Positive climate news!

The EUs New Green Deal is finally escalating the green shift we’ve been waiting for. One of the many good things happening is that new investments will be marked as sustainable or unsustainable.

Unsustainable industries, like the petroleum industry, will therefore be less desirable to invest in. Norway will not get the stamp of sustainability on our petroleum industry, and henceforth have an added incentive to fully support renewable energy sources like wind, solar and water.

This may sound like a formality, but where the money flows, policy and action will follow. Christmas came early for the climate.

5 year anniversary of the Paris agreement

Yesterday marked the 5 year anniversary of the Paris agreement where over 180 countries committed to keep the global temperature 2 degrees and aim for 1,5.

This year we should have had a meeting in Glasgow to increase the ambition level, but because of the pandemic, it was postponed until 2021.

Instead there was a one day digital meeting where only those delegates who had news would get speaking time. The EU announced that the union will cut emissions with 55 percent by the end of 2030. Norway promised the same already in February this year.

These news, in addition to the happy news that the new US president Joe Biden will get the US back into the Paris agreement as soon as possible is some much needed good news for the climate!