‘Green growth’ predicted for 2016

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Researchers think 2016 will be the year that mainland-based businesses and services in Norway will start growing again, with renewable energy ventures finally showing some “hardcore” growth.

Per Espen Stoknes of the Norwegian Business School BI told newspaper Dagsavisen that rates for solar and wind energy may fall and that there will be a “considerable” increase in global investment in the renewable energy sector.

“The oil industry has been the golden calf for the Norwegian economy for a long time,” Stoknes told Dagsavisen. “That’s changing with the lower oil price.” He thinks the rising unemployment rates resulting from oil sector cutbacks, however, will be a passing phenomenon, and that new jobs will be created in other sectors.

“2016 is the year when green growth will become mainstream,” Stoknes said. Norwegian companies that have positioned themselves well in relation to the renewable sector will start doing well, he predicted.

newsinenglish.no staff