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The Office of the Auditor General’s Investigation into the Norwegian Authorities’ Control of the Norwegian Emissions Trading System

Administrative report 1 2012
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Summary

Emissions trading is a key climate policy instrument on both the Norwegian as well as the European level. For the period 2008–2012, the Norwegian Emissions Trading System (hereinafter ETS) encompasses some 115 companies within the off shore, energy supply, petrochemical and other industries. Greenhouse gas emissions (hereinafter emissions) from installations at these companies account for about 40 % of Norway's total emissions. The economic value of these allowances varied between approx. EUR 1.27 and 0.685 billion in the period from October 2011 to April 2012.

The first part of the investigation has looked at compliance with relevant legislation, the registry's data and information safety and, more specifically, VAT fraud involving emissions allowances.

The second part of the investigation has looked at Klif 's controls involving emissions measurement, calculation and reporting by the operators.

Ministry/ministries:

Riksrevisjonen, Storgata 16, P.O. Box 8130 Dep, 0032 Oslo, Norway

Phone: +47 22 24 10 00

Org.nr: 974 760 843