# Norway fishing industry and regulatory developments > Live situation record from CLSTR: https://clstr.news/situations/norway-fishing-industry-and-regulatory-developments > Updated: 2026-10-26T22:56:34.000Z. Sources: 2. Developments: 2. The Norwegian fishing sector is undergoing significant regulatory and management shifts. In early October 2026, the Stortinget secured a majority for a proposal to remove the CO2 tax on fishing by January 1, 2027. Supporters of this measure, including the Høyre, KrF, Sp, and Frp parties, argued that the tax was counterproductive, as it encouraged fishers to refuel in foreign countries, thereby increasing total emissions through longer travel distances. By late October 2026, focus shifted to international cooperation regarding shared stocks. Norway and Russia finalized an agreement in Istanbul for 2027 Barents Sea fishing quotas. The deal includes a 14 percent increase in the total Northeast Arctic cod quota—the first such increase in six years—reaching 325,000 tons. Haddock quotas are also set to rise by 18 percent. Despite challenging negotiations influenced by measures against two Russian fishing companies, officials emphasized the agreement’s importance for the sustainability of fish populations and the economic stability of coastal communities. ## Timeline ### 2026-10-26: Norway and Russia reach 2027 Barents Sea fishing agreement Norway and Russia have agreed on 2027 fishing quotas for the Barents Sea, including a 14% increase in the cod quota, the first rise in six years. 2 sources. https://clstr.news/cluster/norway-and-russia-reach-2027-barents-sea-fishing-agreement ### 2026-10-05: Norway fishing industry to see CO2 tax removal by 2027 A majority in the Stortinget has supported a proposal to abolish the CO2 tax for the Norwegian fishing industry by 2027 to improve predictability and prevent fuel bunkering abroad. 4 sources. https://clstr.news/cluster/norway-fishing-industry-to-see-co2-tax-removal-by-2027 --- Cite as: Norway fishing industry and regulatory developments. CLSTR, https://clstr.news/situations/norway-fishing-industry-and-regulatory-developments