Norway is wagering it will be easier to cut carbon emissions overseas than at home.
The nation may pay about 1.5 billion euros ($1.6 billion) for emission cuts in European Union nations, or if that negotiation fails, buy permits elsewhere under a planned global climate deal. Norway currently expects its own greenhouse gas levels to be about the same in 15 years, so will meet its 40 percent reduction goal by paying for curbs abroad.
