Norway aims to be carbon neutral by 2030
Norway has announced it aims to be carbon neutral by 2030, 20 years earlier than its previous goal set last spring. Up to two-thirds of the emissions cuts will be made in Norway itself (though officials aren’t sure precisely how yet). The other third will be offset by about $550 million a year in carbon credits, earned through combating deforestation in developing countries. Some green groups called the deal too vague, but officials characterized it as long-range planning. “The agreement gives Norway a farsighted climate policy that can stand independently of shifting governments,” said Prime Minister Jens Stoltenberg. Norway also committed to a target of reducing its emissions by up to 17 million tons by 2020 and said it would more than quadruple its budget for renewables research next year.