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Low power price threatens Norway's green targets

Wed, 11/07/2012 - 2:25am
Reuters

OSLO (Reuters) - Norway's ambitious plans to boost wind power output to cut greenhouse gas emissions and diversify supplies are at risk because of low power prices and an underfunded subsidy scheme, industry sources say.

Norway, the second largest gas supplier to Europe after Russia, aims to cut its greenhouse emissions by 30 percent below 1990 levels by 2020, power more offshore oil platforms from its onshore grid, and diversifying its power supply.

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