Norway joins agency to promote renewable energy

Norway is the first country to contribute up to $1 billion to a Brazilian fund to reduce deforestation in the Amazon. Reducing deforestation can provide the largest, quickest and cheapest reductions in greenhouse gas emissions in the short term.

Norway is increasing its support for measures to prevent deforestation in developing countries. The Government will raise half a billion USD a year as part of its efforts to reduce greenhouse gas emissions.

On May 28, Norway’s Minister of Foreign Affairs Jonas Gahr Støre met representatives of the four other nations bordering the Arctic Ocean to discuss challenges in the High North, including those resulting from climate change. The conference culminated in a joint declaration by the five countries.

Norway is at the forefront of efforts to secure reductions in CO2 emissions internationally, and has also set itself the target of becoming carbon neutral by 2030.