Eco Factor: Plan to reduce carbon emissions by 30 percent by 2020.
Norway has outlined plans to cut carbon emissions 30 percent in the next decade, which are one of the deepest emissions cuts of any nation ever. The plan includes infrastructure for electric vehicles, use of biofuels, creating more bike paths, strategies for carbon capture and more.
The 300 page report released by Norway’s government is called the “Climate Cure” and it outlines how the oil-dependent nation will halt greenhouse gas emissions, scaling them back by 17 million tons each year. The government officials estimate that they’ll be spending around $188 to avoid one ton of greenhouse gas emissions, which is 10 times more that in EU’s carbon trading scheme.
Norway uses very little coal power, so reducing emission won’t be as easy as taking coal plants offline. Norway, on the other hand, will use tax revenues from carbon to invest in clean projects. The officials also predict that cutting carbon will fuel their clean energy economy, which will compensate for the costs during the first decade.
Via: Treehugger
