Climate change in the Polar Regions

   Greenhouse gas emissions from international shipping and aviation are currently not regulated. Emissions from these sectors have reached a level of approximately 1,35 billion tonnes CO2, showing an increase of around 50% since 1997. Projections show continued high growth in these emissions if further measures are not introduced. In an effective global response to climate change, al...

  In an emission trading system auctioning of emission allowances is a possible source of revenue. Norway has proposed that a certain amount of these allowances issued under the Copenhagen Agreement should be auctioned at the international level to generate new additional funds for climate change actions. The value of allowances is determined by the amount of allowances (allowed overall em...

  Norwegian climate policy is based on the goal of limiting the average rise in global temperature to no more than 2°C above the pre-industrial level. During the first commitment period under the Kyoto Protocol (2008–2012), the Government will: • strengthen Norway’s Kyoto commitment by 10 percentage points, corresponding to nine per cent below the 1990 level. • ensure that a subs...

By reducing its own greenhouse gas emissions and offsetting the remaining by purchasing emission reductions world-wide, Norway now aims at becoming carbon neutral by 2030. Norway intends to make full use of the carbon markets to secure effective and affordable reductions in greenhouse gas emissions, and contribute to the development of this market.