Quick links: United States | Major Indices | Indices Future | Real-time Commodities | Webinars | Coronavirus | Economic Calendar
World
14 Sept 2021
Norway Vote Winner to Start Talks on Climate and Global Warming
The Index Today
After winning a decisive parliamentary election victory, Norway’s Centre-left opposition parties plan to conduct coalition talks to form a majority government that will address climate change.
Jonas Gahr Stoere, the Labor leader will discuss voters’ concerns about global warming as well as the widening wealth gap in the country. The discussions will point towards how the country is transitioning away from fossil fuel production.
The labor leader will try to convince the rural-based Centre party and the urban socialist left party to join hands with him. This will give him a benefit of 89 seats which is a majority needed to pass votes in the 169-seat assembly. Stoere said to reporters, “I believe it’s worth attempting to form a majority government.”
Jonas Gahr must try to convince the center and the socialists to make necessary changes in policies which address issues such as oil and private ownership, European Union, the country’s relationship with the bloc and more.
Norway must increase efforts to cut down on climate emissions and find ways to meet the targets set by the Paris Accord. Researcher Baard Lahn said, “The likely compromise has to do with restricting exploration, and the less explored and matured areas are easy to stop exploration in. Also the industry has indicated they are less interested in those areas at the moment. That’s a possible outcome, but exactly what that will look like, there are many possibilities”
Norway currently produces over 3 million barrels of oil per day which accounts for 40% of revenues through exports. A majority of parties believe that oil is no more a major player and should move towards transforming oil-firms into renewable energy firms.
