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New government wants to pull Norway out of GO market


13 Oct 2021 13:47

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13 Oct 2021 13:47

(Montel) Norway’s new government said it wants to withdraw from the guarantees of origin (GO) market, while it also agreed not to approve new cross-border links and has given its backing to the oil and gas industry.

In a policy statement on Wednesday, however, the Labour and Centre parties did not specify how or when they wanted to pull Norway out of GOs, with experts telling Montel previously that such a move would face legal hurdles.

The new government will also need support of at least one opposition party since it does not have an outright majority in parliament.

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