Norway receives incredible global exchange through its oil industry. The total exports of Norway in 2019 worth nearly $109 billion out of which, petroleum gas and crude petroleum were the two main leading exports at $23 billion and $29.6 billion, respectively. The government of Norway has decided to reduce greenhouse emissions by 80 to 95 percent below the levels of 1990.
In addition, the Norway government has strategies to fulfil the following goals:
- Reduce emissions by at least 40% by 2030
- Reduce emissions by 30% by 2020
- Low-emissions society by 2050
- Climate neutrality by 2030
The infographic below shows how the country is efficiently using the wealth collected through the trades of the oil industry to diminish greenhouse emissions and make the country go green.
Infographic by: Energyminute.ca
