Norway will double production of bioenergy by 2020 by tapping its vast pine forests and seek to become an exporter of renewable energies to diversify from oil and gas, the government said on Tuesday. "This is alchemy at its best," Oil and Energy Minister Aaslaug Haga said of the plan to turn forests into what she called "green gold." The scheme would also help Norway reach targets for axing greenhouse gas emissions. Norway, the world's number five oil exporter, would double output of bioenergy from wood, other plant material and farm waste to total about 28 terawatt hours (TWh) a year.

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