The Norwegian government today published its policy to align its financing with the Clean Energy Transition Partnership , fulfilling a promise it made a year ago to end the use of Norwegian government finance to fund fossil fuel projects abroad. At the COP28 UN climate summit in Dubai, Norway signed the Clean Energy Transition Partnership, committing to end its international public finance for fossil fuel projects within a year.
While Norway’s climate policies are in the spotlight for both national and international critique in many other areas – not least its status as one of only five Global North governments responsible for a majority of the entire world’s planned expansion of new oil and gas fields through 2050 – the publication of the Norwegian CETP policy is important progress. Norway must build on this progress to ensure a comprehensive approach to phasing out oil and gas in line with the 1.