While former Prime Minister Jens Stoltenberg steered Norway according to the logic of economics, today’s politicians seem to lack a basic understanding of markets. The result is a policy that amplifies energy scarcity and drives up energy prices – without policymakers recognizing this unintended consequence.
Norway’s wealth and prosperity over the last four decades has been built on oil, but Jeremy Rifkin, a futurist and social and economic thinker, says it’s time for the country to change. The Third Industrial Revolution is coming, and Norway needs to abandon fossil fuels and move towards a greener future that relies on renewable energy, shared transport and ultra-efficient housing.
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