The Norwegian Climate and Environment Minister, Mr. Espen Barth Eide, met with his Indian counterpart, Mr. Bhupender Yadav on the sidelines of COP26. The ministers spoke about how both nations have increasingly tapped bilateral economic and technical complementarities, and looked forward to strengthening the cooperation.
Norway presented its updated goal of reducing carbon emissions by 55 percent by 2030, and launched a number of new initiatives, including a new guarantee scheme to generate investments in renewable energy in developing countries.
Norway also promised to double climate finance to NOK 14 billion by 2026 at the latest. Prime Minister Jonas Gahr Støre took over as co-chair of the international High Level Panel for a Sustainable Ocean Economy, and held the Norwegian national statement.
- Norway will work with development partners to help finance their transition to renewable energy. We wil support investements that can help phase out coal and other fossil sources. We will launch a new Climate Investment Initiative to fund renewable energy in developing countries. And we will continue our efforts to preserve tropical forests and promote sustainable forestry and agriculture, said Prime Minister Støre.
The PM’s speech can be read in full here: Statement at the UN Climate Change Conference in Glasgow - regjeringen.no