Norwegian budget aims at energy revolution

Carbon emissions targeted with new taxes, support for sequestration, renewables

Norway's draft budget for 2007, published on Friday, allocates over NKr860m (€103m) for a wide range of measures aimed at reducing emissions of carbon dioxide and other greenhouse gases in order to meet the country’s Kyoto protocol reduction targets.

The proposals are in line with recommendations set out in the report of a government "Commission on Low Emissions" issued just two days previously (EED 05/10/06).  They confirm the government's commitment to state-funded carbon capture and storage technology (EED 17/10/05).

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