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Norway to Buy Carbon Emission Credits From Clean-Energy Projects

Norway plans to buy carbon credits from emissions-cutting projects in developing and developed countries that may have to stop operating due to the low prices for the offsets they generate.

The nation may purchase as many as 30 million United Nations Certified Emission Reductions and Emission Reduction Units for the period from 2013 through 2020, the ministry of finance said in a statement. The credits have fallen as much as 99 percent since 2008, prices on the ICE Futures Europe exchange in London show.