Norway got rich by selling oil—but it believes the fuel doesn’t have a future on its own roads. The country plans to end sales of all gasoline-powered cars by 2025.
The Norwegian central bank, which runs the country’s sovereign wealth fund – the world’s biggest – has told its government it should dump its shares in oil and gas companies, in a move that could have significant consequences for the sector.
Norway’s electric vehicle boom has been built on generous government incentives. EVs are exempt from car-purchase taxes and the 25 percent sales tax levied on just about everything else, and they get a break on annual fees. Drivers plug in for free at municipal power points, generally don’t pay tolls, and can use bus lanes to avoid traffic. On ferries across Norway’s deep fjords, electrics travel at no cost. It’s no surprise, then, that Norwegians call gasoline-powered vehicles fossilbiler—fossil cars.
On a remote island that is just 800 miles (1,300 km) from the North Pole, the Norwegian government has built a failsafe in the freezing cold that protects thousands of the most vital crops from extinction. Officially called the Svalbard Global Seed Vault, it already holds close to a million samples of crops around the world, with each sample holding about 500 seeds.
Liberia is to become the first nation in Africa to completely stop cutting down its trees in return for development aid.
Norway will pay the impoverished West African country $150m (£91.4m) to stop deforestation by 2020.
There have been fears that the Ebola crisis would see increased logging in a country desperate for cash.
Norwegian officials confirmed details of the deal to the BBC at the UN climate summit in New York.