British International Investment has partnered with Norway’s Norfund in a joint venture with Scatec to support the initiative, which will meet the power needs of more than three million people

It will invest in projects including greenhouse gas reductions in agriculture and livestock

Norway is the biggest producer of oil and gas in Europe, delivering around one-fourth of EU countries’ gas consumption and significantly contributing to European energy security

It will support island countries in the Atlantic, Caribbean, Indian and Pacific ocean regions to prevent the release of more than 185,000 metric tons of marine litter by 2027

Together, they will generate more than 500,000MWh of renewable electricity per year – enough to power more than 70,000 homes in New York

It will focus on reusing parts and elements of wind turbines – to cut emissions

It will support measures to reduce emissions in energy, industry and transport in Romania, Czechia, Poland, Lithuania, Hungary, Slovakia and Croatia, as well as support them in meeting their 2030 climate and energy goals

CapeOmega, TotalEnergies and Wintershall Dea submitted bids to store carbon dioxide on the Norwegian continental shelf

The new agreement provides a framework for the two countries to work together on climate and biodiversity, which includes reducing emissions by sharing knowledge and technical expertise

The fines cover the 2020/21 financial year for breaches of the EU Emissions Trading System, CRC Energy Efficiency Scheme, Energy Savings Opportunity Scheme and Fluorinated Greenhouse Gas scheme