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Norway to double carbon tax on oil industry, use money to help world

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Filed: Country: Philippines
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Here's something that could only happen in Scandinavia.The Guardian reports:

Norway is to double carbon tax on its North Sea oil industry and set up a £1bn [$1.6 billion] fund to help combat the damaging impacts of climate change in the developing world. … one of the most radical climate programmes yet by an oil-producing nation …

Norway will also plough an extra £1bn into its funds for climate change mitigation, renewable energy, food security in developing countries and conversion to low-carbon energy sources,
.

It will step up spending on new projects to combat deforestation in developing countries …

The
, to help offset its emissions, force through new building regulations to make all new homes carbon-neutral by 2015 and increase efforts to heavily cut emissions from cars, switching to electric vehicles.

It's part of the government's plan to reduce its greenhouse gas emissions 30 percent below 1990 levels by 2020, "among the most ambitious goals in the world," Reuters reports. But, not content to focus within its own borders, Norway wants to help other nations too.

http://grist.org/new...-to-help-world/

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Filed: Citizen (apr) Country: Ukraine
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Here's something that could only happen in Scandinavia.

Thank you God!

Edited by Gary and Alla

VERMONT! I Reject Your Reality...and Substitute My Own!

Gary And Alla

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Here's something that could only happen in Scandinavia.The Guardian reports:

Norway is to double carbon tax on its North Sea oil industry and set up a £1bn [$1.6 billion] fund to help combat the damaging impacts of climate change in the developing world. … one of the most radical climate programmes yet by an oil-producing nation …

Norway will also plough an extra £1bn into its funds for climate change mitigation, renewable energy, food security in developing countries and conversion to low-carbon energy sources,
.

It will step up spending on new projects to combat deforestation in developing countries …

The
, to help offset its emissions, force through new building regulations to make all new homes carbon-neutral by 2015 and increase efforts to heavily cut emissions from cars, switching to electric vehicles.

L

It's part of the government's plan to reduce its greenhouse gas emissions 30 percent below 1990 levels by 2020, "among the most ambitious goals in the world," Reuters reports. But, not content to focus within its own borders, Norway wants to help other nations too.

http://grist.org/new...-to-help-world/

Let's be clear about what they are doing. They are going to raise the cost of energy to their citizens and pass this money on to others to spend in what may be wise or unwise ways.

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