March 30 (Bloomberg) — Norway changed its value-added-tax rules to prevent fraud in the market for carbon-dioxide allowances, Nasdaq OMX Group Inc., which operates the Nord pool exchange, said in an e-mailed statement to its members.
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Norway has stolen a march over other developed countries by declaring that it would reduce 40% of its greenhouse gas emissions by 2020 and become carbon neutral by 2030. Its 49 year-old prime minister Jens Stoltenberg , in India for the Delhi Sustainability Development Summit, assures that Norway will do everything possible to make this happen. An economist from Oslo University, Stoltenberg spoke to Narayani Ganesh and said that carbon taxes, rather than subsidies, could better deliver on emissions reduction:
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Norway is among those countries pledging the toughest emissions cuts at the Copenhagen Climate conference.
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OSLO The Norwegian government said Wednesday that it was prepared to toughen its target for cutting carbon emissions by 2020 to help support efforts to reach a global climate accord.
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StatoilHydro is part of an important new field research and pilot project that is testing technology with the potential to reduce water use and carbon dioxide (CO2) emissions at its Leismer oil sands in situ project in Alberta, Canada.
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Mongstad, Norway: Norways most polluting industrial site, the Mongstad oil refinery, is now looking to lead the way on fighting climate change.
Located on the countrys west coast, the refinery spits out around 1.7 million tonnes of carbon dioxide every year a gas that is widely blamed for global warming.
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Norways Minister of the Environment, Erik Solheim, demands that StatoilHydro starts a study on possible total CO2 capture of the Snøhvit LNG-plant in northern Norway.
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The Norwegian Ministry of Finance has signed an agreement to buy carbon credits from Shenhua Group, China’s largest coal miner, under the clean development mechanism (CDM), a statement on the State-owned Assets Supervision and Administration Commission’s website said on Tuesday.
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