Norway investing in renewables, selling off stakes in oil/gas with no r.e.divisions

[butters]

Norway’s giant wealth fund dives into renewable energy
Norway is to raid its €900 billion sovereign wealth fund to ramp up investment in wind and solar power projects. The intention is to double its existing commitment and spend more than €12.5 billion on schemes developing the clean energy needed to combat climate change.

The government’s sovereign wealth fund—the world’s largest—has announced it is selling its stake in 134 oil and gas companies that don’t have renewable energy divisions. And it says it will for the first time inject finance into renewable energy projects that are not listed on stock markets.

The news was hailed as a “historic breakthrough” by Per Kristian Sbertoli of Norwegian climate thinktank Zero. Sverre Thornes, CEO of Norwegian pension fund KLP, said: “Clean energy is what will move us away from the dangerous and devastating pathway we are currently on.”

https://www.readersdigest.ca/culture/good-news-stories-world/

 

[Hal9000_]

Smart people...they realize the oil and gas fields won't last forever.

 

[butters]

everything helps

Luxembourg intends to become the first country in the world to scrap fares on all public transport, in a move aimed at alleviating its chronically bad traffic congestion. Luxembourg City has 110,000 inhabitants, but a further 400,000 people commute into the city to work. The initiative is set to take effect in March 2020.

https://www.readersdigest.ca/culture/good-news-stories-world/

 

[butters]

from the same site

Points mean prizes
An anti-pollution initiative in the Italian city of Bologna is rewarding people who get out of their car and cycle or take public transport instead.

Participants use an app on their phone to log sustainable trips, earning points they can redeem against the likes of beer, ice cream and cinema tickets. The app shows users how much CO2 they’ve saved after each journey.

The Bella Mossa (Good Job) scheme is the idea of urban planner Marco Amodori. “Everybody will have the chance to get some discount for their good behaviour,” he says. Amodori has persuaded more than 100 businesses to sign up to give away discount vouchers, and some 10,000 people used the app last year.

free ice cream, beer and cinema tickets?

 

[butters]

Norway to fly electric planes
Two years ago Norway saw the launch of the world’s first electric ferry, and now it has its sights set on the skies, as companies and regulators look towards a future of battery-powered air travel.

According to Dag Falk-Petersen, head of airport operator Avinor, by 2040 all of Norway’s short-haul flights will be electric. “When we have reached our goal, air travel will no longer be a problem for the climate,” he says.

Avinor is set to buy its first electric plane this summer, and plans to launch a tender offer to test a commercial route with a 19-seat electric plane from 2025.

Last year European aerospace company Airbus announced plans to develop a hybrid-electric airliner, with a demonstration model scheduled for completion by 2020. And low-cost airline easyJet has announced that it is working on plans for all-electric short-haul planes, to be launched within a decade.

norway's rockin' it!

 

[Not Normal]

I wonder what its like to live in a forward thinking nation.

 

[Hal9000_]

I wonder what its like to live in a forward thinking nation.

Why? If you are in the USA you live in both.

And everything in between.

 

[Biggs_Darklighter]

I'm not getting in an electric plane. Nope.

 

[colddiesel]

norway's rockin' it!

But they still want to kill whales.

 

[bellisarius]

https://www.readersdigest.ca/culture/good-news-stories-world/

The fact is that that "investment" is but 1.3% of their sovereign fund and wouldn't be note worthy other than the fact that 12.5 billion Krone (1.42 billion US) is still a lot of money.

 

[notfeasance]

Readers Digest!



Ahahahahaha!

 

[thør]

I wonder what its like to live in a forward thinking nation.

It's expensive.

 

[butters]

I wonder what its like to live in a forward thinking nation.

there must be some examples of american-led innovation. perhaps i can find some later

britain has many faults, no denying it, but there are times living here i feel like i've stepped back in time. i expect people from scandinavia feel that way at times when spending time in the u.k

 

[butters]

It's expensive.

during any period of changeover (in terms of power sources) it's gonna be more expensive. prices fall as the new energy forms become the norm.

as for expensive, the cost of sickness (let alone health) care is hugely inflated when compared to most of the developed world, and yet the ranking for health care is bad.

The United States life expectancy is 78.6 years at birth, up from 75.2 years in 1990; this ranks 42nd among 224 nations, and 22nd out of the 35 industrialized OECD countries, down from 20th in 1990.[8][9] In 2016 and 2017 life expectancy in the U.S. dropped for the first time since 1993.[10] Of 17 high-income countries studied by the National Institutes of Health, the United States in 2013 had the highest or near-highest prevalence of obesity, car accidents, infant mortality, heart and lung disease, sexually transmitted infections, adolescent pregnancies, injuries, and homicides.

A 2014 survey of the healthcare systems of 11 developed countries found that the US healthcare system to be the most expensive and worst-performing in terms of health access, efficiency, and equity.[12]

 

[butters]

europe's producing so much green energy now it's used up the 'slack' in the existing grid systems and it has to be expanded in order to prevent a bottle neck.

BRUSSELS, Nov 16 (Reuters) - Europe's electricity grids cannot keep up with the continent's rapid expansion of renewable energy, and are becoming the main bottleneck to getting more clean energy into the network, the continent's power lobby has warned.

Power grids are built to handle some more capacity than is immediately needed - creating a slack in the system that has so far allowed them to absorb Europe's rapid expansion of clean energy production.

The European Commission is drafting plans, due to be published this month, to attempt to drive more grid investments.

At the same time, companies are racing to retool networks to move power in different directions, as an expanding fleet of rooftop solar panels feed power back into the grid from consumers' own homes.

c'mon, europe, you can do it... lead the way. necessity's the mother of invention, right?

https://www.msn.com/en-us/money/mar...&cvid=cdb4dfa1b5dd406fa006dcfd8b7f414a&ei=206

 

[butters]

any mod wanna shift this thread over to the Politics and current events board?