Strong need for risk mitigation to drive the green transition

The government's proposed national budget allocates a record-low amount to the Environmental Technology Scheme, the key grant scheme supporting Norwegian companies in the transition to more climate- and environmentally friendly operations.
Håkon Haugli snakker til forsamlingen
Håkon Haugli at the 2023 Innovation Speech.
© Kilian Munch

Compared with the years before the COVID-19 pandemic, funding for the Environmental Technology Scheme has been cut by around NOK 150 million. The proposed 2024 budget maintains this record-low level, with no adjustment for inflation.

- 'Norway will undergo a major transition in the coming years. It is therefore difficult to understand why funding for a scheme that reduces greenhouse gas emissions and supports business development across the country should be cut,' says Håkon Haugli, our CEO.

'The Environmental Technology Scheme provides grants for the development, piloting and demonstration of new environmental technology. Testing new technology involves significant costs. The grant therefore reduces the risk for companies contributing to Norway's green transition. There is a strong need for this kind of risk relief,' says Haugli.

Published 6 Oct 2023Last updated 20 Nov 2023
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