Norwegian Greenhouse Gas Emissions Trading Act
E508906
The Norwegian Greenhouse Gas Emissions Trading Act is a national law that establishes and regulates Norway’s emissions trading system for greenhouse gases, aligning it with international and European climate policy frameworks.
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
Norwegian act
ⓘ
climate change law ⓘ environmental law ⓘ |
| aimsTo |
contribute to Norway’s climate targets
ⓘ
promote cost‑effective emission reductions ⓘ reduce greenhouse gas emissions ⓘ |
| alignedWith |
European Economic Area climate policy framework
NERFINISHED
ⓘ
European Union Emissions Trading System NERFINISHED ⓘ |
| appliesTo |
certain industrial sectors
ⓘ
installations with significant greenhouse gas emissions ⓘ petroleum activities on the Norwegian continental shelf ⓘ power and heat production installations ⓘ |
| basedOn |
Kyoto Protocol
NERFINISHED
ⓘ
Paris Agreement NERFINISHED ⓘ |
| country | Norway ⓘ |
| enforcedBy |
Ministry of Climate and Environment of Norway
NERFINISHED
ⓘ
Norwegian Environment Agency NERFINISHED ⓘ |
| establishes | legal framework for Norway’s emissions trading system ⓘ |
| hasMechanism | cap‑and‑trade system for greenhouse gas emissions ⓘ |
| hasRequirement |
annual reporting of verified emissions
ⓘ
surrender of allowances equal to verified emissions ⓘ |
| hasSanction | penalty for failure to surrender sufficient allowances ⓘ |
| implements | Norway’s participation in the EU Emissions Trading System ⓘ |
| jurisdiction | Kingdom of Norway NERFINISHED ⓘ |
| language | Norwegian NERFINISHED ⓘ |
| legalForm | statutory law ⓘ |
| partOf |
Norway’s implementation of international climate obligations
ⓘ
Norway’s national climate policy ⓘ |
| policyArea |
climate change mitigation
ⓘ
energy and industry regulation ⓘ environmental protection ⓘ |
| providesFor |
cancellation of emission allowances
ⓘ
issuance of emission allowances ⓘ trading of emission allowances ⓘ |
| regulates |
Norwegian emissions trading system
NERFINISHED
ⓘ
allocation of emission allowances ⓘ greenhouse gas emissions trading ⓘ monitoring of greenhouse gas emissions ⓘ penalties for non‑compliance with emissions trading rules ⓘ reporting of greenhouse gas emissions ⓘ surrender of emission allowances ⓘ verification of greenhouse gas emissions ⓘ |
| relatedTo |
Norway’s Nationally Determined Contribution under the Paris Agreement
NERFINISHED
ⓘ
Norwegian CO2 tax system ⓘ |
| subjectMatter |
climate policy implementation
ⓘ
emissions trading system ⓘ greenhouse gas emissions ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.