Norway has set ambitious objectives for environmental policy. With a strategy aimed at promoting sustainable development in policy design, these objectives are backed by a strong analytical framework for considering environmental, social and economic issues. This is complemented by a focussed approach to the management of human, natural, produced and financial capital. A further look at the cost-effectiveness of environmental policies will be necessary to ensure further progress for the environment, as will getting a grip on fiscal policy, with respect to certain taxes and subsidies. More investment in R&D could also bolster the sustainable growth agenda.