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Norske Skog ASA ( (DE:0BQ) ) has issued an announcement.
The Norwegian Environment Agency’s decision to exclude Norske Skog’s Skogn and Saugbrugs mills from the EU Emissions Trading System (EU ETS) for 2026-2030 poses significant economic and competitive challenges for the company. This exclusion, based on revised criteria for emissions from sustainable biomass, undermines Norske Skog’s efforts in reducing its carbon footprint and may slow down the green transition, prompting the company to appeal the decision.
More about Norske Skog ASA
Norske Skog ASA operates in the paper industry, focusing on the production of newsprint and magazine paper. The company has positioned itself as a leader in reducing fossil CO₂ emissions through significant investments in sustainable energy solutions and energy efficiency.
YTD Price Performance: -13.24%
Average Trading Volume: 346
Technical Sentiment Signal: Strong Buy
Current Market Cap: €156.8M
See more data about 0BQ stock on TipRanks’ Stock Analysis page.