Last week, Norway announced plans to fund a “green transition package”, investing $384.5m into sustainable power and infrastructure to help the country’s economy and productivity post-Covid-19.

The fund will be used to support a range of initiatives, including investments in hydrogen power and battery storage technology, building offshore wind infrastructure, and renovations to new and existing buildings, as Norway looks to reach the Paris Climate Agreement target of limiting global temperature rise to less than two degrees by 2050. There is also an economic initiative behind Norway’s reform of its energy industry: figures from Statista show that 84% of Norwegian businesses claim to have experienced lower demand for their products and cancellations of their services since the pandemic began, with 85% considering reducing production across their operations.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Read more about Norway’s response to the Covid-19 pandemic here.