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Norway unveils a comprehensive climate action plan to 2030

12 Jan 2021

The Norwegian government has unveiled a comprehensive climate action plan to 2030. The plan focuses on greenhouse gas (GHG) emissions that are not included in the Emissions Trading System (ETS), including emissions from transport, waste, agriculture, and buildings, and some emissions from industrial production and the oil and gas industry.

Norway, which has signed an agreement with the EU to take part in EU climate legislation in the period 2012–2030, namely the Effort Sharing Regulation for non-ETS emissions, the land-use, land-use change, and forestry (LULUCF) regulation and the EU Emissions Trading System (EU ETS), aims to reduce overall emissions in the non-ETS sector by 40% by 2030. This will be made possible through taxation of GHG emissions, regulatory measures, climate-related requirements in public procurement processes, information on climate-friendly options, financial support for the development of new technology, and initiatives to promote research and innovation. The plan proposes a gradual increase in the carbon tax rate from its current level of about NOK590/tCO2eq (€57/tCO2eq) to NOK2000/tCO2eq (over €193/tCO2eq) in 2030 and is considering CO2 removals and emissions cuts in the LULUCF sector.

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