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The Fiji Times » Norway s plans to raise carbon tax draw oil industry ire

Reuters Reuters 9 January, 2021, 8:02 pm FILE PHOTO: Greenpeace s Arctic Sunrise ship navigates through floating ice in the Arctic Ocean, September 15, 2020. Picture taken September 15, 2020. Picture taken with a drone. REUTERS/Natalie Thomas/File Photo OSLO (Reuters) – Norway plans to more than triple its national tax on carbon dioxide (CO2) emissions by 2030 to help it reach its climate goals, the government said on Friday, drawing criticism from the country’s powerful oil lobby. The cost of emissions will be raised to 2,000 Norwegian crowns ($237) per tonne by 2030 from 590 crowns for most industries at present, Environment Minister Sveinung Rotevatn said when presenting the cabinet’s “Climate plan 2021-30”.

Norway s plans to raise carbon tax draw oil industry ire

Norway plans to more than triple its national tax on carbon dioxide (CO2) emissions by 2030 to help it reach its climate goals, the government said on Friday, drawing criticism from the country's powerful oil lobby.

Norway oil sector braced for huge carbon tax hike as new climate plan hatched

8 January 2021 14:39 GMT Updated  13 January 2021 14:39 GMT in  Stavanger Norway plans to hit oil and gas companies with an increase in carbon taxes to the end of the decade as the major producer nation unveiled a new climate plan aimed at tackling its carbon dioxide emissions. In the plan unveiled on Friday outlining the Oslo administration s climate ambitions for the rest of the decade, the government is set to increase the total cost of CO 2 emissions to a ceiling of Nkr2000 per tonne in 2030 ($235), leading the lobby group for the country s oil and gas industry to warn of a potentially negative impact on activity.

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