Norway raises carbon tax

14.01.2021. / 9:00

OSLO – Norway plans to significantly increase the tax on carbon dioxide emissions to oil and gas companies by the end of the decade, as part of a new plan aimed at combating climate change, writes the Upstream portal.

foto: pixabay

The Norwegian government plans to increase carbon emissions costs to $ 235 per tonne by 2030.

Oil and gas companies currently pay $ 94 per tonne of CO2 they produce.

At a press conference on Friday, Norwegian Prime Minister Erna Solberg claimed that the carbon dioxide tax is the most important means of reducing the emissions of harmful gases that are created during oil and gas production.

The leader of the industrial lobbying group of the Norwegian Oil and Gas Association (Norog), Aniken Haugli, said that the government’s proposal for a significant tax increase could have a negative impact on domestic production.

Although Haugli said the industry supports the Norwegian CO2 tax, she stressed that regulations and framework conditions must not be changed.

“We have to avoid a situation where Norway becomes superior and companies transfer their investments to other countries,” she said.


Source: Capital.ba – Informacija je capital by www.capital.ba.

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