Norway's Oil Wealth

Highly deplorable :( Norway is a wealthy country; https://en.wikipedia.org/wiki/Sovereign_wealth_fund#Largest_...

True, but Norway is an oil nation.

Norway is well-funded by their oil.> if adopted all over the worldNot a chance.

The difference between Norway and most countries with Oil is how Norway manages the proceeds. It has a very long term plan and doesn't allow too much of the money to reside in Norway thereby artificially inflating the economy.

Norway gets most of its wealth from fossil fuel. While it's not Saudi Arabia nor Venezuela, and they invested in long term sustainability, it's not fair to everyone else to say that they are at 80%EV because they are forward thinkers, but because they have the money to do that.

Norway has large oil deposits. They export it and put the money in a sovereign wealth fund and use it to subsidise environmental policies. In essence this is payed by oil that someone else is burning.

Norway seems to have avoided it the past few decades by following the advice Tony Montana didn’t: don’t get high on your own supply. They dampen the effects of easy oil money by putting most of the profits into their sovereign wealth fund and, unlike just about every other oil producing country, taxing fossil fuels even harder than countries like Germany and Denmark (which tax them pretty hard).

Norway has lots of oil. Therefore I don't think "see, it works in Norway" is a good argument. That said, if you can finance it, why not?

that is used for a sovereign wealth fond. Norway produces less oil than the us.

No. Norway is taking an existing economic function with huge negative externalities and using its profits to move toward a sustainable future. Profits that otherwise would not be spent in such a manner. They’re far faster and move with more precision on this topic than nearly every other major O&G producing country.