On 29 May 2020, the Norwegian government put forward a ‘Green transition package’ of NOK 3.6 billion. The investment objective is to underpin the green transition and use this as the motor of accelerating out of the COVID-19 impacts on energy and industry.
Solutions such as hydrogen, building renovation, batteries, offshore wind, circular economy, green shipping and other forms of green energy are mentioned specifically in the Green Transition package. Funding will be provided through public and public-private mechanisms, of which the bulk will focus on supporting medium to high technology readiness level (TRL) activities supporting industrial competitiveness in emerging solutions.
