Lofoten Declaration
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The Lofoten Declaration, drafted in August 2017, is an international manifesto calling for the end of
hydrocarbon exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods ...
and further expansion of
fossil fuel A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geolog ...
reserves for
climate change mitigation Climate change mitigation (or decarbonisation) is action to limit the greenhouse gases in the atmosphere that cause climate change. Climate change mitigation actions include energy conservation, conserving energy and Fossil fuel phase-out, repl ...
. It calls for
fossil fuel divestment Fossil fuel divestment or fossil fuel divestment and investment in climate solutions is an attempt to reduce climate change by exerting social, political, and economic pressure for the institutional divestment of assets including stocks, bonds, ...
and phase-out of use with a
just transition Just transition is a concept that emerged in the 1980s through efforts by U.S. trade unions to protect workers' rights and livelihoods as economies shift to sustainable production, primarily protecting workers affected by environmental regulati ...
to a
low-carbon economy A low-carbon economy (LCE) is an economy which absorbs as much greenhouse gas as it emits. Greenhouse gas (GHG) emissions due to human activity are the dominant cause of observed climate change since the mid-20th century. There are many proven ...
. A diverse group of signatories has signed the declaration, affirming demands for early leadership in efforts from the economies that have benefited the most from fossil fuel extraction. The Declaration was named for the
Lofoten Lofoten ( , ; ; ) is an archipelago and a Districts of Norway, traditional district in the county of Nordland, Norway. Lofoten has distinctive scenery with dramatic mountains and peaks, open sea and sheltered bays, beaches, and untouched lands. T ...
archipelago where public concern has successfully prevented offshore development of petroleum reserves. Signed by 600 organizations spanning 76 countries, the Declaration is believed to have helped influence the government of Norway to divest from investment in exploration and production. The Lofoten Declaration also helped mobilize efforts for a global treaty on a managed decline of fossil fuel production, such as the
Fossil Fuel Non-Proliferation Treaty Initiative The Fossil Fuel Non-Proliferation Treaty Initiative is a diplomatic and civil society campaign to create a treaty to stop fossil fuel exploration and expansion and Fossil fuel phase-out, phase-out existing production in line with the targets of t ...
.


References

{{reflist Climate action plans Emissions reduction Climate change policy Ethical investment Low-carbon economy Sustainable energy