Energy in Demand News, February 2, 2025

Who would have guessed? Norway’s coalition government has collapsed because of the EU’s energy efficiency directive, energy performance of buildings directive and renewable energy directive! The Eurosceptic junior coalition partner quit after the Prime Minister pushed to implement the energy directives.  Norway (which is not a member of the European Union) adopts most of the EU’s laws due to its membership in the European Economic Area. The Financial Times (behind a paywall), reports that both coalition parties in recent weeks vowed to oppose the renewal of Norway’s electricity interconnectors with Denmark, sparking concern across Europe of perceived energy nationalism by Norway. Friction between Oslo and Brussels has risen in recent years, with many EU countries believing that Norway should be more generous with its hydropower and should not threaten to stop exporting power via interconnectors to Denmark, the UK and Germany. Well, they did. What happens next will be fascinating.

Discussion at the Davos Conference was full of speculation that the Maga vision of corporate life will struggle, according to an article in the Financial Times (behind a paywall). One great quote by  Andrew Forrest, an Australian billionaire stood out: “Companies that jumped on the anti-ESG bandwagon and said, “Let’s just go full speed ahead, bugger the icebergs,” are in for a shock Forrest said. “You will be like the Titanic because the climate doesn’t care about our politics, and it’s getting worse.”  Forrest is the Australian billionaire determined to turn his Forescue iron ore mining  group into a green industry showcase. Let’s hope he succeeds.

Excellent data on energy efficiency from New England.  A new report by the Acadia Center finds that state-level energy-efficiency programmes provided New England households with $55 billion in benefits from 2012-23, providing $3.40 in benefits for every $1 invested.

In planning travel over the upcoming weeks, here is some useful ideas to help you along:

Franklin D. Roosevelt (1882-1945), the 32nd US President, gives us an important message on progress this week: “The test of our progress is not whether we add more to the abundance of those who have much, it is whether we provide enough for those who have too little.”

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