In a recent Press Release, Norwegian Prime Minister announced announce that Norway is raising its emission reduction target to at least 55% by 2030.
In addition, Norway also sets out the following priorities for the Cop27 in Egypt:
- The Glasgow meeting accomplished a great deal. But much more work remains to raise global ambition and to implement the goals that have been set.
- We will continue our active engagement in international climate diplomacy and work to further strengthening global cooperation at the UN Climate Conference (COP 27) in Egypt (Sharm el-Sheik) in November.
- COP 27 should deliver on increased ambition in all areas. We should show progress in implementation of the Paris Agreement and the Glasgow Climate Pact, including in mitigation, adaptation and in climate finance.
- Norway will work for COP 27 to send a strong political message about the need to increase ambition and to urgently accelerate emission reductions in order to limit global warming to 1.5°C. We will work for agreement on a strong and inclusive mitigation work program, as a tool in this work.
- Norway will continue to be a leader in climate finance and other support to developing countries. We will double our annual climate financing to more than 1.6 billion USD by 2026, thus contributing significantly to reaching the 100 billion USD target set in Paris. As part of this, we will at a minimum triple our adaptation finance.
- It is important that COP 27 delivers progress on the Glasgow Dialogue on financing arrangements for loss and damage as well as on the Santiago Network for technical support. We are open to establish an agenda item to discuss the way forward for financing arrangements for loss and damage in the context of the ongoing Glasgow dialogue.
- Norway supports and participates in many initiatives that contributes to mitigation and to building climate resilient societies, both by joining new ones that will be launched at COP 27 and by following up existing initiatives.