Norway’s NDC covers all sectors and gases. In this submission, Norway committed to a reduction of at least 50% and towards 55% compared to 1990 levels by 2030 (52 MtCO2e excluding LULUCF). Norway will implement its NDC jointly with the EU and Iceland, nevertheless it intends to go beyond the EU in the target of 40%, using voluntary collaboration under Article 6 of Paris Agreement.
Economic measures like CO2- taxes and emission trading are central to Norwegian climate policy, but also CCS technologies, electric vehicles and renewable energy will be supported. The following policy instruments are outlined: the EU-ETS; Effort Sharing Regulation (ERS), regulating carbon emissions that fall outside EU-ETS, whereby the Norwegian binding target is to reduce emissions by 40% in 2030 compared with 2005; and LULUCF, which is ought to reach net zero by 2030 (Norway NDC, 2020).
CAT evaluates Norway’s updated NDC as a progress but still insufficient to reach Paris Agreement goals. The present target establishes a reduction of at least 50% relative to 1990 levels by 2030, aiming for 55% (47 – 52% excluding LULUCF according to CAT). In CAT analysis, this new NDC will result in emissions between 24.6 and 27.2 MtCO2e in 2030, falling in a range warming that may reach between 2 and 3 degrees (Climate Action Tracker, 2021).