Norway to compensate industry for carbon emissions

first_img Comments   Share   OSLO, Norway (AP) – Norway’s government says it will create a carbon-emissions program to compensate domestic manufacturers, in the hope of dissuading them from moving their industries to countries with less stringent climate regulations.The government says that the European Union’s Emission Trading Scheme, which Norway adopted in 2005, has led to an increase in energy prices and a reduction in the competitiveness of domestic enterprises. Former Arizona Rep. Don Shooter shows health improvement Bottoms up! Enjoy a cold one for International Beer Day Sponsored Stories Mary Coyle ice cream to reopen in central Phoenix The EU’s scheme allows for countries to compensate industry, and Norway’s government says its own program will be based on calculation methods in the EU guidelines. The Norwegian program will go into force in July 2013 and last until 2020.Environment Minister Bard Vegar Solhjell said Tuesday in a statement that the program will combine “good climate policy with good industrial policy.”(Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.)center_img Natural spring cleaning tips and tricks for your home How men can have a healthy 2019 Men’s health affects baby’s health too Construction begins on Chandler hospital expansion project Top Stories last_img

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