|Policy Type:||Policy Support, Economic Instruments>Market-based instruments|
|Agency:||State of the Environment Norway|
|Climate Change Description:|
In March 2005, the Norwegian Cabinet approved a credit allocation plan for those installations participating in the Norwegian emissions trading scheme between 2005 and 2007. The plans final version allocates 20.5 MtCO2 to 51 industrial and energy sector installations, representing a 5% reduction in the amount requested by the firms themselves. The Norwegian emissions trading scheme is not yet linked to that of the EU. Norways 2008-2012 target under the Kyoto Protocol is to then limit growth in greenhouse gas emissions to 1% of 1990 levels.
|This record is superseded by:||Emissions Trading Scheme 2008-2012|
Last modified: Mon, 04 Nov 2013 15:19:35 CET