Economic perspectives
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To determine the optimal combination of supply- and demand-side climate policy for a small country like Norway, the cost of reducing domestic emissions on either side, together
Norway’s economy is today characterised by substantial petroleum revenues, sharp growth in government expen- diture, a tight labour market and high cost inflation.. High oil prices
Regardless of its impact on the domestic legal system, the argument that Norway should rati- fy the Protocol as a contribution towards promoting human rights standards worldwide