EU AND NORWAY ESTABLISH GREEN ALLIANCE
On 24 April, the EU and Norway signed an agreement establishing a Green Alliance to strengthen their joint efforts on climate action, environmental protection, and cooperation on clean energy and industrial transition. The Green Alliance aims to keep global temperature rise within the 1.5°C limit under the Paris Agreement while ensuring energy security, environmental protection, and human rights.
The EU-Norway Green Alliance will focus on strengthening efforts to combat climate change, increasing cooperation on environmental issues, supporting the green industrial transition, accelerating the clean energy transition, increasing regulatory and business cooperation, consolidating existing collaboration on research, education, and innovation, and promoting sustainable finance and investments. Most importantly, both parties will focus on decarbonising the transport sector across all modes, with special regard to zero GHG emissions and zero pollution shipping. They also reiterated their commitment to their respective 2030 targets of at least 55% greenhouse gas emission reductions compared to 1990 and to achieving climate neutrality at the latest by 2050.
The EU and Norway also agreed to jointly promote ambitious climate action on the global stage and to support developing countries and emerging economies in the process of implementing their climate and environment policies.
The full text of the agreement can be found here.
Source: European Commission