September 13, 2021
The Norwegian government has called on a small team of Norwegian experts from industry, finance and academics to evaluate the conditions and market in Norway for climate friendly investments.
– The entire business community must take part in the fight to achieve our climate goals. This committee will lay the foundation for how we can strengthen the framework conditions for climate-friendly investments in Norwegian companies. For the government, it is important that the business community invests in sustainable projects on our way through the green transition, Minister of Trade and Industry Iselin Nybø (V) said when the team was announced last month.
The expert committee will, among other things, assess whether the current overall framework conditions contribute to a well-functioning market for socio-economically profitable, climate-friendly investments. Furthermore, they must assess the framework conditions in Norway relative to the framework conditions in other countries.
– We as an industry have a tremendous transition ahead of us, and we appreciate that the government asks for collaborative input and dialogue with the industry and finance sector on how to best solve this extreme challenge. I look forward to participating and contributing to this important work starting tomorrow based on my experiences from climate investments both in Norway as such, but also on the US, Asian and European continents, says Cenate CEO Erik Sauar.
– The transition to a low-emission economy will require major technological changes and investments over the coming decades. If we are to equip Norway for the future, we must facilitate that climate-friendly business models succeed, and that profitable, climate-friendly projects have access to sufficient and correct capital, says the Minister of Trade and Industry.
The committee shall deliver its recommendations to the Norwegian government by June 2022.