Prime Minister Jonas Gahr Støre (Ap) and Industry Minister Jan Christian Vestre (Ap) will announce the news during a press conference on Thursday morning. The package of NOK 15 billion will contribute to the green transition through equity, guarantees, loans and grants. – This is a historic investment . We must both create and share. In Norway, we have a world-class business community. It is important now that we are going through the biggest change in history. The pace must pick up, and this government is keen to play the business community well. It is a community responsibility to facilitate the green shift, says Prime Minister Støre. The package, which they call “roadmap 2.0”, looks like this: 3 billion in new capital injection to Nysnø (1.85 billion), Siva (1 billion) and Investinor (150 million) NOK 10 billion in increased guarantee framework under Exfin NOK 1 billion in increased loan framework under Innovation Norway NOK 1 billion over five years in grants for technology development within battery projects of common European interest (Innovation Norway) – Betting heavily – The point of this investment has not been to say “here we have the answer, so we sit back”. We want to present the continuation as we do today, says Støre. The package is the result of good cooperation with the business world and environmental organisations, says Minister Vestre. – We are now increasing our efforts by NOK 15 billion to relieve risk and contribute to the development of ground-breaking technology that Norway and the world need. This is active business policy in practice, says Vestre. Industry Minister Jan Christian Vestre presents “road map 2.0”, a package of 15 billion for green transformation in the business world. Photo: news He says the industries that receive money contribute to the green transition. – We are betting heavily on measures that we know work, which has also been an important input from the business world, says Vestre. Want to cooperate with Europe and the USA The Minister of Trade and Industry says they want to cooperate more closely with partners in Europe and the USA. – By providing more government loans and guarantees for the best projects, we will contribute to faster technology development and more private investment in Norway, says Vestre. – The world needs Norway to succeed. Støre points out that the USA is now investing heavily in climate and environment and further developing its own industry. – We may be a small country, but we are already a large industrial nation. And we shall continue to be so by investing in the best, says Vestre. Industry summit: – Not enough The fertilizer and chemical company Yara does not believe that the measures presented in the government’s new “green industrial boost” respond to the challenges Norwegian industry is facing – It is good that the government has a great commitment to a green industrial boost, but the measures presented are not enough . Neither to achieve the government’s goal of emission cuts or export growth from the process industry in 2030, says CEO of Yara, Svein Tore Holsether. Svein Tore Holsether does not think the government’s green industry promotion is enough. Photo: NTB Rather, he calls for cheaper electricity and better framework conditions. – If we are to succeed in restructuring industry and business, we need both more and reasonable power and efficient and predictable framework conditions. We have the technological solutions, but they are too expensive to use. We need targeted measures that allow us to cut emissions on a large scale, says Holsether. – We can bet bigger Ole Dolmseth, central board member of Nature and Youth, says 15 billion is better than nothing, but: – Good, but not good enough. 15 billion is better than nothing, but at this rate, Norway is falling behind in the green shift. We have the opportunity to bet bigger, it just depends on political will, says Dolmseth to news. Ole Dolmseth in Natur og Ungdom is not immediately convinced of the new multibillion-dollar package from the government. Photo: Natur og Ungdom SV’s Torgeir Knag Fylkesnes, for its part, is satisfied. – This is a job well done by Jan Christian Vestre and the Labor Party. SV said last winter that we must have an answer to the US and the EU’s strong investment in green industry, and got approval for it in the budget negotiations this spring. This is a good follow-up to that agreement, says Fylkesnes to news. NHO: Big tasks Anniken Hauglie, deputy managing director of NHO, believes that the success criterion for the package will be whether it leads to more activity in the industries. – There are positive signals from the government about, among other things, increasing the loan limit and making guarantees available to Norwegian business. We are faced with major tasks where we must both cut emissions and create new green jobs, and the companies are central if we are to achieve this, says Hauglie, and adds: – The details of the package and how we implement this, we need to go more thoroughly into, but these are tools we have requested and we believe that this will be able to make a positive contribution. 5 billion for a guarantee scheme A week ago, the government said that it would give 5 billion to a new guarantee scheme which will reduce the risk for private players who want to develop wind, hydro and solar power in developing countries. In June, Industry Minister Vestre presented a package of measures for the battery industry. He then said that they would allocate NOK 1 billion to the best battery projects over the next five years. The battery companies themselves were not entirely satisfied, and Venstre called it “puzzling”.
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Set aside 15 billion for green transition – news Norway – Overview of news from various parts of the country
