Norway Aims to go Carbon Neutral by 2030!

OSLO (Reuters) - Norway, which last year set what it called the world's most ambitious target for cutting greenhouse gas emissions, said on Thursday it aimed to go "carbon neutral" in 2030, which is 20 years earlier than its previous target.

The new target was set when the Labour-led coalition government reached agreement with three opposition parties to bring the goal forward from 2050.

The government said last year that Norway would aim to cut net emissions of carbon dioxide (CO2) to nil by 2050 by reducing emissions at home and investing abroad in environmental projects that will give Norway CO2 reduction credits.

The plan includes offsetting Norwegian emissions by spending around 3 billion crowns ($553.1 million) per year to combat deforestation in developing countries. Forests act as a sink for CO2, the main greenhouse gas blamed for causing global warming.

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