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Sentralbanksjefens advice is naive, dangerous and can be directly harmful

Thursday evening last week held the governor Øystein Olsen its content:. The speech is a kind of "the kingdom's economic condition", a subdued and analytical in tone. Appropriately, has the speech always the same title, so that when you go in on Norges Bank's website is they where all in a row under the same name: "Budget perspectives".

In virtue of his position as head of the central bank, who will work for economic stability, setting the key policy rate, manage foreign exchange reserves and its oil wealth, is the governor careful not to send political signals. The signals that come, is påstemplet the bank's authority and professional competence and are thus listened to. Olsens warning in this year's speech against limiting oil and gassaktiviteten to cut greenhouse gas emissions, nevertheless, has encountered strong criticism. There are good reasons to. Olsens advice based on a weak and one-eyed analysis.

Governor does not believe there is anything that suggests that reduced Norwegian production will reduce emissions globally. As a "classical economist" thinks he's higher price of emissions is medicine and the only sensible solution. To go the other way, would be to "wrap itself up towards the goal," said Olsen in an interview with DN.

the Problem that we are not on the way towards the goal, and time is very scarce. We wrap us in the wrong direction. Emissions increase, despite the fact that they must be halved by 2030. The EU and several others have put in place systems for carbon pricing, but a well-functioning global price on emissions is in no way in sight. The world does not take the medicine Olsen prints, and thus provides his scenario makes little sense. Norway must take more active steps to plan utfasingen of our oil and gas business, also because there is a high probability that the economic value of it will be more insecure in a world that misses the klimamålene.

not such economic pondered grip will Olsen hear to talk about. He will not touch oljeskatten, because it can expedite the utfasingen. It is a strange reasoning. He excludes in the so - completely - that analysis will be able to show that oljeskatten stimulate projects that will not be economically lønnsømme. Olsen's advice is naive, it is dangerous and it can be directly harmful. Both for the planet and for the Norwegian economy.

Gave to the world three years to avoid klimakatastrofe. We are over halfway done, and experts are alarmed
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