The Nobel Peace Prize is awarded each year in Oslo, Norway.
Unlike the other Nobel Prizes, which are presented in Stockholm, the Peace Prize ceremony takes place at Oslo City Hall. The Norwegian Nobel Committee selects the laureate, following the wishes of Alfred Nobel’s will. The first Nobel Peace Prize was awarded in 1901.
Alfred Nobel, the Swedish inventor and industrialist, created the prizes through his 1895 will. He specified that the Peace Prize should be awarded by a committee elected by the Norwegian Parliament, while the other prizes would be administered through Swedish institutions.
The distinction between Oslo and Stockholm is a frequent source of confusion. Oslo hosts the Peace Prize ceremony, while Stockholm hosts ceremonies for physics, chemistry, physiology or medicine, literature, and the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel.