Norway signs up to greenhouse gas targets

Oil-rich Norway says it will cut greenhouse gas emissions by at least 40 per cent by 2030 as it comes into line with European Union targets.

Norway has announced plans to cut greenhouse gas emissions by at least 40 per cent by 2030 as the oil-rich country aligns itself with targets set by the European Union.

"Norway should become a low-emission society," conservative Prime Minister Erna Solberg told reporters on Wednesday.

In addition to slashing emissions, the Nordic country - which is not an EU member - intends to join forces and coordinate climate policies with the bloc ahead of global talks hosted by the United Nations in December.

Details of the new approach were not disclosed but Norway will reduce emissions through a mix of domestic cuts and by purchasing emissions credits on the European carbon-trading market.

Half of Norwegian emissions already fall under the current European quota system while reductions in sectors that do not - such as agriculture and transport - will have to be agreed with Brussels, the government said.

The Scandinavian country - whose riches come from oil exploration in the North Sea - will give up emissions trading with developing countries outside of Europe. Critics say it is a cheap but ineffective way of mitigating climate change.

Norway said it would continue to help those countries' climate efforts through development aid, funding for the preservation of tropical forests and contributions to the UN's Green Climate Fund.


Share

2 min read

Published

Updated



Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world