Policy instruments Sample Clauses

Policy instruments. The parties agree that Norway’s climate policy must be designed to give the greatest possible emission reductions relative to the resources used. The parties agree that climate policy must be designed to give substantial cuts in emissions both in Norway and abroad. The parties agree that general policy instruments are a central element of domestic climate policy. Cross-sectoral economic instruments form the basis for decentralised, cost-effective and well-informed measures to ensure that the polluter pays. When Norway has joined the EU emissions trading scheme, about 70% of domestic emissions will either be covered by the emissions trading scheme or subject to the CO2 tax. The parties agree that further regulation should as a general rule be avoided in areas that are already regulated by means of general policy instruments. However, the parties agree that in these sectors too, the possibility of using other policy instruments in addition to emissions trading and taxes should be retained. The parties agree that the implementation of measures that will be cost effective with a projected rise in carbon prices over the lifetime of the investment, and that will not necessarily be implemented in response to current policy instruments, should be considered in particular. In this connection, priority is to be given to measures that promote technological developments. Furthermore, the parties agree that special measures may be considered to encourage the population as a whole to begin a changeover to a low-emission consumption pattern sooner than they would as a result of the projected rise in carbon prices alone. The parties have noted that the ▇▇▇▇▇ Review concludes that it should be possible to make large cuts in emissions without major consequences for the economy as a whole. The parties would like to emphasise that it will cost less to carry out large emission reductions if the process is started at an early date. It is also important to invest resources in technological developments that will enable us to cut emissions radically in the future.