Economic Research Forum (ERF)

Per Magnus Nysveen

Author

Per Magnus Nysveen
Senior Partner and Head of Analysis, Rystad Energy

Per Magnus Nysveen joined Rystad Energy from its founding in 2004 and is in charge of the analyst team. He has broad experience within upstream valuation, cost modelling and oil macro analyses. He has particular expertise in unconventional activities and is in charge of the North American Shale Analysis. Prior to joining Rystad Energy, Per Magnus had 15 years of international experience within technology, risk management and venture business, primarily from DNV GL and the CNES space center of France. He holds a M.Sc. degree from NTNU Trondheim and IFP Paris, and a MBA from INSEAD Fontainebleau.

Content by this Author

Ukraine invasion: from oil sanctions to accelerating the energy transition

The sanctions placed on Russian oil may give new impetus to the energy transition by encouraging developed economies to find new sources of energy. Current policy has focused largely on supply-side responses to manage this development. This VoxEU column says that demand-side policies may also play a critical role. The authors argue for policies that increase the price elasticity of oil demand, such as incentives for individuals to switch to electric vehicles through subsidies. Nonetheless, they emphasise that the distributional effects of policies, including carbon pricing, are politically important and cannot be ignored.

A looming oil price super cycle will likely be the last

A new oil price super cycle, an extended period during which prices exceed their long-term trend, seems to be in the making. This column, originally published in the Summer 2021 issue of Finance and Development, explores why it could be the last of its kind – and the challenging implications for oil-dependent economies and their neighbours.

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Private capital and financial innovation in Egypt’s clean energy transition

The Benban Solar Park, Africa’s biggest photovoltaic power station, demonstrates Egypt’s ability to attract foreign investment, implement complex infrastructure projects and align its energy goals with environmental sustainability. As this column explains, the next stage of the country’s clean energy transition requires a diversified financial ecosystem, together with committed and well-coordinated policy support.

The rising threat of water and food insecurity in MENA

The Middle East and North Africa is rapidly becoming the global epicentre of water and food insecurity. Drawing on regional evidence and global comparisons, this column identifies urgent priorities and offers policy strategies to strengthen resilience in this particularly climate-stressed part of the world before the crisis deepens further. The tools exist: what is needed is the political will and coordinated action to use them.

Sanctions and the shrinking size of Iran’s middle class

International sanctions imposed on Iran from 2012 have reduced the size of the country’s middle class, according to new research summarised in this column. The findings highlight the profound social consequences of economic pressure, not least given the crucial role of that segment of society for national innovation, growth and stability. The study underscores the need for policies to safeguard the civilian population in countries targeted by sanctions.

Artificial intelligence and the renewable energy transition in MENA

Artificial intelligence has the potential to bridge the gap between abundant natural resources and the pressing need for reliable, sustainable power in the Middle East and North Africa. This column outlines the constraints and proposes policies that can address the challenges of variability of renewable resources and stress on power grids, and support the transformation of ‘sunlight’ to ‘smart power’.

Green jobs for MENA in the age of AI: crafting a sustainable labour market

Arab economies face a dual transformation: the decarbonisation imperative driven by climate change; and the rapid digitalisation brought by artificial intelligence. This column argues that by strategically managing the green-AI nexus, policy-makers in the region can position their countries not merely as followers adapting to global mandates but as leaders in sustainable innovation.

MENA integration into global value chains and sustainable development

Despite the geopolitical advantages, abundant natural resources and young populations of many countries in the Middle East and North Africa, they remain on the periphery of global value chains, the international networks of production and service activities that now dominate the world economy. This column explains the positive impact of integration into GVCs on exports and employment; its role in technology transfer and capacity upgrading; and the structural barriers that constrain the region’s involvement. Greater GVC participation can help to deliver structural transformation and sustainable development.

Egypt’s forgotten democratisation: a challenge to modern myths about MENA

A widely held narrative asserts that countries in the Middle East are inevitably authoritarian. This column reports new research that tracks Egyptian parliamentarians since 1824 to reveal that the region’s struggle with democracy is not in fact about cultural incompatibility: it’s about colonialism disrupting home-grown democratic movements and elite conflicts being resolved through disenfranchisement rather than power-sharing.




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