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

[one...two...tree 2,762]

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,

Environmental Finance reported

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

The

Oslo government is also to spend £69m [$111 million] on buying carbon credits in 2013

, 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/

[Gary and Alla 3,694]

Here's something that could only happen in Scandinavia.

Thank you God!

Edited October 13, 2012 by Gary and Alla

[Pooky 3,348]

The best way that Norway can help the world is by not entering the Eurovision Song Contest.

[The Nature Boy 4,224]

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,

Environmental Finance reported

.

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

The

Oslo government is also to spend £69m [$111 million] on buying carbon credits in 2013

, 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.