Climate Changed
Norway Seeks to Offset Its Pollution 12 Years Before Needed
- Markets emerging as a tool to help nations meet climate goals
- New carbon market mechanism is on agenda at UN Bangkok talks
This article is for subscribers only.
Norway is seeking to buy credits to offset its fossil-fuel emissions more than a decade before it needs them to meet pollution goals for 2030, according to government officials overseeing the program.
The move is an early indication of support from a major industrial country for an effort by the United Nations to revive a global carbon market that once turned over $33 billion in a year. Norway is one of the first countries to set out how it will use post-2020 carbon markets to meet its emission targets.