The Norwegian continental shelf and its production of petroleum and gas resources has contributed substantially to Norway’s economic success, pushing the country to the forefront of oil and gas exportation and counting for a notable proportion of the country’s GDP. Norway currently exports roughly 70% of its oil production to the wider European region (with the combined exportation for oil and gas equating to 50% of the country’s total value of exported goods) and sits in the top 10 countries for crude oil exports by dollar value.
However, Norway also stands out as a leader among nations in its dedication to renewable energy and sustainability. In a recent survey conducted by energy tariff comparison site Utility Bidder, Norway was ranked as the top user of renewable energy, with the vast majority of the country’s energy coming from green sources. For Norway, the primary source of sustainable energy is hydropower plants, and the country has utilised its extensive coastline and steep valleys to generate hydroelectricity since the early 1900s.
