Extra funding for climate change mitigation and forestry programmes also part of oil-rich nation's radical programme...
October 11, 2012 - Guardian
Norway is to double carbon tax on its North Sea oil industry and set up a £1bn fund to help combat the damaging impacts of climate change in the developing world.
Norway will also plough an extra £1bn (Nkr10bn) into its funds for climate change mitigation, renewable energy, food security in developing countries and conversion to low-carbon energy sources, Environmental Finance reported.
It will step up spending on new projects to combat deforestation in developing countries to £44m, taking up its spending overall on forestry programmes to £327m. Previous forestry projects have involved Brazil, Indonesia and Ethiopia... http://www.guardian.co.uk/environment/2012/oct/11/norway-carbon-tax-oil?intcmp=122