“Despite the government strengthening the climate policy for next year in a number of areas, updated methods and emission projections show that it will be difficult to reach the emission budgets until 2030 with national emission cuts alone,” says a press release from the Ministry of Climate and Environment. “This means that the government plans to use somewhat flexible mechanisms, i.e. buy quotas from other EU countries or use a certain amount of quotas that have been withheld from the EU’s quota system, in order to fulfill the obligation.” Climate quotas, explained very simply, mean that Norway can pay other countries to take part of our emission cuts. The government has long had ambitious goals to make major emission cuts at home, within Norway’s borders. The Hurdal platform states that the plan is to: “Cut Norwegian emissions by 55 percent by 2030 compared to 1990, as a milestone on the way to net zero emissions in 2050. The emissions target applies to the entire economy, including the sector subject to quotas.” SV not impressed The government must have SV on board to get its state budget through, as the government does not have a majority on its own. SV leader Kirsti Bergstø is not satisfied with what the government is putting forward. – With this budget proposal, Norway is further away from reaching the climate targets than a year ago. It’s almost unbelievable, with heat records and extreme weather, she says. Introducing a carbon tariff The government is also in favor of introducing the EU’s carbon tariff, with the name Carbon Border Adjustment Mechanism (CBAM). The aim of CBAM is to avoid carbon leakage and help stimulate other countries to reduce their emissions. – There are still a number of clarifications between the EFTA countries and the EU, and it is therefore too early to say when the regulation can be implemented, says Finance Minister Trygve Slagsvold Vedum (Sp). Published 07.10.2024, at 10.19 Updated 07.10.2024, at 10.41
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The government says it will be difficult to reach climate targets
