Super fascinating. Wasn't aware that the suggested CO2 tax was this high. This is the order of magnitude we need to aim for, in order to make CO2 removal and reduction of CO2 emissions properly profitable.

I get the impression that the tax is to be levied on the entity that emits CO2 to the atmosphere, not the fuel producer?

What's also encouraging is that it's the right party fronting this suggestion. It's not a fringe left-wing environmental party.

> I get the impression that the tax is to be levied on the entity that emits CO2 to the atmosphere

Yes that seems to be the case[1].

> It's not a fringe left-wing environmental party.

Indeed, so will be interesting times ahead. Not unsurprisingly Norway has a very oil-oriented industry, which obviously did not think too highly of this proposal. There's lots of talk about transitioning to a "greener economy" but precious few concrete proposals about how to turn those jobs green.

So yeah, interesting times ahead.

[1]: https://www.regjeringen.no/no/tema/okonomi-og-budsjett/skatt...

Does this include the carbon ultimately released from oil that was sold to other countries by Norway?

I would guess no. The buyer could be pumping it back in the ground for all the seller knows.

Requirement to sell "carbon neutral" oil to countries that do not have their own carbon capture rules would be an interesting idea.

Could as well add another tax for all the other nasty chemicals the refinement process releases.

>The buyer could be pumping it back in the ground for all the seller knows.

Yeah, I’m afraid I don’t buy this reasoning...

As I understand it no, it only covers usage of oil and other fossil products.

On the one hand I absolutely agree that's ignoring a major CO2 source.

On the other hand, if Norway added the CO2 tax to exported fossil fuel but other countries did not, would that affect fossil fuel consumption in any meaningful way?