CRF: TABLE 10 EMISSION TRENDS In 2009 the Minister for Environment formulated a Climate Policy for the Faroe Islands45. The principal aim of this policy is to decrease the Faroese dependency on oil and fossil fuels and to increase the use of renewable energy sources significantly. In this way, achieve the ambitious and realistic target of reducing emissions of greenhouse gases by at least 20 % in 2020, compared with the level of emissions in 2005. This will in turn make Faroese society less vulnerable to the effects of ever-changing oil prices. *Reporting by a developed country Party on the information specified in the common tabular format does Optional.