In line with international agreements, Norway has set itself ambitious environmental targets, with its latest reforms aimed at meeting them. In 2008, the country agreed to steep emissions cuts of 30% below 1990 levels by 2020, in line with the overall European Union (EU) target of 20%. However, the country went a step further later in 2008 and committed to carbon neutrality by 2030.
Norway is not a party to the EU 20-20-20 targets. However, its emissions reduction schemes have paralleled those of the EU as the country’s economy becomes more closely entwined with the Union. A large chunk of its carbon mitigation is expected to come through the ETS and cooperative projects with other countries.
Norway has a 30% emissions reduction target, the achievement of which will be through energy efficiency measures as well as emissions reduction and renewable energy initiatives.
The country plans to be carbon neutral by 2030, and the achievement of this is dependent on its efficiency, renewable energy, and emissions performance. When it comes to reducing emissions, Norway has pinned its hopes on programs like the ETS, which will ensure that it can push a lot of measures outside the country, at least in the short term.