Tag Archives: Norway

The Norwegian government is said to be considering whether to finance industrial logging in the rainforests of the Democratic Republic of the Congo, where 20 million hectares of virgin forest could be handed over to the timber industry. It is believed that Norway will commit some €16 million to the project. The Congo Basin in Central Africa is home to ...

Christian, Muslim, Hindu, Buddhist, Daoist and Jewish leaders to join with indigenous forest guardians to express moral commitment and explore faith-based mobilisation to end deforestation For the first time, leaders from many of the world’s religions will meet in Oslo, Norway to discuss the spiritual and ethical responsibility they share to protect rainforests, one of the planet’s most vital life-support systems. ...

The Government of Norway on Friday, May 12, 2017 deposited its instrument of ratification, thereby becoming the 44th future Party to the Minamata Convention on Mercury. This is coming on the heels of Afghanistan’s deposition of its instrument of accession on Tuesday, May 2, 2017, thereby becoming the 43rd future Party to the Convention. Prior to that, Burkina Faso and Canada ...

Somalia has once again been hit by a severe drought, which could quickly develop into a famine. “A large proportion of the population is affected by the drought, and over six million people are in need of food aid. Norway is now increasing its support for humanitarian efforts in the country by NOK (Norwegian Krone) 64 million, in an effort ...

Norway on Monday, 20 June 2016 deposited its instrument of ratification of the Paris Agreement with the United Nations. At the 21st session of the Conference of the Parties (COP21), held in Paris, France last December, the Parties adopted the Paris Climate Change Agreement under the United Nations Framework Convention on Climate Change (UNFCCC). The Agreement was opened for signature ...

Norway’s $860 billion Sovereign Wealth Fund (SWF) has unveiled the first list of miners and power producers to be excluded from its portfolio following a ban on coal investments. The 52 companies being barred include American Electric Power Co. Inc., China Shenhua Energy Co. Ltd., Whitehaven Coal Ltd., Tata Power Co. and Peabody Energy Corp., according to a statement from ...

Norway’s $830 billion Sovereign Wealth Fund pulled out of 27 firms with links to coal last year as part of a policy to combat climate change, prompting campaigners to urge other big investors to follow suit. The fund, the world’s biggest, also said it sold holdings in 11 companies because of concerns about the destruction of tropical forests to make ...

Norwegian Prime Minister Erna Solberg on Monday (December 7, 2015) in Paris at the ongoing UN climate change conference (COP21) announced plans to scale up Norway’s commitments to the Green Climate Fund (GCF). Norway already pledged $258 million to the Fund last year as part of the initial resource mobilisation and has now promised to double that figure by 2020, provided that GCF can finance verified emissions reductions in deforestation and forest degradation. ...

Germany, Norway, Sweden, and Switzerland on Monday, November 30, 2015 in Paris, France announced a new $500 million initiative that will find new ways to create incentives aimed at large scale cuts in greenhouse gas emissions in developing countries to combat climate change. The World Bank Group worked with the countries to develop the initiative. The Transformative Carbon Asset Facility ...

The City of Oslo in Norway on Monday October 19, 2015 became the first capital city in the world to ban investments in fossil fuels, as it announced it would divest its $9 billion pension fund from coal, oil and gas companies. The announcement follows a previous pledge in March to ban investment in coal. Lan Marie Nguyen Berg of the Green Party ...