Regulation No. 1964 on CO2 compensation to industries for the period 2021-2030. Country/Territory Norway Document type Regulation Date 2022 (2023) Source FAO, FAOLEX Subject Air & atmosphere, Energy Keyword Emissions Emissions trading Business/industry/corporations Subsidy/incentive Liability/compensation Energy conservation/energy production Renewable energy Geographical area Europe, Europe and Central Asia, North Atlantic, North Sea, North-East Atlantic, Northern Europe Abstract The purpose of this Regulation is to prevent carbon leakage caused by the increase in electricity prices as a result of the EU's emissions trading system. The compensation given is linked to the calculation of subsidy according to ESAs guidelines for governmental subsidy on emission trading system after 2020 (2020/C 317/4). The compensation applies to period 1 January 2021 – 31 December 2030. An industry is entitled to compensation if its production is included under an industry code listed in table of article 4. Industries with an annual electricity consumption exceeding 5 GWh must meet the requirements in Annex 2 and article 4, which include among other things ensuring that a minimum amount of energy consumption comes from renewable sources. Rules are laid down regulating the calculation of yearly compensation, industries producing different types of products, withdrawal of compensation, etc. The Norwegian Environment Agency establishes the amount annual compensation according to articles 6 and 7. Full text Norwegian Website www.lovdata.no References - Legislation Repeals Regulation No. 1160 on CO2 compensation to industries. Legislation | Norway | 2013 Keyword: Emissions, Business/industry/corporations, Liability/compensation, Data collection/reporting, Energy conservation/energy production, Environmental standards, Internal trade, Standards, Protection of environment Source: FAO, FAOLEX