliver an ambitious 2050 strategy, the EU ETS remains the main climate policy instrument. The EU ETS should be the main tool for ensuring cost-effective and flexible emission reductions in the industry and energy sectors. It is harmonized across the EU and works well together with the internal energy market. Recent increases in the allowance price, which to a large extent can be referred to the ambitious line of the European Parliament in recent ETS negotiations, are laudable. However, the European Commission should regularly monitor the effect of the EU ETS and if necessary, take measures to strengthen the system in order for ETS to have the guiding effect as intended. The alternative to EU ETS is a patch work of national policies which would be much less cost-efficient. Energy Norway represents the renewable energy industry in Norway, i.e. companies producing, transporting or trading renewable energy. Our members produce 130-140 TWh annually, which is some 99 per cent of all power production in Norway. Energy Norway's vision is that Norway should take a leading role as the first renewable and all-electric society in the world. Our unique renewable energy resources give Norway a good point of departure on the path towards an emission free society, including green growth and new jobs in other industries.
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