Norwegian Energy Policy in the Changing EU Environment: What Poland Can Learn for Developing Its Shale Gas Industry
Subject(s): Politics / Political Sciences
Published by: Polski Instytut Spraw Międzynarodowych
Summary/Abstract: Globally, many countries have become victims of the resource curse paradox and/or Dutch Disease after discovering and exploring hydrocarbon resources. The Norwegian experience, however, suggests that the impact of petroleum activities on the overall economy may increase over time, and not as a curse, but as a blessing. Due to good resource management, cost savings, and investment, Norway remains a model of sustainable development among resource rich countries, and, so far, a case for retaining strong government participation, control and supervision within the market regulations of the European Union. Although it is impossible to transpose the Norwegian model directly, EU countries that wish to develop an extractive sector, as Poland does, could learn from it, not least in elements such as private-public cooperation in a transparent institutional framework and strengthening of government competence, engagement, and control.
- Issue Year: 2015
- Issue No: 67
- Page Range: 01-08
- Page Count: 8