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OECD: Norway controls carbon dioxide emissions through carbon emission permits

2011-08-23

The Organization for Economic Cooperation and Development (OECD) states that Norway will be able to control its carbon dioxide emissions through carbon emission permits. The OECD says that by 2020, Norway will be able to purchase carbon emission permits on the European market to fulfill its commitment to significantly reduce greenhouse gas emissions.

Norway's total greenhouse gas emissions increased from 49.8 million tons in 1990 to 51.3 million tons in 2009. If emissions were reduced by 20% from 1990 levels, it would mean that by 2020, greenhouse gas emissions would have fallen to approximately 39.8 million tons.

Norwegian officials stated that most greenhouse gas reductions will be achieved through domestic actions. The OECD points out that a Norwegian government study estimates that by 2020, emitting one ton of carbon dioxide would be equivalent to reducing greenhouse gas emissions by 120,000 tons, based on a global exchange rate of €200.

-Reference: PLANET

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