Norway can have large surplus of power and cheaper electricity because of increased precipitation and higher temperatures due to CO2 emissions. Engineer at IFE, Pernille Seljom, has been one of the researchers in the project that analyzes how climate change may affect Norway's energy system.
Climate change will affect the renewable energy resources, energy and the energy system in Norway in general. IFE has analyzed the effects up to 2050 in collaboration with the Norwegian Meteorological Institute, NVE and Department of Physics at University of Oslo.
According to the results of the research, climate Change will reduce heating demand, increase demand for cooling and the hydropower potential. As a result, the energy costs and electricity prices will reduce. Exports of electrical power will increase and then the domestic investment in new renewable energy production, such as offshore wind and wave power will decrease.
In addition, the electricity consumption is expected to go down in households and in the service sector, and cheaper energy would also boost the use of electric and hydrogen cars.
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